.
I'll wait for a reputable news source to report this.
The oil will be Russian oil that the Saudi’s bought and sell to us for a profit.
“The White House on Friday said Saudi Arabia has committed to increasing oil production in July and August”
Did Biden drop to both knees or just one?
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Imagine if our stupid government wanted to build a modern new refinery or two, along with some necessary pipelines. But they would rather beg the Middle East and South America.
No way there will be a noticeable (to the people hurting) price change at the pump before the midterms. This is something that need to happen so the witless would see the difference between the parties. Enough of them outsourcing their thoughts and votes.
That’s strange the tanker traffic locator says all of the Saudi oil is going to your are to China and all of our oil is going to Europe wonder what that’s about
so i guess we are to understand that Saudis will give us more oil so that... we can then give china more oil?
Do not believe it unless Salman confirms.
For only July and August. It will be over in a few weeks.
https://www.archyde.com/oil-production-quotas-for-opec-countries-in-july-2022/
Planned oil production increase for July and August was 170,000 barrels/day. That means the increase will be 255,000 barrels/day. The big increase is 85,000 barrels/day. Not impressive IMHO.
The deal is only July/August? So supply chain-wise this should carry them until November election. This is not a deal of any sorts. What is really happening here?
Timeline looks like for the elections, but I would caution to consider this is also the time frame when it is predicted the biggest hit of food scarcity starts. There is more in play here than just the oil.
Good. They will have all that global warming over there and we won’t have any of it because we’re not drilling.
This looks like PR and spin to me.
We’ll see if the Saudis are capable of ramping up production much more and if they actually do ramp up production much more.
Yeah just enough to keep fuel prices in the 5-6 dollar range.
If people cannot see through the smoke, mirrors and charades they are some stupid bastards
Measured increases were already scheduled. A modest increase in the increase in concession to Biden’s visit may be expected for awhile, but it won’t make much difference. Saudis just being diplomatic.. Guess they are not “pariahs” anymore.
Actually, Saudi Arabia agreed to work within OPEC to assure production keeps the market prices in a stable condition
Saudi Arabia is not unilaterally going to increase production at the behest of the USA
“Take that, you pariah!”