And take a bigger gas can, Brandon!
Posted on 10/03/2022 8:47:20 PM PDT by SeekAndFind
After more than a year of rising gas prices, it was nice to see them go down a bit over the summer. It wasn’t enough, but every little bit helped. All the while, the Biden administration crowed about gas prices as though a slight drop after sharp rises was all part of the plan.
Many of us believed that prices would trend back upward eventually and recent weeks have proven that notion correct, as oil companies started preparing for the switch to winter gas formulas and Hurricane Ian bore down on Florida.
And now it looks like even higher gas prices are in the works. OPEC+, the coalition of the traditional OPEC nations and other oil-producing nations, is meeting in Vienna this week to discuss production policy. CNBC reports that these oil producers are “reportedly considering their largest output cut since the start of the coronavirus pandemic this week, a historic move that energy analysts say could push oil prices back toward triple digits.”
It’s the first meeting of OPEC+ since 2020, so experts believe that this summit is intended to lead to big moves like a cut in supply.
“The OPEC ministers are not going to come to Austria for the first time in two years to do nothing. So there’s going to be a cut of some historic kind,” Dan Pickering, CIO of Pickering Energy Partners, told CNBC.
This move could mean a production cut of a million barrels per day, although Pickering expects the cut to be around half a million. And since the U.S. is no longer a net energy exporter thanks to the Biden administration, that can only mean that prices at the pump will rise.
(Excerpt) Read more at pjmedia.com ...
You would think with the way the Left prattles on about wars for oil this wouldn’t happen.
Of course Leftosts could just be liars....
Please, No Mas!
“Historic’ Cut in Production”.
Like 1974?
Or just maybe less drastic than that?
Past time for the R’s to take control and jump start US oil production and refining.
More crude does nothing for us without additional refining capability.
Effectively no real point in pumping crude just to export it.
looks like a retard got into the keywords page...
OPEC+ has been unable to meet the quota it has now. They are worried about defending the price for as long as possible before the recession strengthens.
That, and we have millions and millions of barrels to add to our diminished spr at the end of October.
A recent report on California gas prices mentioned the state imports must of its fuel.
California is oil rich, but of course the left won’t allow it.
Our East and West coasts have oil but the environmentalists killed offshore drilling long ago.
Likewise the blue states have outlawed fracking for no good reason.
Billions probably trillions in energy resources squandered.
The idiot most responsible for oil production cuts on the futures market is the diaper soiler child groping pedo in chief.
And take a bigger gas can, Brandon!
There are a lot of keyword retards around these days.
I’m ok with that. Much pain will be required to detach insane voters from insane democrats.
A more appropriate word other than
squandered (wasted), would be untapped.
It’s there for the taking, but hasn’t
been squandered yet. (selling off our
oil reserves).
*
Up to a 1,000,000 barrels a day + price cap on Russian oil, etc. will lead to a huge reduction in supply. Indeed, buckle up, at least for the West/US/UK/EU/Germany/NATO. The US could easily get out of it by drilling, etc., but we all know that is not going to happen.
Donnie predicted $10 gas. It appears he may be right. It’s $7 in Nevada county, CA.
They always do
Gas prices plunging here in FL, filled up on that $2.74 gal deal today
They’re just name calling children.
The Viking Kitties should return.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.
