Posted on 04/02/2023 7:49:19 PM PDT by 11th_VA
Oil prices have surged after several of the world's largest oil exporters announced surprise cuts in production.
The price of Brent Crude oil jumped by more than $5 a barrel, or 7%, to above $85 as trading began.
The increase came after Saudi Arabia, Iraq and several Gulf states said on Sunday they were cutting output by more than one million barrels a day.
Oil prices soared when Russia invaded Ukraine, but are now back at levels seen before the conflict began...
(Excerpt) Read more at bbc.com ...
Surprises which are “unexpected” strikes again!
I think this decade will be known as the “unexpected” decade by the “experts”, while those that have been paying attention will be saying “I knew this was coming”.
And worse?
President Pervert Sniffer drained our strategic petroleum reserves... Nice that the idiot WOKE fools running our military didn’t see this one coming either.
What a country - government from hell.
“The increase came after Saudi Arabia, Iraq and several Gulf states said on Sunday they were cutting output by more than one million barrels a day.”
Sounds like the Shakes running the Middle East are also PUTIN PUPPETS, as Putin is the BIG WINNER here, with the price of oil soaring.
High gas prices.
That should please the idiot Dems who were unfazed the first time. Remember, Dems, all the food and the retail items in stores plus Rxs go higher when gas goes up. And Amazon trucks and the delivery vans use gas.
More likely Biden is being paid by the Saudis to keep US oil production low.
“..those are not mutually exclusive.”
A cut in oil production ramps oil prices, helping Russia. Whether this is a move to induce the US to turn up the charm with KSA or is an actual secular shift in loyalties is TBD. It also helps Iran. The outright enemies of ours and our iffy pals of the world are enjoying testing and toying with Biden.
And:
Saudi Arabia plans to enrich uranium for nuclear fuel
https://freerepublic.com/focus/f-news/4122626/posts
“The kingdom intends to utilize its national uranium resources, including in joint ventures with willing partners in accordance with international commitments and transparency standards,” Abdulaziz bin Salman said during the Future Minerals Forum in Riyadh on 11 January.
The Saudi official also said that the process would involve “the entire nuclear fuel cycle which involves the production of yellowcake, low enriched uranium and the manufacturing of nuclear fuel both for our national use and of course for export.”
I have never heard of Saudi Arabia Having any uranium resources. Not even a gram. Have you?
I guess that means no summer blend again. If people opened their mind instead of being fed regurgitated news, we would have a shot.
No worries.. republicans across the country are passing the Uniform Commerce Code, which will give us a lifestyle like China and Japan 40 years ago.
The Biden administration proving once again that they belong in the kiddy pool of international politics.
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