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OPEC+ to consider oil cut of over than 1 million barrels per day
Reuters ^ | 10/2/22

Posted on 10/02/2022 5:18:50 PM PDT by EBH

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1 posted on 10/02/2022 5:18:50 PM PDT by EBH
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To: EBH

Trying to prop up petroleum prices, but this only works for a while. The global recession is going to drop demand anyway, and this is not going to help.

Opec has been here over and over. This is a very temporary measure.


2 posted on 10/02/2022 5:21:56 PM PDT by buwaya (Strategic imperatives )
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To: EBH

“Over than” 1 million?


3 posted on 10/02/2022 5:22:11 PM PDT by enumerated ( )
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To: EBH

The article confused me. Why are we asking another country to increase production of CO2 that is harming the planet? Biden should be thanking them for cutting production and saving the planet. As a side note, all democrats should go on record supporting the cut to global oil.


4 posted on 10/02/2022 5:23:43 PM PDT by EQAndyBuzz (DJT24)
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To: enumerated

that’s the title as displayed on Reuters


5 posted on 10/02/2022 5:24:13 PM PDT by EBH ( 1776-2021 May God Save Us.)
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To: EBH

We could really clean up if we had, like, an extra pipeline or something.

(No, I don’t actually sound like a valley girl. That was biting political sarcasm.)


6 posted on 10/02/2022 5:28:44 PM PDT by Gen.Blather (Wait! I said that out loud? )
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To: buwaya

Why do people see the demand drop as a positive? We know why demand is dropping and it’s not because of new technology.


7 posted on 10/02/2022 5:30:25 PM PDT by wiseprince (Me,)
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To: EBH
Nobody is more bullish on oil and gas than Joe 'The Oilman' Biden.


8 posted on 10/02/2022 5:32:29 PM PDT by Theoria
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To: EBH
Watch petroleum prices shoot up over the next few days.

.

9 posted on 10/02/2022 5:32:58 PM PDT by R_Kangel ("A nation of sheep will beget a nation ruled by wolves")
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To: Gen.Blather

Fer sure!


10 posted on 10/02/2022 5:33:06 PM PDT by Mark (Celebrities... is there anything they do not know? Homer Simpson)
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To: EBH

The Muslim countries of Northern Africa, the Middle East, Central, South and Southeast Asia are in control of about 41% of the world’s crude oil production.


11 posted on 10/02/2022 5:41:36 PM PDT by FarCenter
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To: R_Kangel

>>Watch petroleum prices shoot up over the next few days.

Watch Biden continue to drain the Strategic Petroleum Reserve.


12 posted on 10/02/2022 5:44:07 PM PDT by FarCenter
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To: wiseprince

The demand drop is actually a marker for poverty. Not a good thing.

The silver lining is cheaper fuel, that will in time, stimulate demand and hence, in general, reduce poverty.


13 posted on 10/02/2022 5:50:31 PM PDT by buwaya (Strategic imperatives )
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To: EBH

to be replaced by oil from the SPR... right???


14 posted on 10/02/2022 5:56:25 PM PDT by Chode (there is no fall back position, there's no rally point, there is no LZ... we're on our own. #FJB)
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To: EBH

Two years ago, we were Energy Independent.


15 posted on 10/02/2022 6:10:11 PM PDT by NorthMountain (... the right of the peopIe to keep and bear arms shall not be infringed)
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To: EQAndyBuzz
As a side note, all democrats should perform seppuku.
16 posted on 10/02/2022 6:10:52 PM PDT by NorthMountain (... the right of the peopIe to keep and bear arms shall not be infringed)
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To: Theoria

So ... you’re saying it’s a good time to buy XOM?


17 posted on 10/02/2022 6:11:51 PM PDT by NorthMountain (... the right of the peopIe to keep and bear arms shall not be infringed)
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To: NorthMountain

That or xle if you can put with the drift.


18 posted on 10/02/2022 6:41:29 PM PDT by Theoria
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To: EBH

meanwhile, gas prices are back up at $7.19


19 posted on 10/02/2022 6:41:42 PM PDT by faithhopecharity (“Politicians are not born. They're excreted.” Marcus Tillius Cicero (106 to 43 BCE))
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To: Theoria

So how much profit is that PER GALLON?

Just to put things in perspective.


20 posted on 10/02/2022 6:47:18 PM PDT by House Atreides (I’m now ULTRA-MAGA-PRO-MAX)
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