Posted on 10/05/2022 7:34:39 PM PDT by bitt
OPEC+ declared on Wednesday that it would cut oil production by 2 million barrels per day.
The White House on Wednesday denounced the organization of the Petroleum Exporting Countries (OPEC+) for "aligning with Russia" after the bloc announced it would cut oil production, contrary to President Joe Biden's urging.
"The President is disappointed by the shortsighted decision by OPEC+ to cut production quotas while the global economy is dealing with the continued negative impact of Putin’s invasion of Ukraine," National Security Advisor Jake Sullivan and National Economic Council Director Brian Deese said in a joint statement, per the Epoch Times.
OPEC+ declared on Wednesday that it would cut oil production by 2 million barrels per day, a move that has already sent global fuel prices soaring. The reduction came despite Biden's prior efforts to secure a deal for the bloc to boost production.
The president travelled to Saudi Arabia in July hoping to convince the kingdom to boost production, both to combat surging oil prices and to undercut the economic lifelines for Russia as Moscow continues to wage war in Ukraine. Biden failed to secure any deal and energy prices surged higher following his departure.
(Excerpt) Read more at justthenews.com ...
The president travelled to Saudi Arabia in July hoping to convince the kingdom to boost production, both to combat surging oil prices and to undercut the economic lifelines for Russia as Moscow continues to wage war in Ukraine. Biden failed to secure any deal and energy prices surged higher following his departure.
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The Saudis just did a rug pull on Biden as payback for saying he would make Saudia Arabia a pariah nation during the campaign.
Sauds are now Putin loving White Nationalists.
Incompetent fools. Did it ever occur to them that the + in OPEC+ is Russia? They are accusing Russia of aligning with itself?
Cranky old fool says a lot of things, but talk is cheap. He has no clue what to do.
This is what happens when no one in the world trusts Joe “10% for the Big Guy” Biden.
There is an easy answer. OPEC countries want high gas prices to increase the odds and margins of Republicans taking the House and Senate.
No one effs with a Biden...
The Sauds had better be careful, Biteme might blow up their oil fields too.
Just announce Keystone will be activated and US domestic oil and gas production will resume and all of this goes away.
The President is disappointed by the shortsighted decision by OPEC+ to cut production quotas.
Pssst Joey they did what you did dumb ass open our pipe line and wells oil is oil no matter where it comes from.
If Biden had any brains he would get busted for smuggling shit.
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