Posted on 10/06/2022 7:47:34 AM PDT by MNDude
Gas prices that are already ticking back up again might increase another 10% or more following a move by the Organization of the Petroleum Exporting Countries and its allies to cut oil production by 2 million barrels a day.
The Biden administration — which has put a high priority on bringing gas prices down ahead of the 2022 midterm elections — was quick to lash out at OPEC’s decision. As the WaPo reported, administration officials have pressured OPEC leader Saudi Arabia to produce more oil to compensate for the global shortage caused by Russia’s invasion of Ukraine. President Biden himself even visited Saudi leaders during a trip to Jiddah.
“The President is disappointed by the shortsighted decision by OPEC Plus to cut production quotas while the global economy is dealing with the continued negative impact of Putin’s invasion of Ukraine,” U.S. national security adviser Jake Sullivan and National Economic Council Director Brian Deese said in a joint statement.
The White House does have a couple of options to help offset OPEC’s move. One is to tap into the U.S.’s strategic petroleum reserve, which it has already done this year. Another is to lobby hard for passage of the No Oil Producing and Exporting Cartels bill, which would penalize other oil-producing countries by opening them up to antitrust suits.
(Excerpt) Read more at s.yimg.com ...
.14 overnight here in Mobile, AL.
Gas tax has been suspended in FL, but I’m not sure that some stations didn’t just mark gas up to make up the difference. Some stations seem to have prices that haven’t changed.
Prices going up is good news if it helps hurt the Democrats in November.
“Back up to $6.50 a gallon for diesel here.”
Are you driving less as a result?
Biden’s answer to the oil supply problem he brought on is we don’t need more oil. We need more government subsidized Solyndras. Isn’t that what most of the infrastructure spending orgy bill was all about?
price was $3.11 2 days ago here on east coast of Fla. Stuart Area.
Throw in some loyalth pts at 7/11 and I paid 3.08
This mis-administration is trying to buy oil from Venezuela now....which is some of the dirtiest oil in the world..the extra refining costs will definitely make it $10/gal by Christmas>>>> It has high Sulphur content and i think only a few refineries can process it.
I know. Should have added /s, I guess.
You are in a cheap area, good for you. The average price in the USA right now is $3.80. People paying over $4.00 have a local problem, not an OPEC problem!
The production level is set for now and should stay stable.
The only way to lower the price now is to consume less of the product.
Ah, no worries!
I don’t have the option of driving less for my business. But I have definitely not taken the usual 2 RV road trips I use to do every year.
Which translates to .50 or .75...
I am disappointed by the shortsighted decisions by the Biden Administration.
Gas prices have already gone up 10%.
Let’s call it cost push inflation. The world will be happy with that.
For America?
The obamian strangle hold on America persists, purposefully and intentionally.
No energy means no economy. Nor fuel for defence.
His war on Americans continues
“But I have definitely not taken the usual 2 RV road trips I use to do every year.”
Thanks, so you have adjusted consumption downward. I think some others are also, and others are avoiding increasing their driving. WTI oil price is 88.24 at this moment. Industry estimate for 12/31/2022 is $92, a 4% increase.
On a closely related subject, there is this:
CO2 IS PLANT FOOD!
More CO2 = more plants
More PLANTS = more FOOD
MORE FOOD = MORE HUMANS
Except for THEM, THEIR FAMILIES & FRIENDS, the elites/globalists want earth’s population reduced to UNDER 2 BILLION humans, most of whom would be allowed to live in order to serve THEM.
Why would those responsible propagate and perpetuate this fraud? Perhaps because like a herd of sheep, moved this way and that by a barking sheepdog, a frightened population, ignorant of the FACTS or SCIENCE, is more easily herded to some desired destination. In our case, that destination is a New World Order CORRAL constructed by globalist oligarchs hellbent on creating the compliant & subservient population required to serve THEM & THEIR needs.
But they have a problem: Too many of us are still not in the abattoir corral but milling around near the gate.
After Reagan bankrupted the USSR and European communism became less of a threat (not to worry, as it has been replaced by our homegrown version in the Democrats), a meeting of Western elites at Iron Mountain, Michigan wrestled with the problem of with what to replace communism as a means to frighten the citizens of the West and so resume their herding into the corral. GLOBAL WARMING (now CLIMATE CHANGE) won the coin toss.
BOTTOM LINE: The “global warming” SCAM – perpetuated by the pseudoscience grant money whores – is all about making the “ELITES” lives as comfortable as possible by eliminating competition for the resources they, due to their SUPERIOR BREEDING & STATUS, view as THEIRS.
CO2 is PLANT FOOD!
CONSPIRACY? YOU BET YOUR ASS!
On a closely related subject, there is this:
CO2 IS PLANT FOOD!
More CO2 = more plants
More PLANTS = more FOOD
MORE FOOD = MORE HUMANS
Except for THEM, THEIR FAMILIES & FRIENDS, the elites/globalists want earth’s population reduced to UNDER 2 BILLION humans, most of whom would be allowed to live in order to serve THEM.
Why would those responsible propagate and perpetuate this fraud? Perhaps because like a herd of sheep, moved this way and that by a barking sheepdog, a frightened population, ignorant of the FACTS or SCIENCE, is more easily herded to some desired destination. In our case, that destination is a New World Order CORRAL constructed by globalist oligarchs hellbent on creating the compliant & subservient population required to serve THEM & THEIR needs.
But they have a problem: Too many of us are still not in the abattoir corral but milling around near the gate.
After Reagan bankrupted the USSR and European communism became less of a threat (not to worry, as it has been replaced by our homegrown version in the Democrats), a meeting of Western elites at Iron Mountain, Michigan wrestled with the problem of with what to replace communism as a means to frighten the citizens of the West and so resume their herding into the corral. GLOBAL WARMING (now CLIMATE CHANGE) won the coin toss.
BOTTOM LINE: The “global warming” SCAM – perpetuated by the pseudoscience grant money whores – is all about making the “ELITES” lives as comfortable as possible by eliminating competition for the resources they, due to their SUPERIOR BREEDING & STATUS, view as THEIRS.
CO2 is PLANT FOOD!
CONSPIRACY? YOU BET YOUR ASS!
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