[Right_Wing_Madman]

Democraps LOVE Big Oil.

Except Big Oil hates Democrats. The Saudis and Arabs despise Biden so much, they're willing to limit oil supply in 2024, and reduce their own revenues, to make his re-election tougher.

[kabar]

The Saudis reduced their production by one million bbls a day thru the end of the year and the Russians reduced their production by 300,000 bbls a day. They are the two largest oil exporters in the world.

When you reduce supply, the price per bbl goes up. The Saudis and Russians don’t lose much revenue, if at all.