Opec cutting oil by 2 million a day

[happy-go_vol]

https://www.cnbc.com/2022/10/05/oil...duction-cuts-in-a-bid-to-shore-up-prices.html

If only we had the ways to produce our own oil... ohhh wait

 

[rekinhavoc]

https://www.cnbc.com/2022/10/05/oil...duction-cuts-in-a-bid-to-shore-up-prices.html

If only we had the ways to produce our own oil... ohhh wait

Putin and the prince: fears in west as Russia and Saudi Arabia deepen ties

 

[happy-go_vol]

Putin and the prince: fears in west as Russia and Saudi Arabia deepen ties

 

[Jxn Vol]

Great job Joe. Or whoever his babysitter is.

 

[Rasputin_Vol]

https://www.cnbc.com/2022/10/05/oil...duction-cuts-in-a-bid-to-shore-up-prices.html

If only we had the ways to produce our own oil... ohhh wait

Well, at least we got Syria occupied so that we can steal some from them.

 

[Rasputin_Vol]

Putin and the prince: fears in west as Russia and Saudi Arabia deepen ties

If we really need to import from these other regions, what would be the problem with just trying diplomacy for a change? I'm no fan of the KSA, but obviously, the people we have in office now can't even get a MbS to pick up a phone call. Maybe some humility at this point might need to be considered also.

 

[Carl Pickens]

Biden is a DDD
Biden to release 10M more barrels from Strategic Petroleum Reserve in November in wake of OPEC+ cuts

 

[Freiwillige]

Maybe Biden will invade the KSA to try to get their oil.

He will send Kamala to advise the military about how to further their "social justice" efforts.

An October surprise.

 

[VolStrom]

https://www.cnbc.com/2022/10/05/oil...duction-cuts-in-a-bid-to-shore-up-prices.html

If only we had the ways to produce our own oil... ohhh wait

All I know is that I'm going to vote Democratic from now on because they're looking out for my wallet by trying to reduce gasoline prices

 

[hog88]

All I know is that I'm going to vote Democratic from now on because they're looking out for my wallet by trying to reduce gasoline prices

Same here. After the last 2 years the Dems have proven to be the best at looking out for me.

 

[landscapingvol]

We have the oil industry right where we want them! We just have to impose a proposed reduction cap at 500,000 barrels. That should give us plenty of time to install 10 million more charging stations and build 10-15 more nuclear power plants. They can't dictate their business practices to us. We dictate their business practices to them.

 

[508mikey]

The MSM continues to be trash

 

[Rasputin_Vol]

The MSM continues to be trash

What they do now?

 

[rekinhavoc]

Biden is a DDD
Biden to release 10M more barrels from Strategic Petroleum Reserve in November in wake of OPEC+ cuts

A whopping 5 days of OPEC+ production relief. Fine math skills Joe. Who you selling it to?

 

[508mikey]

What they do now?

Promoting higher gas prices Seems they love spreading this kind of garbage

 

[Carl Pickens]

A whopping 5 days of OPEC+ production relief. Fine math skills Joe. Who you selling it to?

He’s such a desperate dumbass dip

 

[Carl Pickens]

All I know is that I'm going to vote Democratic from now on because they're looking out for my wallet by trying to reduce gasoline prices

Being forced to buy EVs will do that

 

[C-south]

He’s such a desperate dumbass dip

Hey! “Nobody f**** with a Biden”.

 

[BreatheUT]

Biden Administration foreign policy:
*ruined relationships,
*fomenting instability,
*pandering,
*lost respect

 

[C-south]

Biden Administration foreign policy:
*ruined relationships,
*fomenting instability,
*pandering,
*lost respect

But “equity”

 

[85SugarVol]

Who is writing these absolute gems coming out of the WH?

The White House said in a statement that Biden was “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.”

 

[BreatheUT]

Who is writing these absolute gems coming out of the WH?

Who knows which sea lions in the administrative state are creating these historically bad talking points.

 

[LargeOrange1]

He’s such a desperate dumbass dip

You misspelled "D!c. k. He. ad".

 

[508mikey]

Who is writing these absolute gems coming out of the WH?

Buttigieg

 

[Rasputin_Vol]

Biden Blasts "Short-Sighted" OPEC+ Cut, Blames US Energy Firms For Surging Pump Prices | ZeroHedge

Watch out MbS... looks like the US is threatening to bring some freedom and democracy your way.

And WTF is an anti-trust bill going to do against OPEC+? Sanction them? Put someone in jail? WTF?



"Higher oil prices, if driven by sizeable production cuts, would likely irritate the Biden administration ahead of US midterm elections," Citi strategists wrote in a note.

Citi strategists appear correct: CNN obtained some of the draft talking points circulated by the White House to the Treasury Department this week and called the prospect of a production cut a "total disaster" and "hostile act."

"There could be further political reactions from the US, including additional releases of strategic stocks," the strategists added. They said the Biden administration could also push forward with an anti-trust bill targeting OPEC.