Starting the OPEC/Joe Biden Price Hike

Thanks to Joe Biden's Green New Deal energy policies, the American people will get hurt financially. This morning, OPEC+ "agreed to slash two million barrels of oil a day, delegates said, in a move likely to push up already-high global energy prices and help oil-exporting Russia pay for its war in Ukraine." This major price hike "came less than three months after President Biden visited Saudi Arabia, OPEC's de facto leader, in a bid to repair relations between the world's biggest oil consumer and its biggest crude-oil exporter during a period of rising inflation driven in part by high energy prices."

Joe Biden's policies put the U.S. in this position. It didn't have to be this way. Right now, the U.S. is producing 11,800,000 BPD. Right before the pandemic, the U.S. produced 13,000,000 BPD. OPEC did this because it could. Like so many other things, Joe Biden eliminated Trump policies that were working.

According to this article, "The OPEC+ alliance of oil-exporting countries on Wednesday decided to sharply cut production to support sagging oil prices, a move that could deal the struggling global economy another blow and raise politically sensitive pump prices for U.S. drivers just ahead of key national elections." IMO, this was an intentional slap in Joe Biden's face. During the 2020 campaign, Biden said he'd turn Saudi Arabia into a pariah. Then he cozied up to Iran, the Saudis' greatest enemy. As a result of Biden shooting his mouth off and his counterproductive policies, the middle class will soon pay more for gas. This segment is quite insightful:

This is significant:
The OPEC+ production cut will limit Russia’s loss of market share, said delegates, who acknowledged it represented an unprecedented effort by the world’s biggest oil producers to collectively help Russia with the political and economic problems caused by the war in Ukraine.

Still, participants said their interests would be well served by the decision by boosting the revenue their petrostates need.

The Saudis might well prefer Republicans in control over Democrats. It's noteworthy that then-President Reagan once replied to his strategy vis a vis the Soviets "Simple. We win. They lose." It's ironic that, today, Russia won while the U.S. lost.

Comments

Post a Comment

Popular posts from this blog

Tim Walz's Confederate Flag Fiasco

Image
After Minnesota's Democrats shoved the most controversial progressive legislation down Minnesotans' throats, gossip started popping up about Gov. Walz being interested in running for president . That's died off but Gov. Walz is still making headlines, this time for all the wrong reasons. First, Gov. Walz isn't the brightest bulb in the chandelier. Still, Gov. Walz is fighting against Minnesota's history. This Alpha News article quotes David Hann, the chairman of Minnesota's Republican Party, as saying " The flag the DFL has eliminated was a version of the historic flag our regiments fought under during the Civil War. Minnesota was the first state to offer troops to the Union cause in 1861 , beginning a long tradition of leading the nation in confronting injustice. The DFL quest to erase our history is repugnant and should be rejected." Gov. Walz, though, sees things differently. He's quoted as saying "Minnesota is a diverse state, it continue
Read more

What is Kamala Harris afraid of?

Image
Apparently, Kamala Harris suddenly loves debating. Let me rephrase that. Harris loves debating as long as the moderators are partisan hacks. She wants nothing to do with a debate moderated by Fox's Bret Baier and Martha MacCallum. She's afraid of Bret and Martha because a) they'll either fact-check both her and Trump or they won't fact-check either of them and b) Bret and Martha aren't afraid of asking follow-up questions. To a candidate whose answers are scripted and who isn't quick on her feet, the last thing you want is a follow-up question. Kamala fears follow-up questions like vampires hate wooden stakes, sunlight and holy water. Why has Kamala Harris avoided Fox News like the plague? The moderators/propagandists fact-checked Donald Trump aggressively but didn't fact-check Harris . Why didn't David Muir and Linsey Davis fact-check both candidates equally? Is it because Harris doesn't like fair fights? Perhaps she's just afraid of getting exp
Read more

Why is Joe Biden letting Hamas off the hook?

Image
It isn't disputable whether Joe Biden's administration is letting Hamas off the hook. That issue was settled months ago, when a spineless Joe Biden caved to activists interested in saving Hamas and thwarting the Israelis' attempt to defend themselves. Gerard Baker's op-ed highlights what's at stake for the U.S. if the terrorists are permitted to survive. In his op-ed, Baker wrote "If, under the pressure of internal Democratic politics and global public opinion, the Biden administration forces a 'cease-fire' that leaves our closest ally in the region short of victory over an enemy that seeks to destroy it, sooner or later we shall all pay the price." It's time to revisit George W. Bush's speech to a joint session of Congress on Sept. 20, 2001. It's required that we remind ourselves of one of its most important paragraphs. In talking about who committed the atrocities of 9/11, President Bush identified al-Qa'ida as "a collectio
Read more