Can You Spell Shafted Joe? OPEC Can

1. 82

   Sharlee01posted 2 years ago

   
   
   Do the math Joe! Biden announced today he will pour 10 million barrels of oil out of our already drastically low oil reserves. Today OPEC announced they will be cutting 2 million barrels a DAY. 
   
   It is clear Biden, in my view< is trying to keep oil prices down until after the Nov elections.   How long will Americans sit by and watch this inept man and his inept administration destroy America?   
   
   "Biden to release 10M more barrels from Strategic Petroleum Reserve in November in wake of OPEC+ cuts   Strategic Petroleum Reserve release will be in addition to 180M barrels released since April.   His decision was announced just hours after the Organization of the Petroleum Exporting Countries (OPEC+) said it would cut oil production by 2 million barrels a day.
   
   The White House condemned the OPEC+ decision and said in a joint statement released by National Security Advisor Jake Sullivan and NEC Director Brian Deese 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."
   
   The pair said lower and middle-class nations around the globe will be hit the hardest by the drop in oil supplies in the market. "   https://www.foxbusiness.com/politics/bi … -opec-cuts
   
   Not sure if Biden or his administration have realized --- Joe, they got ya over a barrel...
   
   The cuts will restore the oil market for top producers like Saudi Arabia and Russia but are also expected to drive up costs at the pump globally.
   
   OPEC+ to cut oil production by 2 million barrels per day to shore up prices, defying U.S. pressure ---   https://www.cnbc.com/2022/10/05/oil-ope … rices.html
   
   WSJ --   "Less than two years into his presidency, President Biden has released more oil from the nation’s Strategic Petroleum Reserve than all previous presidents combined. To date, Mr. Biden has allowed over 200 million barrels to be withdrawn—more than 30% of the total reserve he inherited, intended to be used in case of urgent need. The SPR is at its lowest level since 1984 when U.S. oil consumption was considerably less and the reserve was initially being stocked. Mr. Biden’s rapid depletion of the SPR is a national-security risk."   https://www.wsj.com/articles/bidens-ame … 1663881235

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   1. 84

      Kathryn L Hillposted 2 years agoin reply to this

      Today OPEC announced they will be cutting 2 million barrels a DAY.
      
      How come?
      "The production of two million a day less will restore the oil *market* the (buying and selling to whom?) for ... Saudi Arabia and Russia."
      Huh?
      
      
      https://www.opec.org/opec_web/en/about_us/24.htm
      
      "Biden to release 10M more barrels from Strategic Petroleum Reserve in November in wake of OPEC+ cuts   Strategic Petroleum Reserve release will be in addition to 180M barrels released since April.
      
      We let him do whatever.
      King Biden.
      
      ...  who we all hail, apparently.

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      1. 82

         Sharlee01posted 2 years agoin reply to this

         "Today OPEC announced they will be cutting 2 million barrels a DAY.
         
         How come?"
         
         To drive up prices Biden tried to lower them by dumping out our reserves.
         And to run the Democrats out of office. They want to end all the "new green deal" Stuff Biden has pushed. Who do you think will win?
         
         Many Americans will find it impossible to live due to the higher gas prices along with food and utilities. Biden has done himself in, in my opinion... He is a dead duck.

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2. 84

   Kathryn L Hillposted 2 years ago

   "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."
   
   He is disappointed
   but he should be SHOCKED and FRIGHTENED about what he did by
   
   1. Causing energy DEPENDENCE.
   2. DIMINISHING our oil reserve supply.
   
   The repercussions are absolutely dismal.

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3. 71

   Ken Burgessposted 2 years ago

   The reasons are not the green new deal.
   
   The reasons are the attack on Nord Stream, the constant "democracy building" of America, in general it is a power struggle.
   
   Biden isn't working with them, so they aren't working with him.
   
   You can't be punching a person in the face with one hand and expect them to shake your other hand and be friends.

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   1. 82

      Sharlee01posted 2 years agoin reply to this

      Makes sense, although I do feel the oil companies as well as OPEC see a very clear picture of destruction if they don't push Biden out, and turn the government over to a party that will be doing away with much of Bidens Green Deal. 
      
      Yes, I am very sure they are pissed off about the destruction of Nord Stream and are showing Biden they have the upper hand.
      
      Let's face it our companies could dig Biden out and pump more, but they are not going to shoot themselves in the foot, and neither is OPEC.
      
      Both need to crush the Green deal to keep their coffers overflowing.
      
      I mean they can see Biden is on the ropes, he is emptying our reserves, and they literally know the US will refill those reserves by paying four times over what Trump paid to top them off.
      
      He now is begging Venezuela, being part of OPEC I don't think they will sell Joe oil. China is Venezuela's biggest customer. So not sure they need the US to make oil cash.

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