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2022-10-06 International-UN-NGOs
OPEC agrees to cut oil output by 2M barrels per day starting from November
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Posted by Fred 2022-10-06 00:00|| || Front Page|| [11129 views ]  Top

#1 “But … muh OIL PRICE CAP!”
Posted by Janet Smellen 2022-10-06 00:15||   2022-10-06 00:15|| Front Page Top

#2 That could easily be made up by ourselves except for the evil that now prevails in the District.

Green is the enemy of civilization and humanity.
Posted by Procopius2k 2022-10-06 07:24||   2022-10-06 07:24|| Front Page Top

#3 US oil industry MOCKS Biden after OPEC announced production cuts: Energy groups say administration now has no choice but to come 'crawling back' to domestic producers
Posted by Skidmark 2022-10-06 08:42||   2022-10-06 08:42|| Front Page Top

#4 Whatever choice Biden makes after this I guarantee will be the wrong one.
Posted by DarthVader 2022-10-06 08:43||   2022-10-06 08:43|| Front Page Top

#5 well, if oil prices do go over, say, $100/barrel again there will be a temptation by OPEC producers to cheat on their production quotas.
Posted by Lord Garth 2022-10-06 08:47||   2022-10-06 08:47|| Front Page Top

#6 Biden FINALLY takes action to boost domestic oil by releasing 10 million barrels Strategic Petroleum Reserve: Tells companies to help bring down prices at the pump and threatens export curbs after OPEC slash
Posted by Skidmark 2022-10-06 08:58||   2022-10-06 08:58|| Front Page Top

#7 
Posted by Skidmark 2022-10-06 08:59||   2022-10-06 08:59|| Front Page Top

#8 Most of the cuts will come from Russia. They can't move the oil produced even at $30/barrel discount they are selling to India and China. Prewar, the Russian government tariff on oil exports was $52/barrel. Less than half of oil income is now coming into the Russian treasury.

Old man winter and lack of western spare parts will make sure Russia takes the full 2M barrel cut and more.
Posted by Snash Shairt9621 2022-10-06 09:12||   2022-10-06 09:12|| Front Page Top

#9 releasing 10 million barrels Strategic Petroleum Reserve

Dumb. It only pisses off the Saudis while the US doesn't have an emergency. Biden is already in the doghouse with them and only motivates them to decrease production on the sly.
Posted by Snash Shairt9621 2022-10-06 09:15||   2022-10-06 09:15|| Front Page Top

#10 groups say Biden has no choice but to come crawling back to domestic producers

What a ridiculous headline. Of course Biden has a choice: he can and will continue to be stupid.

The man and his cabinet are zealous fools. These are the people who came up with the retarded notion of an “oil price cap.”

These are the same people who say men can get pregnant, who jab themselves with a useless heave therapy that actually caused them to fall sick — and then they said they were glad they did so.

These are the lunatics who are pushing the world toward nuclear war.

Of course they have a choice, and they will choose to double and triple down on their foolish obsessions, all the way until we’re left staggering through the smoldering ruins.
Posted by Jinegum Lumplump9619 2022-10-06 09:30||   2022-10-06 09:30|| Front Page Top

#11 Biden's handlers are the same Obama retreads who were bragging about wanting to raise gas prices to $8/gallon. They almost succeeded in California. The best thing citizens can do is punish the Democrats severely on November 8.
Posted by Snash Shairt9621 2022-10-06 09:36||   2022-10-06 09:36|| Front Page Top

#12 Oil prices haven't moved. WTI and Brent up 0.3%. Murban (Abu Dhabi) down 0.3%.
Posted by Snash Shairt9621 2022-10-06 10:22||   2022-10-06 10:22|| Front Page Top

#13 Light crude is doing better as it is always more in demand.
Posted by Snash Shairt9621 2022-10-06 10:25||   2022-10-06 10:25|| Front Page Top

#14 Trump and DeSantes should make a declaration that they find OPECs reduction to be hostile to the United States people and OPEC can expect future governments of the United States to remember.

Such a statement might get them to change their policy and might isolate them from charges that they influenced OPEC to hurt Biden (as Reagan was accused during Iran hostage crisis).
Posted by ruprecht 2022-10-06 11:08||   2022-10-06 11:08|| Front Page Top

#15 The olde Blame Energy Companies and Businesses So Nobody Looks At Government Policies gag.
Posted by swksvolFF 2022-10-06 11:22||   2022-10-06 11:22|| Front Page Top

#16 Local gas stations have raised their prices 30 cents a gallon since Tuesday.
Posted by Rambler in Virginia  2022-10-06 11:24||   2022-10-06 11:24|| Front Page Top

#17 ^ There's no way flailing over gas prices will save the dems now. 4 weeks out.
Posted by M. Murcek 2022-10-06 11:27||   2022-10-06 11:27|| Front Page Top

#18 The part about working closer and closer to a shooting war is the time to dump the SPR for......an equivalent of 5 days respite.

A respite which isn't because there is no plan for day 6+. Just dumping SPR to be refilled at a later, more expensive date, driving down supply during that period (especially for an emergency fill) and prices up. More.

Good work DC. It's all Phil the Gas Station Manager's fault then.
Posted by swksvolFF 2022-10-06 12:31||   2022-10-06 12:31|| Front Page Top

#19 As I said yesterday, the sure seems like the Saudi's are voting Republican in the Mid-Terms!
Posted by NoMoreBS 2022-10-06 14:01||   2022-10-06 14:01|| Front Page Top

#20 You, Sire, are a murderous figure of a contemptible cadre of conspirators who deserve nothing less than us arming and funding your declared enemies until you are rotting in a crow's cage. Don't fuck with me.

PS - please send oil

XOXOXO
Biden
Posted by swksvolFF 2022-10-06 14:33||   2022-10-06 14:33|| Front Page Top

#21 My one conundrum is how we can get Trump, DeSantis, and Cruz to work TOGETHER to drain the swamp and save the country.
Posted by AlanC 2022-10-06 15:40||   2022-10-06 15:40|| Front Page Top

#22 I've always liked the suggestion that: DeSantis as Prez, Trump elected to Speaker by Repub House, Cruz as AG.
Posted by Rex Mundi 2022-10-06 15:48||   2022-10-06 15:48|| Front Page Top

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