Article

2023-07-04 Economy

Saudi Arabia, Russia to extend cut in oil production of one million barrels a day

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Posted by Fred 2023-07-04 00:00|| || Front Page|| [8 views ] Top

#1 Well, they (OPEC+) did this some months ago, West Texas crude went to over $80, then pulled back to below $70/bbl.

And some people don't think we are in a recession.

Posted by DooDahMan 2023-07-04 04:34|| 2023-07-04 04:34|| Front Page Top

#2 /\ Yes, demand is receding.

Posted by Besoeker 2023-07-04 04:54|| 2023-07-04 04:54|| Front Page Top

#3 ...When the goons at OPEC made their last price hike, it jumped to about $3.19/gal before fading back to $2.83 this morning.

Mike

Mike

Posted by Mike Kozlowski 2023-07-04 06:24|| 2023-07-04 06:24|| Front Page Top

#4 If the Biden Administration wasn't doing everything it can to crush US domestic oil exploration, drilling, and refining, the US wouldn't have to rely on "goons". One of the first things Biden did after getting sworn in was scrap the Keystone XL project with Canada.

Besides, the US is getting a dose of its own medicine, and I'd bet not many tears are being shed around the world.

Posted by DooDahMan 2023-07-04 08:21|| 2023-07-04 08:21|| Front Page Top

#5 Don't forget that Biden's 'emissaries' then started dictating to the Saudi's.

I don't know the term for 'FU' or 'FOAD' in Arabic, but please insert that here.

Posted by Mullah Richard 2023-07-04 08:32|| 2023-07-04 08:32|| Front Page Top

21:09 DooDahMan
21:08 swksvolFF
21:06 DooDahMan
20:56 Super Hose
20:52 Frank G
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19:09 Mercutio
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18:54 Super Hose
18:53 Super Hose
18:52 swksvolFF
18:21 NN2N1
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