It Begins: Oil Prices Surge After Surprise
Production Cuts by OPEC
Trending Politics,
by
Mark Steffen
Original Article
Posted By: Imright,
4/3/2023 12:21:53 PM
Oil prices in the U.S. and around the world spiked Monday on news of surprise production cuts by Middle East nations.
The Organization of the Petroleum Exporting Countries (OPEC), a consortium of the world’s largest oil-producing nations, made the announcement Sunday in a preemptive measure against what it perceived as a future slowdown in demand. U.S. oil prices surged to nearly $80 a barrel, the largest increase in almost a year.
Reply 1 - Posted by:
planetgeo 4/3/2023 12:28:13 PM (No. 1440034)
The person who should be indicted and arrested tomorrow is Joe Biden.
21 people like this.
Reply 2 - Posted by:
columba 4/3/2023 12:30:51 PM (No. 1440037)
When a nation rejects God, the nation crumbles.
12 people like this.
Reply 3 - Posted by:
LC Chihuahua 4/3/2023 12:35:26 PM (No. 1440041)
Only one car in the Chihuahua household. We make it work. It saves money.
At what point does an EV becomes more cost effective than a gasoline powered vehicle? No doubt that is what they are aiming for. Saving the planet and all that. God help us.
Anyone else get the impression the United States is painting itself into a corner?
11 people like this.
Reply 4 - Posted by:
Jethro bo 4/3/2023 12:54:38 PM (No. 1440054)
It was just such an action by OPEC in the 70s that triggered the greatest malaise and then recession at the time. Only Reagan pulled us out of it but not before Jimmah and his flying monkey Democrats ruin for many our youth. Now Let's Go Brandan is trying to destroy our 'Golden Years' and retirements. Democrats are pure evil. Just pure evil.
9 people like this.
Reply 5 - Posted by:
jalo1951 4/3/2023 12:59:40 PM (No. 1440062)
I'm tired and feeling beaten down today but will not submit because that is what FJB wants. America is a mess, it is his fault and the fault of his minions. But I will continue to prep, hang on to my money no matter how useless it is becoming (looking into precious metals), conserve my lifestyle, continue to believe that men are not women and women are not men (no matter what), and pedophilia is evil. Ordered lightbulbs yesterday that should fill out my purchases when Bush screwed us over bulbs. It is always something. They want to tell me what to eat and how to cook it. They want to tell me how I can heat my home, what car to drive and how I should be happy living in a 3rd world country. Dear, Lord. Please help us. No borders, no law and order, no faith. It will take decades to recover if we even can. But we must try. Take care of your own needs. There is no one to help you. And now FJB wants to F with Medicare after he said that it was the Republicans who wanted to. Inflation is bonkers and energy independence that was ours is now gone. When oil goes up everything goes up. The climate crisis is a crap show and 90% of our politicians are on the take. I know this is a rant but like I said feeling beat down today. Prayers for America.
13 people like this.
Reply 6 - Posted by:
Venturer 4/3/2023 1:31:10 PM (No. 1440076)
When the United States start allowing China to make peace deals with Iran and Saudi Arabia, Supplies arms to Russia's enemies and China, Russia, Iran, and the Saudi's are all becoming fast friends and on top of that we have a dingbat shutting down our oil companies , what else can be expected.
4 people like this.
Reply 7 - Posted by:
Dreadnought 4/3/2023 1:41:54 PM (No. 1440090)
This is Saudi oilfare and the target is the Biden administration.
4 people like this.
Reply 8 - Posted by:
snowoutlaw 4/3/2023 1:45:33 PM (No. 1440093)
They are just seeing the writing on the wall, demand is dropping due to the world wide economic slow down. They want to keep the prices up. Putin is a big part of it.
2 people like this.
Reply 9 - Posted by:
Nimby 4/3/2023 1:48:07 PM (No. 1440095)
USA is in doldrums and the demented-fool-in-chief is spending more taxpayers' hard earned tax dollars on foo-foo trips abroad
2 people like this.
Reply 10 - Posted by:
GoodDeal 4/3/2023 2:01:58 PM (No. 1440106)
This is no "surprise" at all. Since the US dollar has been abandoned as the petrodollar, we are in for financial disaster and rising fuel prices. get ready it's going to get very very ugly. All part of the UN Agenda 2030 to totally destroy the US economy and financial system, The Gret Reset is underway.
2 people like this.
We needn't worry. Corn Pop was a bad dude and look what happened to him.
3 people like this.
Reply 12 - Posted by:
bad-hair 4/3/2023 2:47:31 PM (No. 1440126)
Let me see.. The Saudis got friendly with China and cut their production by a bazillion barrels an hour. It's still in the ground so what. Joe's blanked out the US reserves and to restore them will be at the current Saudi price. Ten percent for the big guy once again. No worries January 2025 is rushing right up on us and we'll finally be rid of ....
1 person likes this.
Reply 13 - Posted by:
mifla 4/3/2023 3:23:51 PM (No. 1440157)
OPEC: Everyone is screwing over Biden because he is a fool.
Russia: Yeah, he is a idiot.
China: Hard to believe anyone can be this stupid.
Biden: Please pump more oil, my sheeple are made at me.
1 person likes this.
Reply 14 - Posted by:
watashiyo 4/3/2023 5:53:45 PM (No. 1440254)
OPEC got us by the ....you know where. And BiteMe Diaper's only focus is on chocolate chip ice cream and the little girls entering his space.
1 person likes this.
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