The Saudi Council of Ministers has officially approved the proposal to join Shanghai Cooperation Organisation (SCO). 🇸🇦 🇨🇳 🇷🇺 🇮🇳
pic.twitter.com/UFu7d7uttj
— Ebrahim Hashem 李思瑞 إبراهيم هاشم (@EbrahimHashem) March 29, 2023
Posted on 04/03/2023 5:50:24 PM PDT by SeekAndFind
As I observed earlier regarding the new report that the Chinese spy balloon was in fact able to collect intelligence from several sensitive military locations as it slowly rolled over the US and send it back to Beijing: If Joe Biden was compromised, he wouldn’t be behaving any differently than he’s behaving now with how much he’s been hurting this country.
Biden’s attacks on our energy independence, have emboldened our adversaries around the world, including China and Russia, and he’s seriously damaged our relationship with other nations like Saudi Arabia. His disastrous policies are unraveling and bringing even worse results.
Saudi Arabia and other major oil producers on Sunday announced surprise cuts totaling up to 1.15 million barrels per day from May until the end of the year, a move that could raise prices worldwide.
Higher oil prices would help fill Russian President Vladimir Putin’s coffers as his country wages war on Ukraine and force Americans and others to pay even more at the pump amid worldwide inflation.
It was also likely to further strain ties with the United States, which has called on Saudi Arabia and other allies to increase production as it tries to bring prices down and squeeze Russia’s finances.
The production cuts alone could push U.S. gasoline prices up by roughly 26 cents per gallon, in addition to the usual increase that comes when refineries change the gasoline blend during the summer driving season, said Kevin Book, managing director of Clearview Energy Partners LLC. The Energy Department calculates the seasonal increase at an average of 32 cents per gallon, Book said.
So with an average U.S. price now at roughly $3.50 per gallon of regular, according to AAA, that could mean gasoline over $4 per gallon during the summer.
Saudi Arabia made the biggest cut, cutting 500,000 barrels. That’s on top of the cut in October that infuriated the Biden administration, after they went begging to the Saudis hat-in-hand, despite previously calling the Saudis a “pariah nation.”
So we can see how much that’s going to hurt us in the pocketbook, particularly because Joe Biden has attacked our energy independence and has made us more vulnerable to such actions regarding oil. He’s also reduced our reserve supplies to help the Democrats’ political agenda in the midterm. Now if there’s a big problem, we’re also in a potential bind there and if he wanted to replace it, it’s more expensive now.
Remember when he tried to claim credit for bringing the prices down? That was after driving them up astronomically. Are they going to take responsibility for prices going back up again?
But it gets worse than that. It’s not just that Saudi Arabia is cutting production and that’s going to hurt us. It’s that the Saudis and others are moving more toward China and entering troublesome alliances, for example looking to join BRICS, which would bring them closer to China and Russia. They just joined another Chinese bloc.
The Saudi Council of Ministers has officially approved the proposal to join Shanghai Cooperation Organisation (SCO). 🇸🇦 🇨🇳 🇷🇺 🇮🇳
pic.twitter.com/UFu7d7uttj— Ebrahim Hashem 李思瑞 إبراهيم هاشم (@EbrahimHashem) March 29, 2023
Some are predicting it could tank our dollar in the process. That would make the inflation that we think has been crushing us now potentially move in the direction of “Venezuela-level” bad.
US Dollar has enjoyed a reserve currency status for the last 100 years which enabled them to export inflation by printing money for all nations of the world to trade in.
If Saudi Arabia, Iran, Russia and other countries start to trade oil in Yuan, then pic.twitter.com/FCEipTybJo…
— 🌋🌋 Deep₿lueCrypto 🌋🌋 (@DeepBlueCrypto) March 27, 2023
Even France is jumping on board this wagon, making an LNG deal in yuan.
China 🇨🇳 & France 🇫🇷 complete their first Yuan settled energy trade on LNG.
A sign of things to come where the east dominates, the west subsides.
pic.twitter.com/dPULsSQHrH— 🌋🌋 Deep₿lueCrypto 🌋🌋 (@DeepBlueCrypto) March 29, 2023
So what has been Joe Biden’s response to all this? He’s completely deluded. Come on, man! Why don’t you listen to my 4 decades of being wrong on everything? This is what he had to say with all this moving around him — that he’s the one building alliances, they aren’t, despite all the facts right in his face.
Biden says that "we vastly exaggerate" the closeness of China and Russia and then creepily whispers "they haven't yet" given each other weapons. pic.twitter.com/OvA0n64Ph1
— Greg Price (@greg_price11) March 24, 2023
The alliances forming are going completely over his head.
Meanwhile, China isn’t sleeping and is doing all it can. “Changes” are coming after 100 years, Xi told Vladimir Putin.
"Changes are coming that have not happened for 100 years. And we are promoting these changes together. Where we are united, now there is peace," says Xi Jinping, saying goodbye to Putin.
Whatever he meant, it doesn’t bode well for the United States. pic.twitter.com/ffHGMkg1vB
— Mike (@Doranimated) March 21, 2023
With Biden at the switch, we have all kinds of reasons to worry.
Seems like the Saudis and Iranians and Russians, are being directed by the Chinese now.
The Chinese are less evil than the Biden Administration.
Well being aligned with the US is a losing proposition.
First Post
Russia Ukraine War: Japan Ditches The West for Russian Oil
4/3/23
And purchasing in rubles.
Independent Sentinel
[56] ountries Look to De-Dollarize, Breaking from the “Demons in Davos”
4/2/23
India is pretty impressive right now, tbh.
Maybe he can send John F’in Kerry and Pete Buttplug in for the rescue.
Nah.
Screw America is his motto.
Darn, and at long last they finally dropped all the way down to 4.15 per gallon in Reno
Glad I just bought the ex-wife’s 30mpg Ford Focus. Figured it will pay for itself by the end of the year but it might by Fall.
Biden said it won’t be a bad as you think it will. Biden needs high oil prices for the IRA triggers. Low oil prices keeps folks using fossil fuels. Brandon doesn’t want that
Nah, not a slap to Biden . This is the dream of Obama and the Deep State. Joe is just a puppet. The left certainly knows how to advance their agenda while the right just rolls over. It has always been that way. Ugh
For using a Chinese username, you sure don’t know much about China.
Quick! Quick! What else of ours can Joe sell to China to continue manipulating oil market prices and keep gasoline costs artificially down?!
Meanwhile, the US continues to export record amounts of its energy.
He is not going to replentish it.
A little tidbit I heard on a conservative show last week (Maybe Savage, maybe Klavan) and it’s an important one.
Have you noticed how the gas prices just rose a tad but nothing like the experts predicted back in the fall, until now as you pointed out. They were predicting $4-5 average regular unleaded by Christmas. There was a reason why.
Not only has Biden not been replenishing the strategic Petro reserve, he never even stopped withdrawing from it.
That’s why it didn’t fall significantly.
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