And ... here we go. Blame OPEC for high prices. Start the propaganda campaign.
We didn’t need OPEC when Trump was president 🤪
Senile Joe has strangled domestic production and stopped the pipeline from Canada.
He put us back at their mercy.
The only person keeping a lid on oil production is Biden.
BS...
This is all on Biden.
After everything Creepy Joe has done to the Saudis, he asks them for help.
Why? Because they know they got Biden. Plain and simple.
Biden won’t open or encourage US drilling. US drilling will basically collapse, so Biden just handed a renewal on the Mid-East oil cartel. The Saudis and just about everyone else will now make a killing as the supply goes down and the price sky rockets.
The question is, is this intentional on the part of Biden to “necessarily see prices skyrocket”.
“Saudi Arabia keeps lid on oil output as US gas prices rise”
Dementia Joe needs to beg OPEC harder ...
“Washington [Commie ‘Rats]” are totally stupid to take these positions.
I miss President Trump and Energy Independence.
Gasoline could very well hit $4.50, diesel $5.00 by summer. I’ve always said that there are 2 surefire ways to get someone’s immediate attention. Threaten his family or get in his wallet on a regular basis. Energy prices do the latter. The electric bill and gas bill comes every month. You put gas or diesel in your vehicle every few days. You actually see the dollars add up on the pump and you’re going, WTF!
I’ve always contended that if we did away with income tax withholding from paychecks and sent a bill to each wage earner every month for which he had to set down and write an actual check there would be hell to pay.
Joe Biden is making Oil Companies rich.
Weird how that works.
Get ready biden voters. This what you voted for
The article leaves out some important things.
Saudi Arabia’s break-even price for oil was around $105 the last time a I saw an article on that. That what it takes to pay for their welfare state, the thousands in the Royal Family, etc. They have no incentive to lower prices.
Some other OPEC countries can’t even make those small production increases that Biden thinks are too low. They didn’t invest in exploration over the last 4-5 years, and they can’t produce more oil now or in the next-3-5 years. They are coming up about 300,000 barrels a day short.
Under Trump we produced 22-23mm barrels of oil a day.
Under Biden we are producing 19mm barrels a day.
Some big green investors won’t invest in oil now, hurting exploration and future production.
Hi. We’re screwed, unless we are energy investors.