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re: Oil Price Article: Why OPEC+ Didn’t Respond To U.S. Calls For More Oil

Posted on 12/29/21 at 11:19 am to
Posted by jennyjones
New Orleans Saints Fan
Member since Apr 2006
9366 posts
Posted on 12/29/21 at 11:19 am to
quote:

‘For some reason,” the official said, “The U.S. is not asking its own shale oil companies to boost production, which has fallen considerably over the last two years. On the contrary, they are deliberately reducing their production. I believe there is a certain contradiction in these actions.”

U.S. President Joe Biden called on OPEC+ repeatedly to boost production by more than 400,000 bpd because prices at the pump were becoming too high for American drivers. When the calls failed to produce a response, Biden blamed OPEC+ for hurting poor working American families. This failed to work, too, which is when the Biden administration announced a release of up to 50 million barrels from the strategic petroleum reserve.


Imagine doing everything you can to destroy domestic production in the name of "green energy" while begging enemy countries to boost their oil production. Let's go Brandon
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