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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 1:58 pm to evil cockroach
Posted on 12/29/21 at 1:58 pm to evil cockroach
quote:
I doubt OPEC will even consider a production increase until oil hits $100 again
There are some MAJOR construction projects going on in OPEC nations (2030 initiatives etc.) including Egypt pouring money into an under construction ”new” capital city,
New Cairo
and Saudi Arabia’s “linear” city (80 miles long with no cars...a environmental Nazis wet dream).
The Saudi linear city
As such, they want the price of oil to climb (a lot).
This post was edited on 12/29/21 at 2:03 pm
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