Here Comes Pain – OPEC+ Makes Surprise Oil Production Cut Announcement, The Global Cleaving Continues

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Here Comes Pain – OPEC+ Makes Surprise Oil Production Cut Announcement, The Global Cleaving Continues​

Despite the fact the Western Alliance have created the policy that will deliver pain to their citizens, not a single government leader will look at this move as a bad thing.

The pain will not be felt by the elites, it will only hit the citizenry. Lowered oil production outputs that drive up gasoline prices and fuel inflationary drivers, expedite the Build Back Better narrative and objective.

However, that said, in context to this announcement, a pain that will hit the Western economies of the alliance represented in yellow, the last 18 months of moves by Mexico makes President Andres Manuel Lopez-Obrador look remarkably prescient. The new strategic relationships and trade partnerships between China, Russia, Iran, Saudi Arabia, India and beyond, take on an added geopolitical dimension.

DUBAI, April 2 (Reuters) – Saudi Arabia and other OPEC+ oil producers on Sunday announced further oil output cuts of around 1.16 million barrels per day, in a surprise move that analysts said would cause an immediate rise in prices and the United States called inadvisable.

The pledges bring the total volume of cuts by OPEC+, which groups the Organization of the Petroleum Exporting Countries with Russia and other allies, to 3.66 million bpd according to Reuters calculations, equal to 3.7% of global demand.

Sunday’s development comes a day before a virtual meeting of an OPEC+ ministerial panel, which includes Saudi Arabia and Russia, and which had been expected to stick to 2 million bpd of cuts already in place until the end of 2023.
theconservativetreehouse.com

Here Comes Pain - OPEC+ Makes Surprise Oil Production Cut Announcement, The Global Cleaving Continues - The Last Refuge

Despite the fact the Western Alliance have created the policy that will deliver pain to their citizens, not a single government leader will look at this move as a bad thing. The pain will not be felt by the elites, it will only hit the citizenry. Lowered oil production outputs that drive up...
theconservativetreehouse.com theconservativetreehouse.com
 
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From the comments section posted above

Maquis
April 2, 2023 5:11 pm


Reply to Belle
The value of the dollar is supported by the need of countries to have dollars to purchase oil, so they must buy dollars or sell goods in exchange for dollars.
Soon enough none will need to buy dollars, crashing the value of our dollars, and the desirability of trade with the US will be reduced as the need for dollars becomes a non-factor in the global market.
Our schemers are fully aware of this and are freely inviting the chaos to come.
 
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Saudis to cut oil production by 500,000 barrels per day​

The move will also likely 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.

www.nbcnews.com

Saudis to cut oil production by 500,000 barrels per day

The move is also likely to further strain ties with the U.S., which has called on Saudi Arabia and other allies to increase production as it tries to bring prices down and squeeze Russia.
www.nbcnews.com www.nbcnews.com
 
Drinkthekoolaid

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There are some speculating that we unexpectedly hit peak oil without realizing it and it's requiring more and more energy to keep getting new oil out of the ground.
 
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Saudi Arabia-owned Aramco acquired full ownership of the largest U.S. oil refinery in 2017.

According to the U.S. Energy Information Administration (EIA), the oil refinery in Port Arthur, Texas is the largest in the U.S., as defined by barrels of crude oil processed per day.
This refinery is directly operated by a company called Motiva. Saudi Arabia owns Motiva and its refinery in Port Arthur through Saudi Aramco, commonly shortened to just Aramco, the EIA, Motiva and Saudi Aramco confirm.
The Saudi government has fully owned Aramco since 1980, according to the company’s history page.
www.verifythis.com

Yes, the Saudi government owns the largest oil refinery in the U.S.

Saudi Arabia-owned Aramco acquired full ownership of the largest U.S. oil refinery in 2017.
www.verifythis.com www.verifythis.com

there simply isn't sufficient evidence to show that the Trump Administration or Greg Abbott had any executive or final oversight on the sale of Port Arthur to Saudi Aramco.
www.newsweek.com

Fact Check: Did Trump admin sell largest U.S. oil refiner...

As the U.S. relationship with Saudi Arabia comes under scrutiny, some have accused Donald Trump of handing strategic assets to the Middle Eastern energy giant.
www.newsweek.com www.newsweek.com
 
kev74

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This is a bold strategy for the commie-dems a year and a half before a presidential election.

Unless they're planning to burn the place to the ground before then, killing the dollar and making food and fuel unaffordable isn't a winning plan.
 
spat

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kev74 said:
This is a bold strategy for the commie-dems a year and a half before a presidential election.

Unless they're planning to burn the place to the ground before then, killing the dollar and making food and fuel unaffordable isn't a winning plan.
Click to expand...
Unless they have a reason not to worry about the election results....
 
meketrefe

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livingston said:
View attachment 195883
Click to expand...
They have so much debt with us that their interest alone is larger than their entire defense budget.
Japan however is not going to drink the EU /Biden communist cool aid and look for alternatives including a strong nuclear program.
Their red hydrogen is also part of that 30 year plan.

Did you know that toyota is the only company in the world with a 100 year plan? What they planned 50 years ago today is a reality.
 
meketrefe

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Opec might be getting ready to ditch the Petro dollar.
......
Build Back Better. ..... maybe Joe didnt hear the IRS well and it was Bill Bucks Better.
 
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