OPEC+ Agrees To Biggest Oil Production Cut Since Start Of Pandemic

The 2 Million barrels per day cut, by the Russia-led allies, will likely push up already high prices, and generate the cash Russia needs to continue its war.

This could undermine the G7 group's plan to cap the price of Russian oil.

Know thy enemy, and to those who have been asleep, with no understanding of global markets, the answer is not for the US to continue betting the future on oil, but to put the pedal to the metal, in search of a faster transition to renewable energy.

Let them drink their oil.

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PTCdresser57 · 61-69, M

I read that President Biden is considering pushing for no exports out of US. Would help lower prices

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PTCdresser57 · 61-69, M

I agree Ynotisay.

Northwest · M

@Ynotisay OPEC already decided, they met on Wednesday in Vienna and the decision is made.

I just wish more in the U.S. took the time to see what other nations pay at the pump. We're doing very well in comparison.

Over the summer, I was paying $9+ per gallon in Europe. People over there, drive smaller, more energy efficient cars.

Northwest · M

@PTCdresser57 Worse. Car makers are complicit. If you look at the trends, since the late 70s, you will see the cycles of cheap gas, followed by higher SUV production, then followed by smaller cars when gas is higher. When do we learn? I mean some of us learned, but...

Carla · 61-69, F

It's bidens fault.
Or the Ukrainians. If they would have just bent over, we wouldn't be in this mess.

And pushing for renewables is a great plan.
A great plan that half the country believes unnecessary and impossible.

Stay tuned for morons screaming about gas prices again.

Northwest · M

@Carla

Stay tuned for morons screaming about gas prices again.

Watch Fox news. That's all they talk about.

Carla · 61-69, F

@Northwest i haven't in some time. It makes my head hurt and my stomach turn.
Far be it from them to advocate for fuel saving ideas. I remember the shortages of the seventies. People changed their habits, their autos, their thermostats.
Not now.

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