As if prices aren’t high enough already, OPEC (Organization of Petroleum Exporting Countries) announced at its annual meeting that they will continue current production cuts (5.8 million barrels per day total) through September, thereafter to 3.66 million barrels daily.
Articles tagged as
Oil
War, Oil, Inflation, And Global Economy
War is no longer a battle between two foes while the world watches for the outcome, especially when the struggle involves countries in the Middle East. With Joe Biden putting the American petroleum industry in chains, the Middle East has regained prominence as the region supplying the majority of oil to much of the world.
The Oil-Price Shock Is a Direct Consequence of Interventionism.
Oil prices are soaring, and, as always, we read in many articles that OPEC and Russia are to blame. However, if OPEC and its allies were almighty and the drivers of oil prices, why have Brent and West Texas Intermediate (WTI) crude plummeted in 2022? OPEC only reacts to demand, but it is not a price-setter. It is a price-taker. WTI … Read more
Why the Establishment Can’t Solve the Trump “Problem”
This week at the Republican Primary Debate, Nikki Haley referred to Donald Trump as the “most disliked politician in America”, apparently missing the irony of the moment given he didn’t attend the event because his popularity among the American voter is off the charts relative to her and the rest of the field.
It’s Another Biden Foreign Policy Success.
Both the U.S. government and OPEC are making price increase noises about crude oil. CNN and Morning Star Research are saying OPEC+ announced a cut in production of about 1.4 million barrels per day this week. The Saudi’s, by themselves, plan to cut 1 million barrels per day.
What If Big Oil Cut Off Places That Sue Them for Climate Compensation?
The climateer’s nuisance lawsuits against energy companies continue as woke activists get cities or counties to claim climate damages and then sue for compensation. The cases end up in court for years, but there may be a simpler, cheaper, less carbon-intensive solution.
Quick Thought: The BEST Moment of Biden’s State of the Union address (besides “Look It Up!”)
It couldn’t get any better than this: No, not JUST what Biden said, and not the totally dead-panned delivery either.
Firewood Prices Rise With Demand as Folks Look for Ways to Stay Warm
Nothing says “environmentalism” like an energy policy that encourages deforestation. With oil and gas prices rising or in short supply, folks are turning to firewood to keep warm. It’s been trending in Germany, and now Maine is wrestling with increased demand and insufficient supply.
Notable Quotes: Republicans have to Meet Biden Head-On
Actually, I thought this inspired rant by Jesse Watters was aimed more at the Democrat Wokesters that are ruining America – a blunderbuss of bits and pieces in showing how nutty their actions are: Republicans have to meet Biden head-on. If they’re being called extreme, this is what you do: Oh, you guys are calling … Read more
Joe Brought His Checkbook, Came Back Empty
There were low expectations and high apprehension about Joe Biden’s trip to the Middle East. Initially part of his recent European swing, but Biden’s handlers knew a ten-day trip was too challenging. The White House told us that this trip was an audible not to tire out the aging Biden. He first went to Israel, … Read more
Joe Biden Is An Agent Of The Chinese Government And Why
Tucker Carlson’s open from last night. He connects all the dots (that we presently have), and the resulting picture explains why over and over and over again, Biden pursues policies that weaken America and strengthen China.
How Do You Ask a Pariah for Help
Joe Biden took off this morning on Air Force One for a week-long trip to Saudi Arabia. Two things were evident as he climbed the steps. Hunter Biden was not along for the ride, so Joe would have to squeeze money from the Saudis himself, and Joe was going to a country to meet with … Read more
Reality Sucks If You’re Biden
Well, “President” Biden has, among other failings, created massive inflation and shortages of just about everything consumers want. High on this list is the cost of gas and oil which under President Trump gas was under $2.00 a gallon but now typically is $4.99.9. All in the Left’s endeavor to force us to “go green”.
High Gas Prices: It Is All Your Fault, Joe. Own It
The US is currently enjoying the highest gas prices in its history. Many reasons for this condition have been given. The Brandon administration’s termination of the Keystone pipeline, denying drilling permits on Federal lands, corporate greed of oil companies, and even the current war in Ukraine have all been cited.
Donkey Pox: President who Promised to Break US Domestic Energy Production Tries to Pick up the Pieces
On day one, the Bidenistas tipped over the domestic energy apple cart. In the weeks and months that followed, Democrats stomped on the apples because the Big Guy had promised to end fossil fuels, and end them, they would. They are having second thoughts.
Dependent On Russia
Hungary can’t ban Russian gas and oil because 85% of its natural gas and over 56% of its oil comes from Russia, making it the most dependent of the Euro nations on that source. All of Europe is at some level dependent on Russia, and there is no way around it. Unless of course, Biden unlocks American oil and gas production.
Impact Of Russia Ukraine War on The Energy Sector
The recovery of the global economy boosted global energy prices significantly in the second half of 2021 and early 2022. The Russian invasion of Ukraine triggered yet another sharp price hike, though prices have now fallen back to pre-invasion levels as key OPEC suppliers signaled that they would expand global supply.
“Democrat Leaders Are Not the Patriotic, Pro-American Worker Democrats of the Distant Past”
How rich, ignorant, and/or uncaring must people be to not realize that President Biden’s policies have been disastrous, especially for middle- and lower-income Americans? Today’s over 8% inflation means a family with a $60,000 income last year now needs an extra $5000 to maintain the same modest lifestyle. The gasoline price jump from $2.099, just … Read more
Russia Plows Ahead
So the Russian military continues the war in eastern Ukraine, inching slowly forward, while Putin forces Europe to continue to buy his oil. Russia has accused Ukraine prisoners of being Nazis and threatens to try them for war crimes. Pot calling the Kettle Black, it seems to me, especially with no specific “crimes” other than … Read more
Maggie Pretends to Buck Her Party with Gas Tax Holiday but Hassan Votes with Biden Almost 98% Of the Time
Maggie Hassan has new ads fouling up my television viewing experience. In them, she claims to be bucking her party by trying to push a federal gas tax holiday (with no chance of passing) because gas prices are too damn high.