Oil rig sunset

Biden v. OPEC …

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.

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oil rig prices

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.

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oil rig prices

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

oil rig prices

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.

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Jesse Watters Wikipedia

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

Biden falling up the stairs to Air Force One Youtube screenshot

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

Oil rig sunset

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

Sleepy Joe Biden sitting

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”.

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Post it humor brandon oil prices

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.

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putin- Pixaby

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.

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Light Bulb raul-varzar-L-CShKAuZsg-unsplash

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.

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Sleepy Joe Biden sitting

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

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