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OPEC+ agrees deep oil production cuts, Biden calls it shortsighted (I know it’s Trumps Fault)
Oct 5, 2022 20:59:37   #
soba1 Loc: Somewhere In So Ca
 
https://www.reuters.com/business/energy/opec-heads-deep-supply-cuts-clash-with-us-2022-10-04/

https://www.cnn.com/2022/10/04/politics/white-house-lobby-opec-oil-production-cuts-gasoline-prices-midterms

Vid as well
https://youtu.be/b4bITs1U4DM

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Oct 8, 2022 03:38:21   #
Harry0 Loc: Gardena, Cal
 
Fool
The wholesale price of oil has not changed since Obama,
Neither has the amount nor the availability the Saudi's have,
As the US and other countries actually use less they can sell less at the same income level.
And have more product left for their future. Very Conservative.
Not like Kalifornia, where the lack of competition led to a captive consumer base
and the laws of "real" supply and demand were violated.
And "conservative" means feeding "yacht money" via "trickle down".*

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Oct 8, 2022 08:50:44   #
SteveR Loc: Michigan
 
Harry0 wrote:
Fool
The wholesale price of oil has not changed since Obama,
Neither has the amount nor the availability the Saudi's have,
As the US and other countries actually use less they can sell less at the same income level.
And have more product left for their future. Very Conservative.
Not like Kalifornia, where the lack of competition led to a captive consumer base
and the laws of "real" supply and demand were violated.
And "conservative" means feeding "yacht money" via "trickle down".*
Fool br The wholesale price of oil has not change... (show quote)


Future, Harry? The future is electric, don't you know?

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Oct 8, 2022 16:38:04   #
soba1 Loc: Somewhere In So Ca
 
Harry0 wrote:
Fool
The wholesale price of oil has not changed since Obama,
Neither has the amount nor the availability the Saudi's have,
As the US and other countries actually use less they can sell less at the same income level.
And have more product left for their future. Very Conservative.
Not like Kalifornia, where the lack of competition led to a captive consumer base
and the laws of "real" supply and demand were violated.
And "conservative" means feeding "yacht money" via "trickle down".*
Fool br The wholesale price of oil has not change... (show quote)


Conservative short for conserve it could mean to protect something precious such as right and wrong accountability freedom morality safety. That’s why I consider myself a conservative. Besides there are so called liberals that own yachts. It’s the 1% against the rest of us. Don’t get it twisted.

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