WH weighing pushback on OPEC decision

[PAL]

“I’m automatically attracted to beautiful — I just start kissing them. It’s like a magnet. Just kiss. I don’t even wait,” Trump said. “When you’re a star, they let you do it. You can do anything. Grab ’em by the pussy. You can do anything."
The Honorable Donald J. Trump

[dorankj]

“You’re a stupid son of a bi**h” Joe Biden

[Rideback]

To Mr. Coffee's point

https://www.youtube.com/watch?v=gG-DwlPtXEE

[mister_coffee]

The read I am getting right now is that this OPEC decision is a nothing burger.

Currently OPEC+ production is 2.8MM barrels under quota. So does a 2MM barrel quota reduction mean that they will be selling 2MM barrels less crude or 800,000 more barrels of crude? Kind of hard to say.

What I'm also hearing is that investors aren't enthusiastic about hydrocarbons and consider it a dead end. And in particular if you talk about developing resources in a poor country with questionable respect for property rights they aren't going to be interested at all. So I don't expect a lot of capital to be available for oil and gas development going forward, and what is available is going for development close to wealthy customers in North America, Europe, and Asia.

[just-jim]

.

Hey Ken….here’s where your $2 gas went, 2 and 1/2 years ago…..
.

[Rideback]

For sure and I hear conscriptors are happy to take people right off the street with no questions asked...

Dean Baker, chief economist weighed in to remind people that Trump was the one who negotiated with OPEC to get them to lower production when he was about to leave office and they have never returned to the lowered prices, why should they when oil companies are breaking all records for profits!?

https://cepr.net/high-gas-prices-are-do ... mps-fault/

[mister_coffee]

Maybe they should be true to themselves and emigrate to Russia. I hear they need people these days.

[Rideback]

End of Trump's era no one was driving, there was zero demand, OPEC couldn't find a market worldwide. Get a grip.

[dorankj]

$2 gas, dumba**! You stick with Biden.

[Rideback]

Says the guy who loved Trump's Covfefe and hamberders. The guy who couldn't hold a water glass, walk down a ramp or string together a coherent sentence even with a teleprompter, whose son in law got a $2 billion payoff from the Saudis and who embraced the Crown Prince of Saudi Arabia after said Prince was revealed to have ordered the dismemberment of Khasoggi.

I'll stick with Biden, thanks.

[dorankj]

OMG! Brandon can’t even make a sentence “happen”! He’s done nothing meaningful except given away our oil reserves and that makes us very vulnerable.

[Jingles]

Be interesting to see if Biden has America as his first priority or a foreign country? Well not really because his actions already show he doesn't give a rat's butt about the USA

[Rideback]

Yesterday this article come out, today OPEC has announced they're cutting back production (this includes Russia) by 2 million barrels to boost the price for consumers. So, it will be interesting to see if Biden can make this happen.

https://gcaptain.com/white-house-report ... f3b097f94b