On Sunday, Saudi Arabia, joined by Russia and other OPEC+ oil producers, announced they are rolling out voluntary cuts to their oil production. As much as 1.15 million barrels per day will stop being produced, Reuters reported.
The oil cuts are expected to lead to higher gas prices in the United States.
The Saudis and OPEC+ said the oil production cuts are designed to support market stability. The move will dismay the Biden administration, especially considering this is the second output cut these countries have agreed to in the past year.
In October 2022, the OPEC coalition, led by the Saudis and Russians, announced 2 million barrels per day would be cut in production until November 2023.
The White House has called for lower prices for oil to stimulate the economy and also prevent Putin from profiting off of oil sales as the Russia/Ukraine conflict continues. Following the October 2022 cuts, President Joe Biden claimed Saudi Arabia would be facing “consequences.”
Democrat members of Congress also echoed a call for the U.S. to freeze cooperation with Saudi Arabia. Despite the oil cuts, Saudi Arabia has denied explicitly supporting Russia in their Ukraine conflict. However, this move brings the Saudis into a closer alliance with Moscow.
No Red Wave Occurred Because Of Fraudulently Rigging all important elections in key areas. Like they always do. Soros Crooked Voting Machines Dominion. Mail In Ballots. Paid Off Election Bandits. Biden blatantly lying to Americans about Student Loan Forgiveness and Codifying Roe V Wade
Tricking millions of young brainwashed fools. Democrats will be the deaths of us all.
Just look at the planet destruction and deaths they have caused in barely over 2 years. PSYCHOPATHS THEY ALL ARE!!
Keep voting for the Devil dumbasses and die with everyone else.
The planet destruction and deaths are a direct result of the prior administration.
I am pretty sure you are the brainwashed one.
Someone should shove an oil pipeline up Biden’s ass!!!