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SVTPerformance's Chain of Restaurants
Road Side Pub
OPEC+ surprise cut
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<blockquote data-quote="Klaus" data-source="post: 16898552" data-attributes="member: 190070"><p>This is how dumb the Biden admin is. </p><p></p><p>He runs on turning Saudi into a pariah state after the koshiggi murder. He used these exact words in the debates. </p><p></p><p>This weaponized OPEC production quotas. He effectively declared war on Saudi which runs OPEC. They clapped back. </p><p></p><p>He then went totally nuts over Russia Ukraine. No end in sight. Russia is the 2nd largest oil producer. They are still selling oil through intermediaries, it just costs more. </p><p></p><p>They are also the + in OPEC+. Shit for brains does not understand what a "cartel" is. </p><p></p><p>He then goes to war with domestic producers. Simultaneously disallowing permits to drill while attempting to demonize producers for not drilling. </p><p></p><p>In the meantime he has drawn down the SPR for political purposes. The SPR is mostly symbolic but still. </p><p></p><p>He had the opportunity to fill the SPR at 70 and passed. Schmuck. </p><p></p><p>This incensed OPEC so they cut production as a big fat middle finger. They ****ing hate biden for his pariah comments. Hate hate hate. </p><p></p><p>Guess what? Production cuts are inflationary. Massively so. Another way to think about OPEC is as a central bank. And they have as much influence as the fed does. </p><p></p><p>So you have banks blowing up in America and europe because of rate hikes. The fed had an excuse to pause because inflation is cooling. </p><p></p><p>Now they don't have the excuse anymore. </p><p></p><p>Inflation just got a second wind. </p><p></p><p>So biden the ****ing retard just kicked our banking system in the nuts because he such a moron that he can't fill the SPR at 70. </p><p></p><p>Un. ****ing. believable.</p></blockquote><p></p>
[QUOTE="Klaus, post: 16898552, member: 190070"] This is how dumb the Biden admin is. He runs on turning Saudi into a pariah state after the koshiggi murder. He used these exact words in the debates. This weaponized OPEC production quotas. He effectively declared war on Saudi which runs OPEC. They clapped back. He then went totally nuts over Russia Ukraine. No end in sight. Russia is the 2nd largest oil producer. They are still selling oil through intermediaries, it just costs more. They are also the + in OPEC+. Shit for brains does not understand what a "cartel" is. He then goes to war with domestic producers. Simultaneously disallowing permits to drill while attempting to demonize producers for not drilling. In the meantime he has drawn down the SPR for political purposes. The SPR is mostly symbolic but still. He had the opportunity to fill the SPR at 70 and passed. Schmuck. This incensed OPEC so they cut production as a big fat middle finger. They ****ing hate biden for his pariah comments. Hate hate hate. Guess what? Production cuts are inflationary. Massively so. Another way to think about OPEC is as a central bank. And they have as much influence as the fed does. So you have banks blowing up in America and europe because of rate hikes. The fed had an excuse to pause because inflation is cooling. Now they don't have the excuse anymore. Inflation just got a second wind. So biden the ****ing retard just kicked our banking system in the nuts because he such a moron that he can't fill the SPR at 70. Un. ****ing. believable. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
OPEC+ surprise cut
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