Joseph McMonigle of the International Energy Forum says “a lot of people think the gap between supply and demand is all OPEC or OPEC+ but half of that is still from U.S. producers.”
There’s a ‘false calm’ about oil markets, says International Energy Forum’s secretary-general
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But ursula said Price cap with reduce prices?!
I believe ursula than u because she is a woman!
Are you sure Ursula is a woman? Where is her pronounce?
It’s that leather dress doing your talking for you.
@Michael Do pronoun bro.
Ursula has failed at every job she has had. She said it is now time to put a price cap on gas which immediately sent the gas price up 30%. Goldman Sachs said the price cap on oil will send prices soaring. The buyer doesn’t set the price unless there is an over supply or they have an agreement between all buyers, which at this stage they haven’t got.
If you continue to tell oil companies they’re going to be phased out then why would they increase production. They’ll gouge until the very end.
Like telling russia we dont want you oil after next year, and suprise when they cut the gas. Lol 😂
If I we’re Russia, I’m gonna burn that oil in the north pole lol
Paper market v physical market. Which one matters more?
Well paper does burn.. for a moment.
On Bidens first day in office he shut down the Keystone pipeline putting some 30 plus thousand Americans out of work. Then he gave Putin his pipeline. That gave Putin the money and the oil he needed to invade Ukraine! Ask the Ukrainians how that’s going for them. Then ask Biden how much it’s costing the US citizens! Next, he shut down the border wall putting another 20 plus thousand Americans out of work! Now we have record illegal immigration that is costing WE THE PEOPLE another fortune. in dollars and lives! Over 100,000 AMericans have died because of drug overdoses from fentanyl alone due to our open border! Over 1,200 immigrants have died and that’s just the ones on our side of the border! Biden has single handedly made the cartels, the Taliban, China and Russia richer and more powerful than ever and they are ALL our enemies!!! His policies have given us record gas prices, record inflation, record crime and record illegal immigrants just to name a few. ANYONE who votes BLUE is voting against AMERICA! PERIOD!!!
They are running out of oil so beware?
2022 the year Europe joined the Third World.
The profits that Oil Company prices seem to have provided recently for Producers, as well as the Investors who share in the winnings, seems adequate to support lower prices till the Holiday events are over?
Now get back to work while they crank the prices back up once again……
Boy. Biden sure milking the working class areoles dry
Opec+ Russia just announced oil output cut enjoy biden
Nothing more annoying than a Democrat interviewer trying to lead the answer
We use energy as a weapon too… let’s not forget that. And the dollar.
That “journo” is full of it: driving the stupid “Putin weaponizing energy” agenda! The answer was to the point though: it is the G7 with their “price cap” delusion that are weaponizing the whole issue and making things much worse for everybody! A bunch of evil clowns!
Nationalize all industries which pose a security concern, including the oil companies, and produce what people actually need. This will solve the crises of overproduction and insufficiency.
@os tg lol your response once again proving your ignorance. You don’t know anything about the oil industry or Gazprom. You are merely parroting childish talking points like a good little Soviet. Western capitalism has lifted more people out of poverty than any other economic system in human history. You couldn’t even comprehend the level of poverty the world had prior to modern day capitalism. Venezuela has done exactly as you proposed putting bureaucrats in charge of industries and it has been a complete and utter disaster.
Lol, like in Venezula? That worked really well, Hahahhahahaba.
@Josh I’m intelligent enough to know that I’ve read what you just wrote before. Name calling aside, the number of times a statement is repeated doesn’t affect its validity. So, please, tell another big lie. Even the IEF secretary in the video admitted they weren’t producing enough in order to drive up prices. My suggestion was that if they can’t regulate themselves responsibly and address the needs of the society in which they operate, then maybe they shouldn’t have the legal right to.
The Communist’s now in leadership In the US went to War with the Oil Industry
The WEST has got to pay attention to some hard facts. These sanctions has lost its bite. If Iran can by pass these Sanctions, Russians sure will as more and more countries are buying their oil and products. Don’t forget, that the Chinese, Indians and a handful of African and Latin American economies are in the game to establish Western Sanctions Proof currencies and ways to trade. Seems to me that the world is finally willing to stand up to the Western Imperialism and injustice.
It’s ok for the west to use energy as a weapon but not ok for Russia I am sick of this level of hypocrisy.
why so shiny
THE IEF – Conveniently headquartered in Riyadh, Saudi Arabia 😏
America thinks that the World must obey.
Here in California things are getting worse..
Hunger and crime and homeless is getting worse..
White House and EU have done a very stupid thing by announcing CAP Russian oil price to avg OPEC+ price, starts Jan 2023, thus to further sanction Russia. Well, OPEC+ now have to raise their price ASAP and as much as possible, before 2022 year ends. So as they don’t have to compete with capped Russian oil price in 2023, by raising the base price in 2022. The US Strategic oil reserve sales will end in March 2023, putting more upward pressure to OPEC+ prices.
We may see $150/ barrel in Jan 2023, thanks to Biden and EU, idiots are in charge here in the US and in Europe. 😠😡
And how has ended?… Well, on resume. The OPEC+ humiliated Biden. Long story short, the OPEC+ said to Biden and the g7 request a huge F.O. well, that’s all these fkg yanks deserve, and this is just the beginning….
You morons did this to yourself
These woke green Nazi Democrats are doing everything they can to DEPOPULATE THE PLANET!.
Doesn’t know what he is talking about