Andy Lipow of Lipow Oil Associates says the cut “simply was quite paltry” and signals that the group is “going its own way.”
OPEC+ agreement to cut oil supply is a ‘political snub’ to Biden and the European Union: Consultancy
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They forgot to mention Russia is a member of OPEC+.
OPEC countries are trash, with a dysfunctional real politik era being reinstated by Russia and China, how long until the gulf states are colonized and turned into slaves? More cooperation among allies, decouple from those that haven’t earned trust and don’t waste resources on aid or investments in such places. Friendly democracies of NATO & G7 etc, have all the possibilities of the future in their grasp if they collaborate & mobilize in a rational manner.
Clearly, the OPEC is on the side of the +, not on the side of the Global West… I agree, this is just a message as 100.000 barrels more or less is not a big deal. But as a message is a powerful one.
FJB
That’s Why Bharat(India) Have to Buy Oil From Russia, We Cannot Afford this Political Chaos.
<<<<
@M Na ,,<<
@pradeep anandmurthy <<<<
@M Na <<<<
exactly. india is a superpower and this westerner need to realise that. we do not listen to you. (india GDP exceeded UK).
it s time for uk to bow to india!
“Cut Oil Supply”
Allow Iranian and Venezuelan oil back into the market. Thats an easy way to screw OPEC+ and bring down oil prices.
@billinsf88 <,<
@Russel DSouza <<~<
@billinsf88 <<<<
They are not as stupid as you think. After all these years of sanctions. A few more years is not going to kill them.
@LK TanIt is more about geo politics than being stupid. OPEC+ operates like a cartel.
I’m an Iranian and I can tell you that this has nothing to do with our nuke program.
If you want the oil, come buy the oil, if you don’t want it, don’t buy it then!
We are not Compromising on our nuke program to get the privilege of selling you oil!
It’s amazing the world hasn’t switched over to hydrogen cells. Everything could run off water. Energy materials are big business. Along with with pollution & climate change. Hydrogen cells would alleviate all those problems. Wild. Just greed. Pure greed.
Wishful thinking & day dreaming… It’s OK… Dream on😂🤣😀
😂😂😂😂 commercial scale hydrogen is produced from fossil fuel!!
More xperts please let some one that’s not education in the west they all tarnished with the same brush stupidity with egoes nothing comes out of there mouths is any good just makes us suffer shut the f up
Sanction the stuffs you need, decreasing supply and then telling the remaining suppliers you are not willing to pay a premium price – Shake your head.
JCOP will not go ahead because Israel & Saudi Arabia will tell Biden to let EU flounder.
Q – How will Iran fair ignoring USA sanctions and go BRICS?
Sanctions are a cruel weapon – the west is on the receiving end this time.
Why the west (nato) & europe wanted to have proxy war using ukraine as battle ground to begin with ??.what happen with renewable energy ??where are they ?.Arrogant ignorant,superiority race that is what stand to the common sense & reality.What russia did ,was defending their dignity & russia no longer need $$ & euro.Bravo europe for ur dumb,& ignorant of ur superiority race.Enjoy ur coming winter without russian gas & oil
Begging for Iranian oil now??… Lol. Why ban the Iranian oil in the first place?… Suckers.
OPEC+ and US oil are on the same page on this one. It’s so easy to have the media focus on OPEC+ profiteering leaving US oil out of the headlines as it suffers with massive profits.
Stop buying it
@Chris Webb //<
But they would only criticize OPEC for not reducing price while USA oil and gas industry gets a free pass, double standard Media and USA citizens as well as Europeans, there a saying in the part of the world I come from, first keep your AZZ clean than speak about other people to keep their AZZ clean….
Put price cap on american oil company, that should reduce 30 percent the price.
Ford too. I need a new truck. $20,000 sounds fair. But I want a lariat. What else should we price cap? Your house need a new roof?
@Jonathan Taylor /,,<
A price cap is a statement to all the OPEC countries that Europe can dictate and force other countries to do what the Europeans want, obviously the OPEC plus would retaliate….
Debts poverty private contractor sales
@WokeAF also USA oil producers are also not lowering their price also, why no information in the European media about this information also, see capitalists Europe ….
@M Na There is not much capitalism in europe when u speak about the energy market, it is regulated by the states, it is not a free market also when Greece was bankrupt it got bailed out by EU, u cant get more socialism than that, also u wont see shit like that with Sri Lanka for example.
@WokeAF Sri Lanka was bankrupt because of the IMF loans, you know that many countries debts are being capitalized by IMF and other banks in Europe, capitalism is Europe’s way of life, socialism is just for name sake, how many people are becoming poorer in Europe, I heard every year the homelessness increases , down goes socialism and up goes capitalism in Europe
@WokeAF my question again? Why your media in Europe not covering USA oil and gas companies not lowering prices also, why only targeting OPEC, lead by example, show some socialism, you call yourselves the free world, prove it by openly criticising USA oil and gas industries not lowering their oil and gas price….. don’t escape by diverting to other topics answer this question first??? always jumping to other topics to escape answering, child like
When the US and Europe were putting sanctions on Russia, you didn’t say is political, common sense
Shot themselves in the dick.
West needed this badly, atleast now somebody is showing the mirror.
Isn’t India dependent on Russia oil?
@AQuietNight India isn’t dependent on any one single supplier. If Persian and Venezuelan oil enters the OPEC market, then diversification would be much easy
@AQuietNight nope. We are opting for Russian oil because it’s cheap for now. If someone else provides cheaper oil we will purchase from them
@YOGESH KUMAR ALLUM I know that. India will sleep with who ever buys her dinner.
@AQuietNight While reality is America is ready to sleep with iran and Venezuela to fill her stomach🤣🤣🤣🤣🤣🤣
Well done I thought sanctions were meant to bring down Russia economy but it’s doing the opposite squeezing out the European economy, one would have thought these European leaders would have learnt their lessons by now and adjust but no they are still arrogantly plotting new Sanctions against Russia.
Good for Opec. Should have been done a few months earlier. That’s what the EU gets for pushing their NWO and WEF agendas upon us.
Oil cap sounds plundered similarly looting
Other than the rest of the G7 and a sprinkling of coerced the rest if the larger world have wizened up to the fact that the US and its Gang(G7) lack integrity, are corrupt, untrustworthy and unreliable. Why pay any attention to what they want joining them in creating even more chaos around the world?
The Greens are a problem as well.
They will prevail but not as soon as people think. See ya after 20 years.
What was the illegal suicidal sanctions on Russia then?
Germany laughing at Trump at the UN and the EU thinks price caps is going to work. Winter is coming and Russia will shut off oil. Keep on Laughing Germany
G7 oil caps, sanctions against Russia. What is the US and EU next move. To continue to tell the world what to do…
It is contra-intuition for OPEC++ to increase supply when it can demand higher prices from the EU and USA both of whom have created this oil crises from their own self-imposed sanctions, a blowback from the financial, economic and political sanctions placed on the great Russian Federation ❤️ 🇷🇺….. 🔥 🔥 🔥 🇺🇸 🇺🇸 🇺🇸 🇪🇺 🇪🇺 🇪🇺 🇬🇧 🇬🇧 🇬🇧
For the crazy green people on this feed with delusional green energy thoughts. Putin and Opec thank for huge profits. Revelation follows hunger and death
why would this be a political snub to Biden? Oil prices affect the world economies so is he not in fact saying that it’s a political snub to the world? what i hate is biased analysis, and he certainly seems to have that fault
and OPEC+ must remember, the higher the price of oil goes, the quicker world economies will transition to “green” sources for energy. OPEC+ is playing a game with the final outcome certain, a product whose demand will eventually go so low that the product is damn near worthless. The more they “snub” world economies, the more chances for their economy to falter in the future….
@Eric P Oil is hydrocarbons, water from the atmosphere and the carbon dust from the tails of comets drawn by gravity of the earth to mix and rain oil. Petro chemicals use 73% of all the oil and gas production now. Going 100% solar and all electric cars and a wind turbine on every hill will not affect the increase in the need for oil and gas, as research turns up new uses in the petrochemical industry everyday. In a 1000 years oil and gas will still be needed and still available.Furthermore there is not enough copper to make this transition to your idea of green, nor enough rare earths being mined either. You need to understand how these industries really work, the realities in the real world. Personally I support solar, EVs and hydro power, but never forget the need for crude oil. Fossil fuels are the rantings of an idiot with a PHD who’s ignorant theory spawned a million more PHD certificates on the walls of secondary education. The world used 40 million barrels a day, that’s a lot of dinosaur juice.
@Laban Donald Hock so what happens when we run out of fossil fuels? And minerals/metals can be mined in space.
@Eric P u mean free market is ” like i sanction u when u are better to me?”
The poor don’t give a damn.
imagine what would happen if the US gov’t INCREASED the credit for the purchase of an EV? What would a 3% or higher increase in the # of EV’s on the road do to the consumption of Oil?
😅🤣😂😂
You remind me when Nokia was worth 2,500 USD back in the day. It took nearly 20 years until the price came down to regular people. See you after 20 years!
@Bin Corleone I bet that 2500$ nokia still works, unlike today’s 50$ phone.
Cheaper doesn’t always mean more realizable.
@J B Absolutely true but let’s speak facts and be real, you want us regular people to pay 80k for a Tesla, come on. What you want me to do? Sell a kidney?
@Bin Corleone I want the expensive to stay expensive, and not paid for by the tax payer. Keep it expensive and there room for capitalism to work.
Biden I destroy Russian economy
Le Putin : 😅😅😅 in your dream
Don’t worry, we’ll just stop charging taxes before the mid-terms…
/,<
A world War is eminent. Joe biden has created so much turbulence through out the world with abuse of power. No country should bow down to him. 70% of Americans will vote against him.
/<
Stimulus-type direct payments would work better than price caps to offset increased energy prices. That’s because consumers would still see the real price and would have an incentive to conserve. Less affluent consumers would be subsidized by such payments, while more affluent consumers would repay the payments, and then some, as a result of increased taxes in future years. Thus, means testing is not necessary, which reduces the cost of administering the program.
<
Oh, so more inflation. How long did it take for you to come up with that idea Stephen Hawking
Not Biden an the EU but west ruling elite. This is the battle between west and east ruling elite, i am really curious who will win. Winner takes all.
<
please don’t snub our intelligent, energetic, cogent, and morally untouchable, president.
OPEC is a band of rogues who will sell beyond their allocations if possible. Their fastest growing markets are domestic, have no spare capacity and feeling the effects of Peak Oil.
OPEC will one day run out of oil, when that days comes, we will remember. Let’s push hydrogen gas and move away from big ooec oil. We have enough oil in North America to satisfy NATO if we also use hydrogen.
😂😂😂 keep dreaming….because all the western leaders are going green new deal and green woke energy so the oil and gas production in USA will start falling from 2023 onwards so….good luck with that
commercial scale hydrogen is made using fossil fuel
What does the US trade to. OPec? Adjust the price of those trades in retaliation…
MBS with Saudi Arabia is not lowering the price per barrel. He is building a 1 Trillion dollars city! Neom!!
When you have for the last 60 years long term Russian gas contract with cheap gas and you screwed it up 🙈🙈🙈
OPEC should stop to do business in dollar. They should start accepting other currencies in order to de-dollarisation of the world. All mighty USA must be brought down as too much power is the root cause of the present miseries.
Already begin.
It’s their oil and they can do whatever they want with it.
Stolen elections have consequences.
This move by OPEC+ is small and symbolic.
It is intended to let western leaders see that the rest of the world has had it with western control and manipulation.
The question is whether western leaders will get over their hubris or are they going to let their people suffer.
Let’s go Brandon
💯
It’s about time the US BIDEN world dictatorship gets destroyed for good!✌️🇷🇺✌️🇷🇺✌️🇷🇺✌️
Saudi will take the chance. It time to bring eu down
The price cap will be the final nail for Europe’s economy, what do these politicians have in their heads, thinking that controlling the market will solve problems? If there’s one thing the Russians and Chinese have learned, it’s that communism doesn’t work, it’s something the US should learn
Price caps don’t reduce demand but manipulating the future markets does.
Biden’s embarrassing foreign policy fails yet again
Pouring cold water oil price cap!!!
I was told last month by the entire media complex that Biden’s visit to the Middle East was a key political victory to help Americans save at the pump lol
Was that Larry King?
all these dumb sanctions and policies is going to destroy us.
2 quarterly loses = recession, we are @4.
When you tell the guy who is holding the merchandise to sell at what price he should sell is just dodo
If you still can’t feel the end game maybe you’re like, well, too white.
Time to let a few Iranian drones hit saudi and uae refineries.
None of this would be an issue if we transitioned to electric and renewable energy decades ago.
@Adam Bram Reality will catch up to you, its beginning
@Adam Bram sun doesn’t always shine and wind doesn’t always blow 🤣🤣
@King Henry No, really? Wow! Gosh, you’re smart.
@Adam Bram Can start using old ships but Europe has to be under water.
@Adam Bram 👍👍
Do not send our military there.
Let them fight themselves.
None of this would impact us if we still were self-sufficient in energy production like we were during Trump’s administration.
PS. Liberalism/”progressivism”/wokism/leftism, the DEMON-c-RAT Party and the DEMON-c-RAT Party’s lapdogs (aka mainstream media) are a terminal (moral, social, economic, political and, SPECIALLY, spiritual) cancer that will ultimately destroy this nation from within if not fought back, folks…
Russia & Putin has the US & its European Allies by their Marbles. Every time they try to exert sanctions on Oil or Price Caps all Putin needs to do is just squeeze those marbles & they squirm in pain.
Russia is slowly becoming a satellite state of China and when China squeezes
Russia’s marbles…
Biden snubs US oil producers. Saudi snubs Biden.
oil price cap? la la land
Biden is the game player…political weasel..🐀
So, not gunna manipulate the petrodollar to make it cheaper ? ROFL dangerous cause ppl might change to gold backed trade or petroyuan. 😂
Or roubles
From Russia with ❄️⛄❄️
Long freezing winter and expensive too.
In debts poverty private contractor sales privation political line short sighted oversight short European brought it on themselves
NATO Stolenberg coalition policy senership political foreign Washington state Ukrainian
The writing was on the wall with Brandon signed the executive orders on the oil industry in first week of office. It set off the go signal to be held hostage by China, Russia and the likes of the Saudi’s. It’s the simple, so if you voted for this you are directly responsible for taking away energy independence. It’s utterly crazy, so there’s obviously corruption involved on a grand scale.
OPEC is an enemy – just drop the bomb on them already.
At least their is one market the USA can’t manipulate at the moment well done Saudi Arabia.
Which devil to chose? This is what you get when you like Iran and snub Saudi. Thanks Biden and Kerry.
Fuck the USA and Europe
Fjb..fck woke facist Dems fck msm fck biased corrupt fbi…
Mad MAX 3 is in progress. I don’t care myself I’m old but the next 2 plus generations. Will live on the stone age & the global Industrialists will be broke. Their wealth will have no value.
Who listens to Biden anyway?? 😂
Oil price to Asia is 50 % of set price. The west should pay at 100 % of set price. This is call price cap.
What if opec makes another oil embargo or further production cut? I have no idea what the White House is talking about.
America & it’s EU puppets … “We will put into place a price cap on oil & gas!”
OPEC … “Go right ahead. We will reduce all production globally. Enjoy your empty threats & price caps.”
Welcome to the new world!