In an Effort to Increase Prices, OPEC Has Confirmed Another Production Cut of 2 million Barrels of Crude Oil Per Day.
With US mid-term elections just a month away, the White House is losing its collective mind!
Oh, the memories! US energy independence less than 2 short years ago is still fresh in the minds of most people. The days of pulling into the gas station and filling up your ride to the tune of less than $2.00 per gallon are but a wet dream today. And although prices have gone down considerably over the past 100 days, they're still not even close to what they were under President Trump’s energy independence policies.
As prices continued to go up after Uncle Joe was sworn into office, the White House was in desperate need of a scapegoat to cover for their failed energy policies. Well, that scapegoat showed up over a year later, in February 2022, when Vladmir Putin's, Russian military invaded Ukraine. Who knew the price increases that Americans were suffering from were being caused by a regional, Euro-conflict that had not even started yet? Now the Biden regime had their scapegoat (albeit a weak one) and a catchy little phrase to go with it…the “Putin price hike.”
The regime demanded the slobbering, lapdog media, liberal pundits and anyone else who enjoys the taste of tyranny, get out there and market this “Putin price hike,” to the “stupid” American people! And once the regime realized the “stupid” American people weren’t buying the “Putin price hike,” they had to find someone else to blame, so they started attacking those greedy gas station owners. Yes folks, the small business owner, the backbone of the American economy are now the enemies of the American, petrol consumer. According to the Biden regime, all gas station owners were gouging the consumer, which led to the following statement from “the big guy” himself, DEMANDING that this small business segment, and its owners lower their prices at the pump.
“My message is simple … to the companies running gas stations and setting those prices at the pump: Bring down the prices you’re charging at the pump to reflect the cost you pay for the product. Do it now.”
In July of this year, Joe Biden went to Saudi Arabia to beg for more oil production, to which the Saudis responded “no.” The reality regarding all of this, is that the largest OPEC members, Iran, Iraq, Saudi Arabia, Kuwait and Venezuela are not our friends and even if they were, they owe us nothing. Therefore, the Biden regime is now beholden to the whims of OPEC, and because of his failed energy policies, the American consumer is too. Are we really sure 81 million people voted for this?
Joe Biden with the help of the slobbering lapdog media and political pundits has been taking a victory lap for the past 100 days or so, because petrol prices have come down by almost half of what the original increase was. Of course, the regime is going to take credit for these prices coming down, even though there is no policy in effect that has caused the decrease. This is purely supply and demand. The American consumer (especially the middle class) has stopped traveling. And although consumers are happy to see gas prices come down, food prices and other consumables have gone through the roof, more than making up for any savings at the pump.
In my household, we eat eggs. I love eggs! I could eat them for breakfast, lunch and dinner (sometimes I do). We usually buy them packaged in 2 x 18 packs, or 36 at a time. When Trump was president, I was paying a little under $4.00 for 36 eggs. That price has now gone to $9.00/36 eggs. Now eggs are a delicacy, instead of a staple in my house. Many food products have changed categories because of prices. And when gas prices start going up again, we are screwed!
President Trump did the impossible, or at the very least, he had the balls to do what others wouldn’t do before him. Which is, tap into our vast reserves of crude oil and natural gas, while thumbing his nose at OPEC. What’s really amazing, is the short amount of time it took to get it done. The only thing in this scenario that should not have happened is the Saudi purchase of the largest oil refinery on US soil in 2017, located in Port Arthur TX. Once again, our adversaries take advantage of our liberal policies, allowing hostile foreign governments to purchase US assets.
Today it was announced that OPEC has agreed to cut another 2 million barrels per day in production, sending the price of crude oil soaring over $88/barrel. The White House has vowed to find ways to keep oil prices stable while the American Petroleum Institute has said, very clearly that our energy woes are a “choice.” I could not agree more!