The oil producing nations basically told the U.S. to "shove it", furthering the case that the BRIC nations are moving away from the U.S. dollar and separating economically from the West.
From the very first time I saw that photo with Brandon fist bumping MBS, I thought that the smirk was very telling (on MBS's face that is). And it was telling me that they're gonna treat Brandon like the old fool that he is, tell him what he wants to hear and are gonna punk his stupid ass like a crackhead on Soto St. (East LA). Boy did I call that one. Picture says a thousand words.
In less than 2 years we have become the laughing stock of the world. Putin last week was making fun of the US while was bragging about their Nukes - he said all the US cares about is teenage kids get sex change surgeries.
China is brainwashing our youth to turn them queer or trans or a Furry via Tik Tok - they are going to destroy us if we do not stop this craziness.
The writing has been on the wall since day one of his administration. How the media and half of this country be ok with it is mind blowing.
Watch the show Mr. Robot from 6-7 years ago - it kind of feels like this fucked up world
Biden deserves to be humiliated every day. The Democrats are still all-in for their green energy fantasies, and they deserve to be wiped out on Nov 8. Not to just lose, but be humiliated.
Trump had the right idea regarding the Saudis. Dominate oil production ourselves and use the Saudis for their money. Biden is a fool.
Oct 6, 2022·edited Oct 6, 2022Liked by Quoth the Raven
I thought “nobody fucks with Joe Biden”? What an asinine and smug administration we have in the White House. Then factor in who we have in the House and Senate. Repeatedly making bad decisions. Politicians w/o non-D.C experience.
Joe humiliates himself everyday so today is not any different. He will now go to beg for oil from the dictator Nicolas Maduro. Their politics are similar so Joe may have some luck.
How can you justify cutting oil production here, then spend millions filling up a ship to bring oil here? Help the environment? Look at the average Americans face as they leave the grocery store!
Oct 6, 2022·edited Oct 6, 2022Liked by Quoth the Raven
Considering the scope of the US Military Training Mission (USMTM) in SA…plus the fact that the Saudis are one of the biggest Foreign Military Sales customers for the US…I think there is more going on than meets the eye, regardless of the own goals coming from the White House(One notable point; the current Chief of the USMTM SA, a Navy Captain, is a Taiwan / China / Far East Asia Foreign Area Officer…This may be coincidental, it may not). I am not saying it’s a great situation, not saying our National Energy policy isn’t troubling, not saying it’s being handled well, not saying that there isn’t a problem that needs to be solved, not saying the drawdown of the SPR is good, and not saying the SPR flow isn’t propping up the CPI. I am saying there are other factors (and personalities) involved and the outcome may not be quite as dire over time, regardless of the fact that it looks like the WH is trying to dribble a football to win a tennis match in order to feed homeless children.
I think saying this is a humiliation on a global stage is overblown. Is it good ? Hell no. But when has OPEC ever done what we lobbied them to do or what was best for the US? I can’t recall a time but maybe I’m missing something.
Also the expectation has been and was that they would cut even after Bidens plea…. So I feel like them doing what the expectation was also lessens the blow of a “humiliation on a global stage”
Let’s become the largest oil producer and exporter and encourage our US based oil companies to continue investing in oil production and refining. And then bring them onto a Nuclear and clean energy transition plan so these companies take those investments and profits from oil to truly become energy independent and off fossil fuels as much as possible because climate change isn’t a conspiracy, it’s real.
Anyway, feel like the left woke mob messed up with nuclear energy and the right radicals got greedy and campaigned against climate change causing a huge divide in our country.
Again, it’s this division that’s causing real short sighted decisions without clear long term planning. For god’s sake BOTH SIDES CAN WIN TOGETHER. I’m so mad at the people who were anti-nuclear energy innovation while trying to cram ESG when it just isn’t ready yet and the idiot oil billionaires funding mis/disinformation propaganda and bribe/lobby politicians to not enact a long term transition plan to cleaner energy—those are where the future jobs are! Oil will be the past in 50 years or so.
This is why invested in $SMR, they make micro/small nuclear ☢️ reactors, check them out if you have a chance!
In regards to the "protection" we give to Saudi Arabia: I have visited Saudi Arabia 3 times on business. The Saudi people tell me that we aren't protecting the Kingdom of Saudi Arabia. We aren't protecting the people of Saudi Arabia. We are protecting the leaders of Saudi Arabia. We are protecting the leaders primarily from the people. That's why the people of Saudi Arabia hate us. The Saudi people hate their leaders with a passion and they see us making it more difficult for them to rebel. The fact that hardly anyone in the US even knows or cares about this makes them hate us even more.
1-Agree this is a deserved humiliation for Biden. He restricted domestic production and then went begging in SA for oil. His Energy Secretary tells struggling motorists to buy E-cars to avoid spiking prices.
2-While it was a great headline, and matters politically, it is not a big deal for supply. It may not result in any cutback at all. It is a reduction from agreed upon quota, but OPEC has been producing 3-million+ b/d below that already. They are having trouble even making their own quota.
3-WTI went up only 1.4% on the news. This is a laughably tiny amount for a purported 2-mmb/d cut. Granted, much of the OPEC cut (if there is one) was already baked into the price prior to the announcement.
4-OPEC++ production is limited by dysfunction in their own corrupt countries (Nigeria, Libya, Venezuela, etc.), sanctions (Russia, Venezuela), and hardly at all by official pronouncements by men in white robes. Russia's production is set to decline (for many reasons, including sanctions) and the Saudis will be needed to make up for that. Spare capacity is almost gone.
From the very first time I saw that photo with Brandon fist bumping MBS, I thought that the smirk was very telling (on MBS's face that is). And it was telling me that they're gonna treat Brandon like the old fool that he is, tell him what he wants to hear and are gonna punk his stupid ass like a crackhead on Soto St. (East LA). Boy did I call that one. Picture says a thousand words.
In less than 2 years we have become the laughing stock of the world. Putin last week was making fun of the US while was bragging about their Nukes - he said all the US cares about is teenage kids get sex change surgeries.
China is brainwashing our youth to turn them queer or trans or a Furry via Tik Tok - they are going to destroy us if we do not stop this craziness.
The writing has been on the wall since day one of his administration. How the media and half of this country be ok with it is mind blowing.
Watch the show Mr. Robot from 6-7 years ago - it kind of feels like this fucked up world
Biden deserves to be humiliated every day. The Democrats are still all-in for their green energy fantasies, and they deserve to be wiped out on Nov 8. Not to just lose, but be humiliated.
Trump had the right idea regarding the Saudis. Dominate oil production ourselves and use the Saudis for their money. Biden is a fool.
I thought “nobody fucks with Joe Biden”? What an asinine and smug administration we have in the White House. Then factor in who we have in the House and Senate. Repeatedly making bad decisions. Politicians w/o non-D.C experience.
The decline of the U.S. in so many dimensions looks like sabotage from within.
Joe humiliates himself everyday so today is not any different. He will now go to beg for oil from the dictator Nicolas Maduro. Their politics are similar so Joe may have some luck.
How can you justify cutting oil production here, then spend millions filling up a ship to bring oil here? Help the environment? Look at the average Americans face as they leave the grocery store!
Considering the scope of the US Military Training Mission (USMTM) in SA…plus the fact that the Saudis are one of the biggest Foreign Military Sales customers for the US…I think there is more going on than meets the eye, regardless of the own goals coming from the White House(One notable point; the current Chief of the USMTM SA, a Navy Captain, is a Taiwan / China / Far East Asia Foreign Area Officer…This may be coincidental, it may not). I am not saying it’s a great situation, not saying our National Energy policy isn’t troubling, not saying it’s being handled well, not saying that there isn’t a problem that needs to be solved, not saying the drawdown of the SPR is good, and not saying the SPR flow isn’t propping up the CPI. I am saying there are other factors (and personalities) involved and the outcome may not be quite as dire over time, regardless of the fact that it looks like the WH is trying to dribble a football to win a tennis match in order to feed homeless children.
I think saying this is a humiliation on a global stage is overblown. Is it good ? Hell no. But when has OPEC ever done what we lobbied them to do or what was best for the US? I can’t recall a time but maybe I’m missing something.
Also the expectation has been and was that they would cut even after Bidens plea…. So I feel like them doing what the expectation was also lessens the blow of a “humiliation on a global stage”
Lol. "Why is everyone going to the dollar...uhhhhhh...uhhhh whyy the fuuuuu...."
Classic... love your content.
Saudi oil lifting cost is under 10 usd. Can’t beat that...
Here in Brazil we have a new definition for ESG. In portuguese: EUROPA SEM GÁS! Europe without gas!
Let’s become the largest oil producer and exporter and encourage our US based oil companies to continue investing in oil production and refining. And then bring them onto a Nuclear and clean energy transition plan so these companies take those investments and profits from oil to truly become energy independent and off fossil fuels as much as possible because climate change isn’t a conspiracy, it’s real.
Anyway, feel like the left woke mob messed up with nuclear energy and the right radicals got greedy and campaigned against climate change causing a huge divide in our country.
Again, it’s this division that’s causing real short sighted decisions without clear long term planning. For god’s sake BOTH SIDES CAN WIN TOGETHER. I’m so mad at the people who were anti-nuclear energy innovation while trying to cram ESG when it just isn’t ready yet and the idiot oil billionaires funding mis/disinformation propaganda and bribe/lobby politicians to not enact a long term transition plan to cleaner energy—those are where the future jobs are! Oil will be the past in 50 years or so.
This is why invested in $SMR, they make micro/small nuclear ☢️ reactors, check them out if you have a chance!
In regards to the "protection" we give to Saudi Arabia: I have visited Saudi Arabia 3 times on business. The Saudi people tell me that we aren't protecting the Kingdom of Saudi Arabia. We aren't protecting the people of Saudi Arabia. We are protecting the leaders of Saudi Arabia. We are protecting the leaders primarily from the people. That's why the people of Saudi Arabia hate us. The Saudi people hate their leaders with a passion and they see us making it more difficult for them to rebel. The fact that hardly anyone in the US even knows or cares about this makes them hate us even more.
1-Agree this is a deserved humiliation for Biden. He restricted domestic production and then went begging in SA for oil. His Energy Secretary tells struggling motorists to buy E-cars to avoid spiking prices.
2-While it was a great headline, and matters politically, it is not a big deal for supply. It may not result in any cutback at all. It is a reduction from agreed upon quota, but OPEC has been producing 3-million+ b/d below that already. They are having trouble even making their own quota.
3-WTI went up only 1.4% on the news. This is a laughably tiny amount for a purported 2-mmb/d cut. Granted, much of the OPEC cut (if there is one) was already baked into the price prior to the announcement.
4-OPEC++ production is limited by dysfunction in their own corrupt countries (Nigeria, Libya, Venezuela, etc.), sanctions (Russia, Venezuela), and hardly at all by official pronouncements by men in white robes. Russia's production is set to decline (for many reasons, including sanctions) and the Saudis will be needed to make up for that. Spare capacity is almost gone.