OPEC + Cutting Production Again.

[cernjSHU]

In October OPEC cut production of oil by 2 million barrels a day. Over the weekend, OPEC + cut oil production another 1 million barrels a day as oil prices were below $80 a barrel. OPEC just is determined to keep prices high for oil and higher oil prices globally.

This hurts the fight against inflation as dropping oil prices we were on the cusp of going below $3.00 a gallon. While, US oil production for this year is projected to be a record, however there is still issues with refinery capacity.

 

[ed odowd]

This issue will be resolved in the next 10-15 years with the expansion of electric cars.About 40% of oil produced is used to make gasoline.The US can easily be totally oil independent around 2035 unless the climate alarmists stop all oil production in the US.They are stupid enough to advocate no oil production in US while China still increases new coal plants.

 

[cernjSHU]

At this point in time, we export more oil than

This issue will be resolved in the next 10-15 years with the expansion of electric cars.About 40% of oil produced is used to make gasoline.The US can easily be totally oil independent around 2035 unless the climate alarmists stop all oil production in the US.They are stupid enough to advocate no oil production in US while China still increases new coal plants.

We are energy independent at this point in time as we produce more than we consume. But, we have always imported oil from foreign countries. That remains true today. So, while you may be right in 10 years, this does not help the battle with inflation right now. Gas prices are a big part of inflation and probably one of the costs that affects most Americans. OPEC and the Saudis have been screwing us over at every chance they get.

 

[SHUSA]

pretty stoked about my new hybrid purchase

 

[Proud NJ Sports Fan]

Mine coal: bad

Mine lithium, cobalt and copper: good

Yeah, they are conning you