In one week, President Joe Biden managed to anger both the left and right, whether it was the situation unraveling in Afghanistan or pleading with the Middle East to produce more crude oil to curb skyrocketing gasoline prices. Perhaps this is a case of a great portion of the electorate voting against someone instead of voting for a candidate, resulting in an administration not guided by a constant philosophy but rather adopting a mechanism of feeling which direction the wind is blowing. Either way, many Americans are handwringing for entirely different reasons over the president pleading for help from the Organization of the Petroleum Exporting Countries (OPEC) and its allies, OPEC+. But Biden might have shot himself in the foot after the 13-nation cartel denied his request for more oil.
The White House recently implored OPEC and Russia to produce more crude oil, which would help bring down the cost of skyrocketing energy prices. Officials claimed the group increasing output by 400,000 barrels per day (bpd) was “simply not enough” during the global economic recovery. It is unclear as to how much the Oval Office demanded. How did the entity respond to Biden’s desperation? No, thank you, sir!
Reuters reports that sources say OPEC leaders think global crude markets possess sufficient levels of oil. Speaking on the condition of anonymity, the individuals told the newswire OPEC and its allies do not believe extra crude is required in the market, adding that the latest data indicate there is no need for more supply. An official stance could be published on September 1, when the key producers are scheduled to host a policy review amid new figures.
This was almost an inevitability, considering the fact West Texas Intermediate (WTI) and Brent prices are plummeting, and demand fears are intensifying amid the growth of the Delta and Lambda COVID variants. Plus, the institution would not shift its newest agreement so soon. Indeed, global crude markets would not be prepared for even more of an injection of barrels.
Conservatives, libertarians, and the energy sector were not pleased with the news coming out of 1600 Pennsylvania Avenue, especially after the cancellation of the Keystone XL pipeline and the suspension of oil and gas leases on federal lands. Texas Governor Greg Abbott (R), for example, urged President Biden to “allow American workers – not OPEC – to produce the oil.” American Petroleum Institute (API) President Mike Sommers was stumped by the reports because “you’d think the first place you would go would be American producers.” Alberta Energy Minister Sonya Savage said in a statement that Biden’s approach “smack[s] of hypocrisy.”
But progressives also had a message for the commander in chief: You have some explaining to do.
Biden shuts down our pipelines and now we have to beg others for oil. How much are the bidens taking in as their bribes?
Soon gas will be $5 a gallon, but at least we won’t see mean tweets!
For people who actually voted for sleepy Joe I would like to know how much are you enjoying fuel prices?
I will be waiting for an intelligent response!
Sleep Joe voters and the word intelligence. I know you laughed while typing it.
Bob keeps speakin the word!
Of course they did. We were energy depended on ourselves. Well that went to hell and now we are world dependent and they are laughing at us. Jus5 about ready to fully approve a $5 TRILLION bill yet asking others for help.
Very cold times ahead.
Biden is a very special kind of stupid. Between the 1.7 million illegals from over 100 countries to halting oil production, trillions of new debt and the total fiasco in Afghanistan he has to be purposely destroying America.
How many terrorists are now in America via the Southern border? What are they planning?
Biden, Harris, Pelosi and Schumer & associates are responsible and need to be charged as traitors of America.
What happens if they open back up the pipeline without this illegals dictate..its an illegal order to begin with!!
12: 40 has it true and correct.
NO ONE can look at biden and his actions without asking “what the F is he DOING and how in the hell is it HELPING America???”
He has NO INTENTION of helping America.
Making it weak and watching it crumble ?
And to what purpose???
Inflation. Energy prices. GROCERIES.
I can’t believe how fast these things have increased in price.
Three bags of groceries cost me $85 dollars YESTERDAY!!!! EIGHTY-FIVE DOLLARS!!!!
I couldn’t afford a cart of groceries, not unless I wanted the electric cut off.
And he got 80 MILLION VOTES???
It might be called the “Biden diet plan”.
Revolution.
NOW.
I was informed yesterday, by the way, that the States Attorney now has me on a list. I offended a slumlord in Wicomico.
Will I stop??
Hell no.