Originally published at: OPEC+ to Cut Oil Production Again | Infostormer.com
OPEC+ countries are going to cut oil production again.
Saudi Arabia said it would dramatically cut its crude oil output as part of a deal by OPEC+ nations to tighten supply into 2024 as producers try to boost falling oil prices https://t.co/kaC5wPSsDE pic.twitter.com/9MKE097epF
— Reuters (@Reuters) June 5, 2023
This caused oil prices to jump.
⚠️BREAKING:
*OIL PRICES SURGE OVER 2% AFTER OPEC+ EXTENDS SUPPLY CUTS INTO 2024https://t.co/LZJJ7hDYmr$CL_F #OOTT pic.twitter.com/8QOGCEJUn8
— Investing.com (@Investingcom) June 5, 2023
This will mean higher gas and energy prices in the West as we enter the summer months.
One of the reasons why we aren’t paying close to $10 for a gallon of gas in the United States is because the ZOG regime foolishly decided to dump huge amounts of oil from the Strategic Petroleum Reserve. This was a temporary political fix. This move by OPEC+ is going to mean it is going to cost them more to replenish it and they will have to replenish it at some point.
If we had sane people running things in Washington DC, we’d be fully utilizing the energy resources we have domestically and reduce our dependence on foreigners for energy. Unfortunately, we have insane Jews who run almost every important government agency who hate us and want us to die.