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pennsyltuckyheathen · 26 days

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Saudi Arabia is scheming with Russia to reduce oil production to drive up gas prices before the 2024 election.

They both want Traitor Trump back in office to do their bidding. Putin has undue influence over Trump for reasons yet unknown. Saudi Arabia spends very large sums on Trump properties and businesses and has "invested" billions with Trump's son-in-law Jared Kushner.

Even more reasons for the one man crime spree to never get anywhere near the Office of the President of the United States of America ever again!

#TraitorTrump #TrumpCrimeSpree #ForeignAdversaries #Bribery #Emoluments #TrumpCrimeFamily #Election2024 #CorruptMAGA #MAGATraitors #FossilFuels #OPEC #Russia #SaudiArabia #AlterNet

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dontmean2bepoliticalbut · 2 years

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izooks · 2 months

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Mr Global explains gas prices under the Biden and Trump administrations. If you think Trump is going to get you cheaper gas, you’re dumber than you look, because of Trump we lost oil companies driving. The price is higher. Pay attention to where you get your information it’s critical to making the RIGHT decision.

#gas #gas prices #oil refinery #opec #democrats #gop #vote blue #republicans #democracy #vote biden #fuck trump #maga 🧠 = 🐶 💩#critical thinking #usa #america

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memenewsdotcom · 2 years

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OPEC+ agrees to oil cuts

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#economy #energy #gas #gasoline #meme #memes #middle east #money #news #oil #opec

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workersolidarity · 5 months

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🏭 OPEC ANNOUNCES FURTHER OIL PRODUCTION CUTS OF 2.2 MILLION BARRELS PER DAY

The OPEC Secretariat, on Thursday November 30th, noted the announcement of several OPEC countries of additional voluntary cuts amounting to a total of 2.2 million barrels a day, aimed at "supporting the stability and balance of oil markets."

Production cuts were calculated from the 2024 required production level as set on June 4th, 2023, and are in addition to the voluntary cuts announced in April and extended through the end of 2024.

Production cuts are being announced by the following countries:

🇸🇦 Saudi Arabia: 1'000 thousand barrels per day

🇮🇶 Iraq: 223 thousand barrels per day

🇦🇪 United Arab Emirates: 163 thousand barrels per day

🇰🇼 Kuwait: 135 thousand barrels per day

🇰🇿 Kazakhstan: 82 thousand barrels per day

🇩🇿 Algeria: 51 thousand barrels per day

🇴🇲 Oman: 42 thousand barrels per day

Starting January 1st until the end of March 2024. Afterwards, these voluntary cuts will be returned gradually, subject to market conditions.

The above amounts will be in addition to those announced by the Russian Federation of 500 thousand barrels per day for the same period, which will be made from the average export levels of the months May and June of 2023, and will consist of 300 thousand barrels per day of crude oil and 200 thousand barrels per day of refined products.

#source

@WorkerSolidarityNews

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geohoneylovers · 5 months

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At COP28, OPEC opposes a deal to phase out fossil fuels despite 80 nations pushing for their elimination. The draft agreement offers options, but OPEC urges rejection of language targeting fossil fuels, emphasizing investment in all energy sources. Discussions continue on this unprecedented decision, with some nations calling for more time for transitioning to clean energy and increased support for developing nations. The urgency to limit global warming to 1.5 degrees Celsius is stressed, while talks on COP29's location involve Azerbaijan as the likely host.

#cop28 #climateaction #fossilfuels #globalwarming #climatesummit #opec #cleanenergy #climatechange #sustainablefuture #geohoney

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awesome-casuallyfamouscollector · 11 months

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The announcement came after hourslong negotiations at an OPEC+ meeting — the grouping of the 13-member Organization of the Petroleum Exporting Countries (OPEC), headed by Saudi Arabia, and the group's 10 partners, led by Russia.

The meeting was closely watched as a tough one, with Russia seen as wanting to maintain production levels, and Saudi Arabia seeking to push prices(..)

P.S. This is another good reason to replace ICE vehicles with electric ones...

#expensive fossil fuel #unreliable fossil fuel #fossil fuel phase out #fossil fuel imports #OPEC #russian blackmail #enemy #ev adoption #electric car #Saudi Arabia #kremlin

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dontmeantobepoliticalbut · 2 years

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U.S. Rep. Ro Khanna on Wednesday urged the Biden administration to cut off sales of weaponry and crucial plane parts to Saudi Arabia as the Organization of the Petroleum Exporting Countries—a cartel led by the Saudis—agreed to slash oil production in a bid to prop up falling prices, a move that could inflict more pain on American consumers.

"President Biden should make it clear that we will stop supplying the Saudis with weapons and air parts if they fleece the American people and strengthen [Russian President Vladimir] Putin by making drastic production cuts," Khanna (D-Calif.) told The Washington Post in an interview as OPEC members met in Vienna.

"They need us far more than we need them," Khanna added.

The Biden White House launched a pressure campaign earlier this week in a last-ditch bid to stop OPEC from cutting supply, characterizing such a move as a "hostile act."

But the administration's efforts failed. On Wednesday, OPEC members agreed to slash their combined production by two million barrels a day, the largest supply cut since the onset of the coronavirus pandemic in 2020.

Saudi Arabia is the second-largest oil producer in the world behind the U.S., and the Biden administration has sought cooperation from the kingdom's murderous leaders as Russia's war on Ukraine continues to rattle global energy markets, elevating prices for consumers. While not a formal OPEC member, Russia—the world's third-largest oil producer—often works with the international cartel.

In July, U.S. President Joe Biden held a widely condemned meeting with Saudi Crown Prince Mohammed bin Salman to discuss the global oil supply, among other issues.

The White House has warned an OPEC production cut could reverse the large and consistent declines in U.S. gas prices over the past several months, just in time for the pivotal midterm elections. Expectations of a production cut have already driven oil prices up significantly in recent days.

"We've been clear that energy supply should meet demand to support economic growth and lower prices for consumers around the world and we will continue to talk with our partners about that," White House National Security Council spokesperson Adrienne Watson said in a statement Tuesday.

Khanna, a progressive seen by some as a future presidential candidate, is a longtime critic of the Saudi regime—particularly its devastating assault on Yemen. He has been pushing the White House in recent days to respond forcefully to any OPEC production cut.

"It's outrageous. The Saudis need to be dealt with harshly," Khanna told CNN in an interview earlier this week. "They are a third-rate power. We are the most powerful country in the world. I don't know why we kowtow to them."

"They are not our allies," the California Democrat added. "They are hurting the American people. And we need to be tough with them. The President needs to make it clear we will cut off their supply. We could ground their air force in a day."

Sen. Bernie Sanders on Wednesday called for an end to U.S. military aid to Saudi Arabia after the kingdom and other major oil-producing nations agreed to slash output by two million barrels a day, a move that could significantly drive up gas prices worldwide as a global recession looms.

In a social media post, Sanders (I-Vt.) denounced the Saudi-led OPEC cartel over its "blatant attempt to increase gas prices at the pump," which he said "cannot stand."

"We must end OPEC's illegal price-fixing cartel, eliminate military assistance to Saudi Arabia, and move aggressively to renewable energy," the Senator added.

Sanders was one of several members of the U.S. Democratic caucus who responded with outrage to OPEC and Russia's decision, which is set to take effect in November as the midterm elections kick off.

Sen. Ed Markey (D-Mass.) announced Wednesday that he will be reintroducing legislation instructing U.S. officials to "initiate dispute proceedings" against OPEC members at the World Trade Organization for violating the body's price-manipulation rules.

"As we build our clean energy future, we must stand up to the oil-soaked global cartel that seeks to abuse its power to raise prices and boost their profits," Markey said in a statement. "Today's OPEC announcement is a reminder that as long as the United States is dependent on foreign oil and on domestic oil that is priced on a global market, the supply and cost of the energy Americans use to operate our cars, heat our homes, and power our economy is reliant on decisions made by and for hostile fossil-fueled regimes."

"We must hold OPEC and its allies accountable for colluding to hike energy prices on working families," Markey added, "and we must accelerate our transition to clean energy to free ourselves from their profiteering, colluding grip once and for all."

Reps. Tom Malinowski (D-N.J.), Sean Casten (D-Ill.), and Susan Wild (D-Pa.), meanwhile, unveiled legislation that would require the removal of U.S. troops and missile defense systems from Saudi Arabia and the United Arab Emirates (UAE), another OPEC member.

"Saudi Arabia and the UAE's drastic cut in oil production, despite President Biden's overtures to both countries in recent months, is a hostile act against the United States and a clear signal that they have chosen to side with Russia in its war against Ukraine," the House Democrats said in a joint statement Wednesday.

"Both countries have long relied on an American military presence in the Gulf to protect their security and oil fields," the trio added. "We see no reason why American troops and contractors should continue to provide this service to countries that are actively working against us."

The Biden White House has thus far indicated that it is considering a number of policy responses to "reduce OPEC's control over energy prices"—signaling a possible revival of NOPEC legislation—but the administration hasn't specifically said it would target U.S. military assistance to the Saudis.

According to a recent study by the Government Accountability Office, the Pentagon delivered at least $54.6 billion of military aid to Saudi Arabia and the UAE between fiscal years 2015 and 2021, support that included missiles, helicopters, and bombs.

The U.S. has also spent hundreds of millions of dollars in recent years refueling Saudi and UAE jets as they attacked Yemen, sparking a humanitarian catastrophe that continues in the present.

Despite the President's campaign pledge to make the kingdom a "pariah" over its assassination of Jamal Khashoggi, the Biden administration has continued to approve massive weapons sales to the Saudis, including a multibillion-dollar sale of missiles in August. A month earlier, Reuters reported that the Biden administration was considering lifting its ban on "offensive" weapons sales to the Saudis.

Rep. Ro Khanna (D-Calif.) has been vocally pressing the Biden administration to halt U.S. military support for Saudi Arabia in response to OPEC's coming production cut, blasting the petrostate as a "third-rate power" that is "hurting the American people."

On Wednesday, Khanna co-authored an op-ed calling for an end to "missile and weapons system sales Saudi so desperately needs."

"By siding with Russia in hiking oil prices and sabotaging our economy," Khanna and two others wrote, "the Saudis have really outfoxed themselves this time—it was a time for choosing, and they picked the wrong side."

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dreaminginthedeepsouth · 2 years

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Saudi Arabia’s decision to support Russian oil prices may have ended US-Saudi alliance.

In the confrontation between the US and Russia over Ukraine, Saudi Arabia sided with Russia by limiting oil production to prop up the price of Russian oil. That hostile action may spell the end for US-Saudi relations (which should have ended with the murder of Jamal Khashoggi, if not sooner). Senator Dick Durbin spoke for many in the Senate when he said the following:

From unanswered questions about 9/11 & the murder of Jamal Khashoggi, to conspiring with Putin to punish the US with higher oil prices, the royal Saudi family has never been a trustworthy ally of our nation. It’s time for our foreign policy to imagine a world without their alliance.

Saudi Arabia has miscalculated its leverage in US-Saudi relations. Oil is important to the US (although it is effectively oil-independent at the moment), but US military aid is existential to Saudi Arabia. Without US military aid and related training and security guarantees, Saudi Arabia is a weak nation in an unstable region. It would undoubtedly look to Russia to replace the US as its military protector, but that move would be unavailing.

Russia can’t impose its military will on a neighboring country with which it shares a 1,226-mile border. The notion that Russia can project its military prowess to prop up a vast desert kingdom nearly 4,000 miles away is risible. Quick question: How many aircraft carriers does Russia have? Answer: One—the same as Brazil and Thailand, and less than France (2), UK (2), Italy (2), Japan (2), China (2), and the US (11). Moreover, the single Russian aircraft carrier is so unreliable that it is accompanied by a tugboat that brings it back to base when it inevitably breaks down. See Business Insider, Russia's Only Aircraft Carrier Is Outdated and Plagued With Problems. Oh, and the single Russian aircraft carrier was built 30 years ago by—wait for it—Ukraine, which has told Russia it has no interest in upgrading the carrier to modern standards.

It is time for the US to recognize that Saudi Arabia is a corrupt cartel whose only purpose is to prop up a bloated royal family of 15,000 members. Let’s hope that Biden acts decisively, soon, so that we are no longer subject to economic blackmail by a criminal enterprise masquerading as a modern nation.

Robert B. Hubbell Newsletter :: Oct 7, 2022

#OPEC #hostage situation #Saudia Arabia #Robert B. Hubbell Newsletter

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dontmean2bepoliticalbut · 1 year

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You can view the data HERE

Also...

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izooks · 2 months

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Saudi Arabia cutting from 13 million barrels a day to 8 million barrels a day. Why? So they can jack up the price up of oil.

This is Saudi Arabia and OPEC attempt to help Trump in this election.

#gop #democrats #vote blue #republicans #vote biden #democracy #fuck trump #maga 🧠 = 🐶 💩#opec #CUTTING OIL PRODUCTION #trying to influence the election 🗳️

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memenewsdotcom · 2 years

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#Biden to release more #oil from #strategicreserve

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#business #economics #economy #election #gas #gasoline #meme #memes #money #news #oil #oil and gas #opec #petroleum #politics

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workersolidarity · 7 months

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Photo: NY Times

🇩🇿🇦🇴🇨🇬🇬🇶🇬🇦🇮🇷🇮🇶🇰🇼🇱🇾🇳🇬🇸🇦🇦🇪🇻🇪

[🇦🇿🇧🇭🇧🇳🇰🇿🇲🇾🇲🇽🇴🇲🇷🇺🇸🇸🇸🇩]

⛽🛢️OPEC+ ANNOUNCES OIL PRODUCTION CUT EXTENSION THROUGH THE END OF THE YEAR

In separate statements on Wednesday, Saudi Arabia and Russia both announced the extension of OPEC+ production cuts through the end of the year.

The Saudi Ministry of Energy announced they would continue to cut oil output by 1 million barrels per day, as per the policy instituted July 2023.

Together, the months of November and December will see the production of approximately 9 million barrels per day.

"this additional voluntary cut comes to reinforce the precautionary efforts made by the OPEC Plus countries," the statement read.

The Saudi Ministry of Energy agreed to revisit the policy of production cuts in one month's time.

At the same time in a separate statement, Russian Deputy Prime Minister Alexander Novak said Russia would "continue additional voluntary supply cuts of 300,000 barrels per day from its exports to global markets, which has gone into implementation in September and October 2023."

Novak said the policy would be revisited in one month's time to see if further production cuts are necessary, or whether the Russian Federation will increase production at that time.

Deputy Prime Minister Novak further said the production cuts "reinforce the precautionary efforts made by OPEC Plus countries with the aim of supporting the stability and balance of oil markets."

OPEC+ is the Organization of the Petroleum Exporting Countries and comprises 13 members plus 10 more countries which voluntarily follow OPEC policies.

OPEC+ announced last October they cut oil output by a collective 2% from global demand from last November through the end of 2023. OPEC+ later agreed to extend production cuts through 2024.

Global oil prices have risen especially sharply since Russia and Saudi Arabia announced further cuts in July, with oil trading at $76 a barrel at the time. And although the US and its allies have been flooding markets with oil reserves since cuts were first announced in October 2022, those reserves are now largely empty and prices have risen once more, now trading at $89 per barrel.

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bighermie · 2 years

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#opec

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uboat53 · 2 years

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Well, the 2022 midterm elections are less than a month away (make sure you're registered to vote, there's still time in many states! https://www.vote.org) and I wanted to take a look at something that's sure to come up.

You see, OPEC, the internation oil cartel, just voted to reduce the amount of oil it produces. This has increased gas prices as you may or may not have noticed.

The major nations of OPEC are Saudi Arabia, Iran, and Venezuela, brutal dicatorships who align themselves against broader American values but there's a trick hidden in that statement.

You see, Republicans, particularly those in the MAGA side of the party, have drifted away from American values. The Trump Administration in particular sought close ties with authoritarian dictatorships such as Turkey, Russia, and, yes, Saudi Arabia while the Biden Administration has taken a more distant if not harder line with regard to those countries.

It's not entirely insane to think that this OPEC move was taken deliberately to damage Democrats and President Biden in the United States (and to help far-right parties and politicians in other countries that are having elections now) and to promote Republicans, particularly those Republicans who have scorned democracy and human rights as American values.

By presenting high gas prices, which, again, are the fault of authoritarian dictators around the world, as being the fault of President Biden, Republicans are, knowingly or not, aligning themselves with the interests of those same dictators.

I want you to realize what they're doing, not to buy it, and to realize what it means that so many candidates who want to run the American government are willing to so easily dismiss the values that we all supposedly believe in.

#politics #us politics #midterms #2022 elections #oil #saudi arabia #opec #opec oil production #oil prices

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awesome-casuallyfamouscollector · 1 year

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New utility-scale solar capacity – that is, not including rooftop solar – was 9,924 megawatts (MW), or 39.6% of the total. New wind capacity provided 8,512 MW, or 33.9% of the total. Solar and wind each comfortably surpassed the 6,469 MW of new natural gas capacity (25.8%).

Including geothermal (90 MW), biomass (31 MW), and hydropower (24 MW), capacity additions by the mix of renewable energy sources accounted for 18,581 MW of the 25,085 MW in new generating capacity by all sources(..) So by the end of 2022, renewable energy sources collectively provided 27.3% of the total available installed generating capacity in the US, with wind’s share – 143,280 MW – being 11.4% and that of solar – 80,400 MW – expanding to 6.4%(..)

P.S. In fact, the US energy market is becoming less and less dependent on fossil fuel imports and price increases caused by the OPEC cartel or Russian aggression. Renewables actually saved the US economy from even worse fossil fuel price increases...

#USA #fossil fuel phase-out #renewable energy #solar power #wind power #energy safety #energy independence #very good news #russian blackmail #OPEC

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