How Joe Biden's got a lucky second chance, but failed to act before the expected OPEC reduction, after draining the nation's Strategic Petroleum Reserve, a risky position in war-time

submitted by SoCo from (finance.yahoo.com)

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[–]SoCo[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Of course the OPEC output reduction, was expected by everyone for many months, just like last time that the Biden administration and his lapdog media feigned outrage.

https://www.reuters.com/breakingviews/opecs-oil-cut-is-less-surprising-than-it-looks-2023-04-03/

[–]hfxB0oyA 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

I hear Russian oil is cheap these days. Whoops, China's already buying it all. Oh, what a pickle!

[–]UncleWillard56 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Who cares? Why do we placate these Middle Eastern countries? We get almost as much oil from Africa. We could easily spread what we get from the Persian Gulf (12.9%, 8.1% from Saudi) and Africa (10.3%, 5.2% from Nigeria) to Canada and Mexico, from whom we already get a significant amount. While we're at it, get any foreign aid out of those regions as well. They're not doing us any favors.