Bigdog
Harris - make America a 3rd world shithole
Bribem's horrendous Foreign and Domestic policies continue to drive up gas & diesel
" ... The United States is considering passing legislation known as NOPEC, which would allow the seizure of OPEC's assets on U.S. territory if market collusion is proven.
OPEC+ has criticised the International Energy Agency, the West's energy watchdog for which the United States is the biggest financial donor, for advocating oil stocks releases last year. The IEA had argued these were necessary to bring down prices given concerns that sanctions would disrupt Russian supply.
The IEA's predictions of price strength never materialised, prompting OPEC+ sources to say it was politically driven and designed to help boost U.S. President Joe Biden's ratings.
The United States, which released most stocks, said it would buy back some oil in 2023, but later ruled that out.
OPEC observers also say the group needs nominal oil prices to be higher because money printing by the West in recent years has lowered the value of the U.S. dollar, the currency in which oil is traded."
https://www.reuters.com/business/energy/why-is-opec-cutting-oil-output-2023-06-05/
" ... The United States is considering passing legislation known as NOPEC, which would allow the seizure of OPEC's assets on U.S. territory if market collusion is proven.
OPEC+ has criticised the International Energy Agency, the West's energy watchdog for which the United States is the biggest financial donor, for advocating oil stocks releases last year. The IEA had argued these were necessary to bring down prices given concerns that sanctions would disrupt Russian supply.
The IEA's predictions of price strength never materialised, prompting OPEC+ sources to say it was politically driven and designed to help boost U.S. President Joe Biden's ratings.
The United States, which released most stocks, said it would buy back some oil in 2023, but later ruled that out.
OPEC observers also say the group needs nominal oil prices to be higher because money printing by the West in recent years has lowered the value of the U.S. dollar, the currency in which oil is traded."
https://www.reuters.com/business/energy/why-is-opec-cutting-oil-output-2023-06-05/
