White House Says "It's Clear That OPEC+ is Aligning With Russia" by Cutting Oil Production

Chris Menahan
Oct. 05, 2022

The White House on Wednesday whined that OPEC+ was "aligning with Russia" by agreeing to cut oil production by 2 million barrels per day in defiance of the US.

"It's clear that OPEC+ is aligning with Russia with today's announcement," White House Press Secretary Karine Jean-Pierre said.

From CNBC:
Energy market participants had expected OPEC+, which includes Saudi Arabia and Russia, to impose output cuts of somewhere between 500,000 barrels and 2 million barrels.

The move represents a major reversal in production policy for the alliance, which slashed output by a record 10 million barrels per day in early 2020 when demand plummeted due to the Covid-19 pandemic. The oil cartel has since gradually unwound those record cuts, albeit with several OPEC+ countries struggling to fulfill their quotas.

Oil prices have fallen to roughly $80 a barrel from more than $120 in early June amid growing fears about the prospect of a global economic recession.
I guess all that moral preening directed at the Saudis over Khashoggi's murder wasn't the best idea.

No one wants to be lectured about "human rights" by a regime that tortures and jails its own political opposition.

In order to suppress oil prices ahead of the midterms and lessen the impact of the (likely US-backed/arranged) sabotage of the Nord Stream pipelines, the Biden regime is planning to further drain our strategic reserves.

If World War III were to break out with Russia or China as a result of the Biden regime's endless provocations, we will have drained oil reserves and depleted stockpiles of HIMARs, ammunition, Javelins and Stinger missiles because they were all sent to Ukraine.

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