The Biden administration’s plea for more oil production has been rejected by OPEC and its allies, including Russia, according to Reuters.
The group of big oil producers believe oil markets do not need more oil than they plan to release in the coming months, Reuters reported.
The report cited “four sources” but did not name them. Reporting on internal OPEC decisions is often based on unnamed sources.
The Organization of the Petroleum Exporting Countries is a cartel of 13 nations that includes Saudi Arabia and the United Arab Emirates. A larger group, that also includes Russia, Mayalasia, and Mexico, is known as OPEC+.
The plea for more oil came in the form of remarks from national security adviser Jake Sullivan last week. Sullivan complained the price of crude oil has been higher than it was before the pandemic hit. He said that the decision by OPEC last month to raise oil production by 400,000 barrels per day is “simply not enough.”
read more:
https://www.breitbart.com/economy/2021/08/16/report-opec-snubs-biden-rejects-plea-for-more-oil/
Replies
Anything and everything a democrat touches turns to s**t.
America has enough Oil Reserves in ANWR to keep us supplied for at least Two Centuries and the Pipeline is available there at Prudoe in Alaska! The North Slope has Nothing of any intrinsic value to anything except for its Oil. Anyone who would say different has never actually been there!
Lynn Bryant DeSpain
We don't need OPEC's oil. We have our own - if the Traitor in the White House would halt his anti-American idiocy.
Remember back to the stories of your parents, grandparents, and great grandparents during the "Times of the Depression Era." Welcome to "Their Reality!"
Lynn Bryant DeSpain
Any and all oil shortages and exhorbant gas prices can be blamed on the incompetent fool in the White House. Trump had it all going in the opposite and correct direction until the bumbling idiot shut down our pipelines and approved the Russians to move forward with theirs. Biden should be charged with treason and put away for good.
Biden needs to just drop dead for the good of America as all communist should also.
Yes.
agreed.