How Trump major deal with the opec to cut production lead to record gas prices.

1 2 3 4 5 10
User avatar
Bidencrimefamily
14 Jan 2024 9:01 am
User avatar
Child Groomer, Sexual Predator
8,284 posts
https://www.milwaukeeindependent.com/th ... nefactors/
Thus, in the last year of his presidency, Trump oversaw the worldwide cuts in oil production that would lead to today’s prices soaring well past $130 a barrel.Which brings us to today, with oil prices soaring. When President Biden tried to reach out to our allies, Saudi Arabia and the UAE, to ask them to restore the production they’d cut under threat from Trump, both refused to take his call, according to press reports. Meteor Blades reported at Daily Kos that The Wall Street Journal laid it out:
User avatar
Bidencrimefamily
14 Jan 2024 9:05 am
User avatar
Child Groomer, Sexual Predator
8,284 posts
Trump threatened saudis with mitary aid if they didn't cut production by 10%

Then when oil demand came back the prices sky rocketed and the Republicans blamed Biden.
User avatar
Bidencrimefamily
14 Jan 2024 9:10 am
User avatar
Child Groomer, Sexual Predator
8,284 posts
But that was 2018 and by 2020 prices were again sagging — and thus about 40 percent of the total revenue/income to Russia’s economy was sagging — as demand dropped because of the pandemic. Saudi Arabia was making the situation worse for Putin, keeping their oil production high to compete with Russia for worldwide market share, particularly in Chinese oil markets, and in retaliation for Russia refusing to go along with price-supporting production cuts.

Oil prices had fallen as low as $15 a barrel because Saudi Arabia had opened their spigots full-on, according to Reuters:

“Despite the agreement to cut a tenth of global production, oil prices continued to fall to historic lows. U.S. oil futures dropped below $0 last week as sellers paid buyers to avoid taking delivery of oil they had no place to store. Brent futures, the global oil benchmark, fell towards $15 per barrel – a level not seen since the 1999 oil price crash – from as high as $70 at the start of the year.”
User avatar
Bidencrimefamily
14 Jan 2024 9:11 am
User avatar
Child Groomer, Sexual Predator
8,284 posts
So Trump took decisive action. He called up his buddy, Prince Mohammed Bin Salman of Saudi Arabia, and essentially threatened that if MBS did not cut production — and thus raise worldwide oil prices, which would help out Putin and U.S. petrobillionaires, the United States would reconsider its seven-decade-long military support for the kingdom.
User avatar
Bidencrimefamily
14 Jan 2024 9:12 am
User avatar
Child Groomer, Sexual Predator
8,284 posts
The outcome is predictable. Saudi Arabia and Russia keep oil production tight to keep oil prices and profits high, while President Biden is attacked from every direction in the U.S. for high prices at the pump.

Republican politicians grandstand on the issue and hammer it daily into the news, blaming the increased price of gasoline on a president who’s trying to both get Iranian oil back on the market and increase Saudi production. The high price of gas and diesel, meanwhile, keep jacking up U.S. inflation, giving the GOP another lead pipe to hit Democrats over the head with.
User avatar
Bidencrimefamily
14 Jan 2024 9:13 am
User avatar
Child Groomer, Sexual Predator
8,284 posts
Bidencrimefamily » 14 Jan 2024, 10:12 am » wrote: The outcome is predictable. Saudi Arabia and Russia keep oil production tight to keep oil prices and profits high, while President Biden is attacked from every direction in the U.S. for high prices at the pump.

Republican politicians grandstand on the issue and hammer it daily into the news, blaming the increased price of gasoline on a president who’s trying to both get Iranian oil back on the market and increase Saudi production. The high price of gas and diesel, meanwhile, keep jacking up U.S. inflation, giving the GOP another lead pipe to hit Democrats over the head with.
The truth will set you free. 
User avatar
*GHETTO BLASTER
14 Jan 2024 9:13 am
User avatar
      
11,446 posts
Bidencrimefamily » 14 Jan 2024, 10:01 am » wrote: https://www.milwaukeeindependent.com/th ... nefactors/
Thus, in the last year of his presidency, Trump oversaw the worldwide cuts in oil production that would lead to today’s prices soaring well past $130 a barrel.Which brings us to today, with oil prices soaring. When President Biden tried to reach out to our allies, Saudi Arabia and the UAE, to ask them to restore the production they’d cut under threat from Trump, both refused to take his call, according to press reports. Meteor Blades reported at Daily Kos that The Wall Street Journal laid it out:
"In an April 2 phone callPresident Donald Trump conveyed a direct ultimatum to Saudi Crown Prince Mohammed bin SalmanHe warned that unless the Organization of the Petroleum Exporting Countries (OPEC) initiated oil production cuts, he would be powerless to prevent U.S. lawmakers from passing legislation to withdraw U.S. troops from Saudi Arabia12. This threat was a pivotal part of the U.S. pressure campaign that eventually led to a landmark global deal to reduce oil supply in response to the coronavirus pandemic and the subsequent collapse in demand"

I'm no expert...but this seemed like a responsible thing for Trump to do at that time.
We have experts who are very good at projecting future demand and Trump was taking their advice.
 
User avatar
Bidencrimefamily
14 Jan 2024 9:14 am
User avatar
Child Groomer, Sexual Predator
8,284 posts
The outcome is predictable. Saudi Arabia and Russia keep oil production tight to keep oil prices and profits high, while President Biden is attacked from every direction in the U.S. for high prices at the pump.Republican politicians grandstand on the issue and hammer it daily into the news, blaming the increased price of gasoline on a president who’s trying to both get Iranian oil back on the market and increase Saudi production. The high price of gas and diesel, meanwhile, keep jacking up U.S. inflation, giving the GOP another lead pipe to hit Democrats over the head with.

 
 
User avatar
*GHETTO BLASTER
14 Jan 2024 9:25 am
User avatar
      
11,446 posts
Bidencrimefamily » 14 Jan 2024, 10:14 am » wrote: The outcome is predictable. Saudi Arabia and Russia keep oil production tight to keep oil prices and profits high, while President Biden is attacked from every direction in the U.S. for high prices at the pump.Republican politicians grandstand on the issue and hammer it daily into the news, blaming the increased price of gasoline on a president who’s trying to both get Iranian oil back on the market and increase Saudi production. The high price of gas and diesel, meanwhile, keep jacking up U.S. inflation, giving the GOP another lead pipe to hit Democrats over the head with.


"In an April 2 phone callPresident Donald Trump conveyed a direct ultimatum to Saudi Crown Prince Mohammed bin SalmanHe warned that unless the Organization of the Petroleum Exporting Countries (OPEC) initiated oil production cuts, he would be powerless to prevent U.S. lawmakers from passing legislation to withdraw U.S. troops from Saudi Arabia12This threat was a pivotal part of the U.S. pressure campaign that eventually led to a landmark global deal to reduce oil supply in response to the coronavirus pandemic and the subsequent collapse in demand"

I'm no expert...but this seemed like a responsible thing for Trump to do at that time.
We have experts who are very good at projecting future demand and Trump was taking their advice.
Biden declared WAR on our gasoline based economy as a campaign promise at the very WORST POSSIBLE TIME. 
This sparked PANIC and it spiked DEMAND for petroleum  based commodities. Building material prices,  more than doubled as a result and that drove housing prices, rents sky high and it does my heart good to see so many young. brainwashed Biden Voters forced now to live with the aftermath. 
:)   
 
User avatar
Bidencrimefamily
14 Jan 2024 9:27 am
User avatar
Child Groomer, Sexual Predator
8,284 posts
The outcome is predictable. Saudi Arabia and Russia keep oil production tight to keep oil prices and profits high, while President Biden is attacked from every direction in the U.S. for high prices at the pump.

Republican politicians grandstand on the issue and hammer it daily into the news, blaming the increased price of gasoline on a president who’s trying to both get Iranian oil back on the market and increase Saudi production. The high price of gas and diesel, meanwhile, keep jacking up U.S. inflation, giving the GOP another lead pipe to hit Democrats over the head with.



The right wing lied to you because it takes investigating the cause to figure it out. And seeing as though most American are low info they try and blame Biden.
User avatar
walkingstick
14 Jan 2024 9:57 am
User avatar
     
4,850 posts
the higher the gas prices go, the less people are spending on gas. people have reduced driving. spending less a month on gas. opec reducing prices to get people to drive more.
User avatar
Bidencrimefamily
14 Jan 2024 10:28 am
User avatar
Child Groomer, Sexual Predator
8,284 posts
Bidencrimefamily » 14 Jan 2024, 10:12 am » wrote: The outcome is predictable. Saudi Arabia and Russia keep oil production tight to keep oil prices and profits high, while President Biden is attacked from every direction in the U.S. for high prices at the pump.

Republican politicians grandstand on the issue and hammer it daily into the news, blaming the increased price of gasoline on a president who’s trying to both get Iranian oil back on the market and increase Saudi production. The high price of gas and diesel, meanwhile, keep jacking up U.S. inflation, giving the GOP another lead pipe to hit Democrats over the head with.
No doubt about it. 
User avatar
righteous
14 Jan 2024 12:37 pm
User avatar
      
9,140 posts
Bidencrimefamily » 14 Jan 2024, 10:01 am » wrote: https://www.milwaukeeindependent.com/th ... nefactors/
Thus, in the last year of his presidency, Trump oversaw the worldwide cuts in oil production that would lead to today’s prices soaring well past $130 a barrel.Which brings us to today, with oil prices soaring. When President Biden tried to reach out to our allies, Saudi Arabia and the UAE, to ask them to restore the production they’d cut under threat from Trump, both refused to take his call, according to press reports. Meteor Blades reported at Daily Kos that The Wall Street Journal laid it out:
FAKE NEWS FROM THE PROGRESSIVE WRTITER/STORYTELLER
Thus, in the last year of his presidency, Trump oversaw the worldwide cuts in oil production that would lead to today’s prices soaring well past $130 a barrel.Which brings us to today, with oil prices soaring

BIDEN CUT BACK IMPORTS FROM THE SAUDIS THINKING HIS GREEN NEW DEAL ENERGY WOULD MAKE UP THE SHORTFALL. AFTER FINDING OUT THE HARD WAY, THE BIDEN CRIME ORGANIZATION REALIZED THE NEED FOR THE OIL HE CUT BACK ON AND WENT BEGGING BACK TO SAUDI ARABIA. YES, THEY AGREED AT A STIFFER COST.

 BIDEN NEVER GAVE U.S.OIL COMPANIES A LONG-TERM GUARANTEE THAT AN INVESTMENT IN NEW OIL WELLS WOULD NOT BE SHUT DOWN AS A RESULT OF HIS GREEN NEW DEAL. BIDEN WANTED AMERICANS TO PAY MORE AT THE PUMP WITH OPEC PURCHASES.   
Vegas
14 Jan 2024 12:46 pm
Giant Slayer
14,546 posts
Bidencrimefamily » 14 Jan 2024, 10:01 am » wrote: https://www.milwaukeeindependent.com/th ... nefactors/
Thus, in the last year of his presidency, Trump oversaw the worldwide cuts in oil production that would lead to today’s prices soaring well past $130 a barrel.Which brings us to today, with oil prices soaring. When President Biden tried to reach out to our allies, Saudi Arabia and the UAE, to ask them to restore the production they’d cut under threat from Trump, both refused to take his call, according to press reports. Meteor Blades reported at Daily Kos that The Wall Street Journal laid it out:
Another liberal lie from the TDS media. 

Gas prices were low when Trump was in office and all the way until he left office. It skyrocketed after the first month of Biden's term. Why do you all lie so much? 

https://www.eia.gov/dnav/pet/hist/LeafH ... us_dpg&f=m

 
 
Retarded Horse's view on women.

JohnEdgarSlowHorses » Today, 7:28 pm » wrote: ↑Today, 7:28 pm
  • I LOVE IT WHEN A CRACK WHORE GETS BEAT UP Image
  • I WANT TO WATCH YOU BEAT YOUR CRACK WHORE WIFE Image Image Image
  • PUT THAT WIFE BEATER ON AND GET BUSY
viewtopic.php?f=3&t=90783&p=2628993#p2628993
User avatar
Bidencrimefamily
14 Jan 2024 12:51 pm
User avatar
Child Groomer, Sexual Predator
8,284 posts
Vegas » 14 Jan 2024, 1:46 pm » wrote: Another liberal lie from the TDS media. 

Gas prices were low when Trump was in office and all the way until he left office. It skyrocketed after the first month of Biden's term. Why do you all lie so much? 

https://www.eia.gov/dnav/pet/hist/LeafH ... us_dpg&f=m
Well if you ignore the truth. 
Vegas
14 Jan 2024 12:55 pm
Giant Slayer
14,546 posts
Bidencrimefamily » 14 Jan 2024, 1:51 pm » wrote: Well if you ignore the truth.

I just posted a link to you to show you the truth you ******* hypocrite. 

Trust me, all of us here are not surprised that you didn't bother with it. 
Retarded Horse's view on women.

JohnEdgarSlowHorses » Today, 7:28 pm » wrote: ↑Today, 7:28 pm
  • I LOVE IT WHEN A CRACK WHORE GETS BEAT UP Image
  • I WANT TO WATCH YOU BEAT YOUR CRACK WHORE WIFE Image Image Image
  • PUT THAT WIFE BEATER ON AND GET BUSY
viewtopic.php?f=3&t=90783&p=2628993#p2628993
User avatar
righteous
14 Jan 2024 1:23 pm
User avatar
      
9,140 posts
As President Trump came into office in 2017 — and oil prices began to recover from the devastating price war with OPEC — oil production began to rise again. Just before the Covid-19 pandemic hit the U.S., oil production had reached 13.0 million BPD, a monthly increase of 4.1 million BPD from Trump’s inauguration month.

This increase marks the greatest single term increase during any U.S. presidency

By the third year of Obama’s second term, U.S. oil production had nearly doubled to 9.7 million BPD. However, a price war with OPEC caused oil prices to crash and oil production to subsequently decline during Obama’s fourth year.
Oil production during a presidency (two terms) took place under President Obama (3.8 million BPD across both terms).


During President Biden’s first two years in office, production has increased by 0.57 million BPD. It’s a pretty safe bet that President Biden won’t reach the levels seen during the Obama and Trump administrations. 


BIDEN IS WAY BEHIND IN OIL PRODUCTION OF BOTH PRESIDENTS OBAMA AND TRUMP.
BIDEN IN 2023 PRODUCED 1 MILLION BPD. BIDENS 10 MILLION BPD DEPENDENCE ON OPEC OIL HAS CAUSED THE HUGE INCREASES AT THE PUMPS.
 
TRUMP WAS PRODUCING THE MOST DOMESTIC OIL BPD AT 13 MILLION AND THE COSTS WERE REFLECTIVE OF IT.
User avatar
Bidencrimefamily
14 Jan 2024 1:46 pm
User avatar
Child Groomer, Sexual Predator
8,284 posts
And all the suadis been doing here lately is cut production.
User avatar
Bidencrimefamily
14 Jan 2024 2:19 pm
User avatar
Child Groomer, Sexual Predator
8,284 posts
Thus, in the last year of his presidency, Trump oversaw the worldwide cuts in oil production that would lead to today’s prices soaring well past $130 a barrel.

Which brings us to today, with oil prices soaring. When President Biden tried to reach out to our allies, Saudi Arabia and the UAE, to ask them to restore the production they’d cut under threat from Trump, both refused to take his call, according to press reports. Meteor Blades reported at Daily Kos that The Wall Street Journal laid it out:
User avatar
*GHETTO BLASTER
14 Jan 2024 4:08 pm
User avatar
      
11,446 posts
Bidencrimefamily » 14 Jan 2024, 3:19 pm » wrote: Thus, in the last year of his presidency, Trump oversaw the worldwide cuts in oil production that would lead to today’s prices soaring well past $130 a barrel.

Which brings us to today, with oil prices soaring. When President Biden tried to reach out to our allies, Saudi Arabia and the UAE, to ask them to restore the production they’d cut under threat from Trump, both refused to take his call, according to press reports. Meteor Blades reported at Daily Kos that The Wall Street Journal laid it out:
 
Bidencrimefamily » 4 minutes ago » wrote: 
4 minutes ago
Like anybody believes the **** you post. You are a pathological liar.  Image   Image   Image   Image   Image  that's why I don't usually answer you. It's a waste of time. All youre going to do is lie.  Image
Go ahead and back this claim of yours up with proof you cowardly POS.
Be a man for a change and back up this claim of yours..you cowardly little ****** bitch......
 Image  
 
 
1 2 3 4 5 10

Who is online

In total there are 3168 users online :: 14 registered, 16 bots, and 3138 guests
Bots: SiteLockSpider, okhttp, proximic, MicroMessenger, ADmantX, CensysInspect, NING, DuckDuckBot, YandexBot, Applebot, bingbot, Mediapartners-Google, facebookexternalhit, Googlebot, CriteoBot, curl/7
Updated 1 minute ago
© 2012-2026 Liberal Forum

Search