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Tag: OPEC

What goes around ….comes around

What goes around ….comes around

I started my blog with this, 12 years ago The IEA Reiterates Its Peak Oil Demand Prediction Authored by Irina Slav via OilPrice.com, In its latest World Energy Outlook, the International Energy Agency has reiterated its claim that crude oil, natural gas, and coal demand will peak before 2030. The agency sees the emergence of a new clean energy economy as providing hope for the way forward, emphasizing the economic case for clean energy technologies. The report focuses on the…

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Revisiting the 1973 oil crisis

Revisiting the 1973 oil crisis

I am old enough to remember this. Let’s revisit history Did the Bilderberg Group orchestrate the 1973 oil crisis? In 1973 the Bilderberg Group discussed the shift that was underway in the political, economic, strategic and power relationships between the oil-producing countries, the consumer countries and international oil companies.  Five months later the Arab oil embargo was announced throwing the world’s economy into the steepest economic contraction since the Great Depression. Various commentators have suggested that this may not have been…

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Oil Soars To New 2023 High and other stories

Oil Soars To New 2023 High and other stories

Oil Soars To New 2023 High After Saudis, Russia Surprise With Extended Production Cut Just days after we said that Saudi Aramco floating to sell up to $50 billion in new stock meant that oil is about to soar much higher… Oil is going higher https://t.co/34CQ08p6uU — zerohedge (@zerohedge) September 1, 2023 … moments ago oil exploded higher after first Saudi Arabia and moments later Russia surprised markets by announcing that the recently implemented production cuts would be extended through year-end, well beyond the 1 month…

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Today might be the day history records as the end of the Unipolar Order

Today might be the day history records as the end of the Unipolar Order

OPEC CUTS OIL PRODUCTION Within the past few hours today, the Organization of Petroleum Exporting Countries (OPEC) has agreed to a cut of one million barrels a day in oil production.   This comes just after Russia announced a cut of its own by 500,000 barrels per day.   These cuts will now drive UP the price of oil and, by extension, gasoline and Diesel fuel. Since the illegitimate Biden regime here in the US has drained much of our Strategic Petroleum…

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Wake Up Sleepy Joe: Saudis Cozy Up to Russia

Wake Up Sleepy Joe: Saudis Cozy Up to Russia

*OPEC+ IS ALIGNING WITH RUSSIA WITH ANNOUNCEMENT: JEAN-PIERRE OPEC Snubs Illegitimate Biden; Cuts Oil Production 2MM B per day The Organization of Petroleum Export Countries (OPEC) met in Vienna, Austria and agreed to CUT oil production by two million barrels per day, despite strong input from the United States seeking an increase in output. A group of some of the world’s most powerful oil producers on Wednesday agreed to impose deep output cuts, seeking to spur a recovery in crude…

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