Jack Chen

Saudi Arabia has announced that it has decided to extend by three months the cut in daily oil output of one million barrels per day.

As a result, oil prices skyrocket. The price of a barrel of Brent oil crosses $90 for the first time since October 2022 despite weakening economies around the world with anticipated lower demand….

The "Biden” administration is not happy with the move... sure….

Saudi Arabia, Russia extend voluntary oil cuts to year-end, markets jump
reuters.com

Tim adds:

Russia wants oil prices high; it's how they are funding their war in Ukraine.

I'm sure Bide is tickled pink (the pinko) by this as it gives him cover and helps him promote "green energy" and kill off gas-powered cars. Oh, and it keeps the war in Ukraine going, something he needs to hide what he is doing elsewhere.

Posted by: Timothy Birdnow at 11:32 AM | No Comments | Add Comment
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