Showing posts with label OPEC. Show all posts
Showing posts with label OPEC. Show all posts

Thursday, April 30, 2026

UAE withdraws from OPEC

The United Arab Emirates is walking away from OPEC after nearly 60 years of membership

The withdrawal takes effect on May 1, and it strips the cartel of one of its three largest producers in the middle of an active war, with the Strait of Hormuz still contested.

Read between the lines of this announcement. For half a century, OPEC dictated what Americans paid at the pump, and the cartel used energy as a weapon against the United States and our allies. President Trump called it out for exactly what it was, which is a rigged system designed to rip off the American people and the rest of the free world.

Today, the cracks are showing for everyone to see. That cartel is fracturing under the leadership of a Commander in Chief who refuses to let foreign capitals dictate the price of a gallon of gas in America or the security of the American homeland.

I want every American to understand what this moment actually means. Energy dominance is national security, and national security is the foundation of American freedom. Every barrel produced outside of an OPEC quota is leverage that returns to the United States. Every fracture inside that cartel is a direct win for American families, American workers, American industry, and American sovereignty.

[Michael T. Flynn LTG USA (RET)]

Read more about it...

Thursday, October 6, 2022

Insanity: Biden Energy Policy

OPEC Cuts Oil Production by 2 Million Barrels per Day as Us Strategic Reserve Nears 40 Year Low

Gas could go to $10 a gallon

Biden’s on track to practically empty our strategic oil reserves to get Democrats elected in November. He agreed not to deplete any more of it and the very next day changed his "mind."

Cancelling the Keystone Pipeline was a history-book-level screw up.

Read about the Biden screw-up

Joe, start producing American energy. Forget the Green New Deal. Forget China.

Wednesday, November 24, 2021

Biden is selling our country down the river

With Oil Prices Sky High, Biden Decides to Sell US Oil Reserves Overseas

Biden has been urged to tap into some of America’s wealth of strategic petroleum reserves (SPRs) to ease the crisis. Instead of pleading with adversarial nations within OPEC (actually he has pleaded with OPEC and they told him to buzz off)to raise production, why aren’t we using the energy sources that are right under our feet?

It appears this strategy is on purpose as well. While Biden blames OPEC and Russia for high fuel prices, some report that Biden has ordered the tapping of our SPRs. However, he’s not using them to help everyday Americans save money at the pump.

Biden is selling our precious petroleum to Asia. Keep in mind; this is the same Joe Biden who, through his criminal son, has nefarious ties to many Chinese businesses. This isn’t some questionable policy. Joe Biden is selling out America. It’s on purpose.

Read about the selling off of America And you Democrats still support this Benedict Arnold.

Friday, January 15, 2016

OPEC - One Slippery Slick Group - How low can they go?

While reading about the price of gas at the pump, there is so much Mid-Eastern politics behind the scenes that is making this happen. And while Democrats cheer that the price of gas at the pump is low and continue to give kudos to Obama for this cheap gas (who has nothing to do with it), "OPEC has increased its oil production levels that are having huge effects on the American oil industry and affecting economies on a global scale.

In fact, 123,000 U.S. energy- and oil-related jobs have been slashed since January 1, 2015. Big Oil stocks like Exxon Mobil, Chevron and ConocoPhillips have tumbled dramatically... down by as much as -29%, -39% and -41%, respectively, in the past year alone." Source:  Breitbart

Why is OPEC doing this? It is attempting to push this country out of the oil business by flooding the market thus driving down the price of oil to levels we haven't seen since the depression in 2009. They are so scared that we can be self-sufficient, if we so choose, but they are killing off the threat from the US shale industry that sent crude to its lowest level in seven years. 

America is the largest producer of oil in the world and OPEC is trying every trick to drive us out of business. Our companies are losing money (wages, benefits too high, etc.) and OPEC is making it unprofitable for our companies to compete as well as other countries whose economies depend on oil exportation to survive such as Venezuela.

Democrats keep rallying around a higher minimum wage but we are having trouble competing right now on a global level and our oil business is taking a giant hit. Sadly, too, Democrats hate fossil fuels. We even hear it from our own Lake Worth dais. Luckily, our economy does not depend on oil alone as does Saudi Arabia's at 90%. But, OPEC now faces a permanent headwind. Each rise in price will be capped by a surge in US output. Our infrastructure is in place. If we can hang in there, it's our technology that will pull us through.