White House accuses Opec+ of aligning with Russia
David Shepherd, Derek Brower, Tome Wilson and Justin Jacobs – FT.com Oct 5, 2022
Putin greets Saudi Crown Prince Mohammed bin Salman in Beunos Aires. Click to enlarge
The White House has accused Opec+ of aligning with Russia after Saudi Arabia led the group in agreeing deep oil production cuts, prompting a backlash from countries already battling surging energy inflation triggered by Moscow’s invasion of Ukraine.
The Opec+ group said it would reduce production targets by 2mn barrels a day, equivalent to 2 per cent of global supply, following its first in-person meeting in two years in Vienna. The actual cut in output is likely to be closer to 1mn b/d as many weaker members have struggled to hit production targets in recent months.
The decision to cut came despite extensive lobbying by the US government before the meeting and marks a significant breach with the Biden administration, which is seeking to drive down oil and petrol prices ahead of crucial midterm elections in November and to starve Russia of energy revenues.
The Biden administration criticised the move on cuts, saying it was a “shortsighted decision” at a time when “maintaining a global supply of energy is of paramount importance”. A White House spokesperson told reporters on Air Force One it was “clear” Opec+ was “aligning with Russia”, according to Reuters.
Saudi Arabia’s energy minister Prince Abdulaziz bin Salman dismissed suggestions that the cartel’s cuts would hurt oil consumers, arguing instead that the group’s actions were intended to encourage long-term investment in oil production.
“Show me where is the act of belligerence,” he said in response to questions following the announcement. Energy markets required “guidance without which investment would not happen”.
In response to the Opec+ decision, the US said it would continue to release oil from its strategic stockpiles “as appropriate” and was exploring “additional responsible actions” to lift domestic oil supply.
Biden will also work with Congress on legislation to “reduce Opec’s control over energy prices”, its statement added, in an apparent reference to anti-cartel legislation known as NOPEC that has long been considered by US lawmakers but never passed.
Oil prices have risen more than 5 per cent since Friday in the run-up to the meeting, and international benchmark Brent edged higher to $93.95 a barrel after news of the cut.
Analysts said Saudi Arabia’s move, which will damage western governments’ efforts to curb Russian oil income used to sustain its war in Ukraine, marked a significant moment in Riyadh’s 75-year-long energy alliance with the US.
“Saudi Arabia has set Opec on a collision course with the free world. They have sided with Russia in the name of protective oil market management — just as consumers across the world are battling inflation and the rising cost of living,” said Bill Farren-Price, a veteran Opec watcher at consultancy Enverus. “There are bound to be political consequences for Riyadh.”
The cartel’s decision to cut comes hours after EU countries agreed to a US plan to impose a price cap on Russian oil exports, an effort by western countries to drive down prices of crude and fuel. Saudi Arabia and other Opec Gulf countries feared this plan would cut oil prices across the board and could even be used against them in future.
“This is hugely political and a very clear signal of Opec’s discontent regarding the price cap,” said Amrita Sen, chief oil analyst at Energy Aspects. “Regardless of whether the price cap is actually effective, they see this as a dangerous precedent.”
Opec secretary-general Haitham al-Ghais from Kuwait argued the group was providing “security” and “stability” for energy markets.
“Everything has a price,” he said. “Energy security has a price as well.” United Arab Emirates energy minister Suhail Al Mazrouei said that the group was focused on averting an oil price crash like the one in 2008, and did not want to get involved with discussions over Russia’s role in the market.
“In Europe they have their own story, in Russia they have their own story. We can’t be siding with this country or that country,” Mazrouei told the FT.
Also see:
The White House Is In A Panic To Stop The OPEC+ Production Cut
Oil today, gone tomorrow😒
The most important thing in the world is to bring down the Satanic oligarchy that runs the West! Rigging elections, overthrowing governments, provoking war, blowing up pipelines, hormone blockers & Frankenstein surgeries for teenagers, Open Borders third world replacement, abortion, deadly vaccines… The power of creating fiat money out of nothing and counting their compounded interest isn’t enough for some people apparently..
LIZ TRUSS IS A TRAITOR
anyone who serves another apart from who hires them is a traitor
Thatcher Churchill Blair Bad-Boris and now Truss
she serves israel
please putin come bomb our government
love you putin
http://www.renegadetribune.com/british-pm-liz-truss-i-am-a-huge-zionist/
All of these greedy slimeballs and their crooked dealings reminds me of the ludicrous assertion that’s been put about for years now that the humans are trying to “save the planet”. How does burning oil save the planet? But then, it was always a lie, as everything every human says is always a lie.
How can production be cut when an oil well cannot be switched on and off. Turning the flow off and the wells will have to redug and once the storeage facilities are full, there is little they can do but reduce the price. Natural gas is different, it can be flared off.
The main problem is that oil and fuels derived from them, have long been used as a political weapon against NWO sheeple.
Western regimes are quite capable of cutting fuel duties, but instead, they are belligerent towards their own sheeple. Oh come on, return to your desks and pay high taxes to do so.
One of the main reasons why diesel is so expensive. Is that no one wants to invest new refineries.
The West has maybe 3yrs to reverse its ban on diesel and petrol cars, because after that window has passed, the damage will be baked in the pie so to speak, and then Western economies will literally fall off a cliff.
A recent C4 documentary on EVs. Says hybrid cars are worst than diesels, and that a hybrid must cover 70k before it pays environmentally.
If motor manufactures had continued diesel development, diesels would become clearer than EVs, and this is the main reason why regimes had to act swiftly so the didn’t loose control of the agaenda.
We don’t just have budget liabilities which we can’t afford, but the same idiots have loaded in policy decisions that will be a disaster, especially in the UK.
OPEC should cut oil production even further. After all, it was a hot summer and there was a flood in Pakistan and a hurricane in Florida. That’s enough for me.
Global warming needs to be reduced, and higher fuel prices will help keep the earth from boiling to death.
Let’s get those gas prices up before election day.
Ah guardate la grande famiglia che si riunisce: “Il Salafis-Fuckerino (MBS) e il Chabad Luba Bitcho Tavarish Vlad, fantastico, bravi, bravi ragazzi!!!”
““Saudi Arabia has set Opec on a collision course with the free world…” No they haven’t, everything is going according to the the Talmudic plan to annihilate Edom, aka the West, we’re all fookt, the jooz are having a good laugh, that’s all
“…a backlash from countries already battling surging energy inflation triggered by Moscow’s invasion of Ukraine”
More MSM disinformation. “Surging energy inflation” is triggered from sanctions placed on Russia by bought and paid for treacherous politicos who are intent on destroying their own countries and peoples on instructions from their ((( masters ))).
Europe was where the first internal combustion engine was invented and used to propel the car.
Now the ‘green way’ is to have electric cars. Well if the petrodollar is sunk the internal combustion engine may live on.
Let’s be honest, people who love their cars love their cars with engines.
Why should the Europeans cooperate with ‘West Left West’ in this new electric technology when it is fundamentally flawed?
If Saudi Arabia walks away, European engines will keep the car engine alive until engines can run on something else.
more jimmy saville exposures
https://www.conspiracytruths.co.uk/jimmysavilebbcpaedophile.html
That’s excellent news for the world in general…but unfortunate for me personally (due to the higher gas prices I’ll be paying). The excellent aspect of it will, I hope, lead to a well-deserved routing of Democrats in the upcoming mid-term elections. Not because I believe the Republicans are any better…both parties are grotesquely bloated on bribe money from Jews…but because I believe that any expression of anger and disgust from the people is healthy…though, alas, not necessarily effective. And, of course, the DimWitOCrats will probably try cheating again…it worked so well for them in the previous election! Regardless of what OPEC may do, I’ve believed all along that the fuel prices are contrived and that, once the election is behind us, the prices will commence to sky-rocketing again…because that’s consistent with the Great Reset agenda. You see, if you can’t lock down the inmates by force, you foster conditions that convince them to lock themselves down.
The funny thing is all these ‘refineries’ although notionally owned by arabs are really ‘Empire’ property…
Thus one must conclude that all these shenanigans are all part of the ‘plan’..
and that ‘plan’ predominantly being the de-industrialisaton (of Europe and eventually Yankees) agenda.. which they hope will save their hopelessly corrupt and bankrupt central banking ‘Empire’…
All this via a reset of how ‘currency’ and imbeciles are ‘managed’… (they still get to manage them).. and to do this real resources have to be headed ‘off’….(temporarily).. and the books ‘balanced’.. (hostile takeover/asset strip)..
Which when one thinks about it..is the recourse of the criminally insane…
NB: l should clarify… these bankers seek to create an ‘overt’ technocratic political system of governance to replace the failed subverted democratic model…
lt will probably be headed up by fake fascists in the ‘mellons’ Meloni mould…
whose only purpose will be to enforce vaxxxine mandates… and enforce the worship ‘jews’…
I hope gas goes to over $10.00 per gallon soon. Then no democrat will win anything. I hate the idiot Biden and his dark occult handlers, and his degenerate pervert pedophile druggie corrupt spawn, Hunter. I hate liberals for destroying the best country on earth.
“The US and other “friendly” gas-supplier states have been profiting from the worsening energy crisis in the EU, Germany’s Economy Minister Robert Habeck said on Wednesday.” He should have known the US might stick its dick up his ass. He’s been sucking it long enough. (For those with a VPN:)
https://www.rt.com/business/564092-berlin-denounces-washington-astronomical-profiteering/
Let’s set aside for the moment that the planet has warmed so little, it’s almost negative; that CO2 is NOT at a critical level at all, in fact it’s at about 440 PPM, if it goes down to 150, life ends; that the Medieval warming period was warmer than today without industry and automobiles and Polar Bears are still with us; that the media is artificially raising concerns on climate change. Let’s forget all that for a moment.
A company in British Columbia Canada has devised a way to turn CO2 in to fuel with no environmental impact(unlike EV’s), and with no changes to current gas refuelling centres, and no changes to current gas powered vehicles. So if western governments are genuinely concerned about climate change and CO2, shouldn’t they all be pushing this new technology? All I hear from them is Crickets.
@Cathy You’re waking up a bit late. You(collectively) destroyed the greatest country 77 years ago.
The latest Truss train wreck is 3 hour blackouts in the coming months according to one charity their foodbank use has increased 60%. The imbecile is in Prague no doubt Zelensky is hoping her unique skills are kept well away from the affairs of Ukraine.
Where’s my nuclear-powered Bentley? Get on it, Germany!
YES YOU SENIL IDIOT !
ISRAEL WILL GO TOGETHER
WITH RUSSIA +CHINA AGAINST
USA !
Yupp antiJHWH… China has forgiven them for the Opium Wars & Russia has forgiven them for the Russian Christian genocide committed by the Judaeo-Bolsheviks …
Oy Vey…….
The day that people can get it through their heads, that EVERYTING is controlled by the satanist freemasonic loge members, identify them and you have your culprits. Amazing that this so hard for people to get.
Biden has already lost it – a very long time ago – when he showered with his daughters. The man is certifiable.
His presidency (stolen and illigetimate) is on the rails. Kind of reminds me of Nixon and Watergate, but this time is is Hunter Biden selling influence to the Commie Chinks.
Midterm elections are going to judge his fail performance, and the everyday Goyim slave is not amused with his trannies and gays. Can you image what the Amish think of Joe Biden? Or any strict anti-abortion Catholic? Regular Joes are repulsed by the site of that senile old fart.
Really people, the average Amerikan working slave is very conservative, but misled by Jew TV, because all they see on the JEW-WHORE-TUBE is a bunch of left wing lunatics with BLM signs and gay tranny faggots, which do not represent the nation at all. So come midterms, the DEMONCRAP PEDO BUTTSEX GLOBOHOME FUDGEPACKER PARTY is going to be dealt a death blow, I guarantee it. Their agenda is like shit on a dick – so repulsive that not even a drunk whore would go down on it!
Betting odds predict it:
https://www.electionbettingodds.com/House2022.html
Gasoline prices out west in Amerika are at record highs, I am paying over $5.50 a gallon. I am mad as hell about it – and I have a job and can pay it because I have a car that gets over 50 mpg. Everyone else is completely screwed, many people I know have had to stop driving – and out west the distances between towns is great. People are literally tapping home equity to buy gasoline!
https://www.gasbuddy.com/gaspricemap?lat=38.822395&lng=-96.591588&z=4
Bottom line? Gas prices are going to cause a Democrap rejection in the vote come first Tuesday in November:
https://www.timeanddate.com/countdown/election?p0=179&iso=20221108T2359&msg=Pat%20Toomey%20Loses%20His%20Senate%20Seat
Saudi Arabia has seen the writing on the wall. If they persist in this course, the US will probably attempt ‘regime change’ probably using a disgruntled minor Saudi royal as their puppet.
This site has now become pure misdirection. “Nuclear” this and that, The World Will End Tomorrow, Russia as the West’s adversary, Iran missiles here there and everywhere, “revealing” what everyone has known for years, and to top it all off the idiotic pseudo-occult columns from the Dog Poet Transmitting and his ilk.
GOODBYE.
Biden does not care about gas prices. He was the runner up last election, and yet got installed as the president.
the US exports more oil every day than it imports
@ randolph
the nazis could size all memberlists
of parties+organisations they wanted
imprisoned but the freemasons have no
open membership lists . so it is very
difficult to find out who is masonrymember.
probably only by torturing them .
@ anonymous
the saudis have everything under control
and israels mossad helps them !