The White House: Has a Statement by the White House on the decision of OPEC+ to reduce Oil in the system and thus increase prices, " The President is disappointed by the shortsighted decision by OPEC+ to cut production quotas while the global economy is dealing with the continued negative impact of Putin’s invasion of Ukraine. At a time when maintaining a global supply of energy is of paramount importance, this decision will have the most negative impact on lower- and middle-income countries that are already reeling from elevated energy prices......At the President’s direction, the Department of Energy will deliver another 10 million barrels from the Strategic Petroleum Reserve to the market next month, continuing the historic releases the President ordered in March. The President will continue to direct SPR releases as appropriate to protect American consumers and promote energy security, and he is directing the Secretary of Energy to explore any additional responsible actions to continue increasing domestic production in the immediate term.....In light of today’s action, the Biden Administration will also consult with Congress on additional tools and authorities to reduce OPEC’s control over energy prices.....With the passage of the Inflation Reduction Act, the U.S. is now poised to make the most significant investment ever in accelerating the clean energy transition while increasing energy security, by increasing our reliance on American-made and American-produced clean energy and energy technologies. "
Lets Get Real:
One can assume that the Presidential visit to Saudi Arabia did not build bridges with the regime, that is what happens when you castgate its leader in your Presidential campaign, as Biden did in 2020 and then go and ask for a favour. Less oil in the system, helps Russia with its fight with the West, Putin's Kremlin will be very happy, thus the Biden Oval will have to make sure that oil prices do not go up before the November Mid Terms, and also that Western Allies have enough power to prevent power cuts, in that case this would be Germany. It could be a very cold winter in Europe. Thus one can see the Putin strategy, weaken Europe through the Winter, force them to place pressure on Ukraine to give up areas to Russia, also if that does not happen, have a low yield nuclear bomb ready to go if the Russians take more losses, even Russia State media is starting to brake, the Russian people cannot say they do not know what is going on, the young men of Russia are heading for the borders, the gossip about the deaths will get through, this happened during the Russian invasion of Afghanistan in the 1980s. Putin does not have all the time in the World.
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