Wednesday, October 05, 2022

OPEC+ BACKSTABS the US over Oil - Biden Era

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. 

Guardian Review of the Liz Truss's speech to the Party Conference - Liz Truss Era


Lets Get Real:

This is the LEFT WING Guardian, thus an OKAY from them means it was a great speech and went down well with the Party Conference and should with a pity of luck go down well with the Country.  It will be interesting to see how the speech is treated during the day by the 24/7 news networks and by the later BBC News at 10.  The PM was damaged by the need to abandon the 45p tax cut, she did not have the numbers in the HOUSE OF COMMONS, the Whips have to do a better job, put the fear of God in to MPs, they are there because they had the Conservative symbol by their name, that can be removed if they get out of line.  The Cabinet needs to recall collective responsibility, the Government should speak with one VOICE, and that is the PM voice.  On the whole a good day for the PM, let' see how the Markets are at the end of the day. 

Key moment of PM Liz Truss Speech at the Party Conference - After Brexit/After Boris


Lets Get Real:

The above are great lines, but can the PM get her agenda through the House of Commons, can she get the support of Conservative MPs, far to many like to see their own pet agenda in headlines, Young Tobias or OLD Gove, that is the problem when you have been in power for 12 years, there are to many former Ministers on the backbenches who see their political careers as over and those that have pet projects, like Young Tobias who wants to get the UK back in to the EU or OLD Gove who is being the opposition because he can, he had backstabbed to many PMs for him to be taken seriously, but he is by the left wing press.  PM Truss has to be like Lady T, make sure she has supporters in the House of Commons, she should visit the tea rooms, get to know her MPs.  The Truss agenda can not be just imposed, it needs to become part of the Party agenda .

US Support for the Ukraine could LEAD to Conflict - Russia - Ukraine - Russia War - Biden Era


Lets Get Real:

The Russians are losing in the Ukraine, the Ukrainian Army is pushing the Russians faster than they can run, and there must be a FEAR that Putin will use a low yield nuclear bomb in the the Ukraine sector.  The Russians are moving their nuclear train close to the Ukraine border, one does hope that Putin has not gone MAD, is there any one in the Kremlin bunker to tell him to STOP.  The reason the Russian soldiers could be moving to fast could be they think that Putin has decided to use a nuke, and they do not want to fall victim to that, that is just a THEORY of this blog.  Putin is like a cornered rat, he might bite at any time and any direction.   KYIV Government has the Russians on the run, they should push hard before winter comes and the ground and weather makes it cold to fight, very much like World War 1 over again.