• I really hope that this is the calm before the storm, because an economy with only takers cannot sustain itself.

    #SoMee #someeofficial #someeunofficial #shitpostcentral #onlytakers #nocommunity #grift #milkinit #shortsighted #noengagement #boring
    I really hope that this is the calm before the storm, because an economy with only takers cannot sustain itself. #SoMee #someeofficial #someeunofficial #shitpostcentral #onlytakers #nocommunity #grift #milkinit #shortsighted #noengagement #boring
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  • OPEC+ Agrees Deep Oil Production Cuts, Biden Calls It Shortsighted
    OPEC+ agreed steep oil production cuts on Wednesday, curbing supply in an already tight market, causing one of its biggest clashes with the West as the U.S. administration called the surprise decision shortsighted.
    OPEC's de-facto leader Saudi Arabia said the cut of 2 million barrels per day (bpd) of output - equal to 2% of global supply - was necessary to respond to rising interest rates in the West and a weaker global economy.
    The kingdom rebuffed criticism it was colluding with Russia, which is included in the OPEC+ group, to drive prices higher and said the West was often driven by "wealth arrogance" when criticising the group.
    The White House said President Joe Biden would continue to assess whether to release further strategic oil stocks to lower 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," the White House said.
    Yesterday, US representative Ro Khanna published an Op-Ed titled, "Which Side Are They on? Our Saudi Friends Cannot Have It Both Ways on Oil Politics"
    Source: Reuters (https://www.reuters.com/business/energy/opec-heads-deep-supply-cuts-clash-with-us-2022-10-04/)
    Ro Khanna's Oped- https://finance.yahoo.com/news/commentary-side-saudi-friends-cannot-115800316.html
    Follow:????
    @G3News
    OPEC+ Agrees Deep Oil Production Cuts, Biden Calls It Shortsighted OPEC+ agreed steep oil production cuts on Wednesday, curbing supply in an already tight market, causing one of its biggest clashes with the West as the U.S. administration called the surprise decision shortsighted. OPEC's de-facto leader Saudi Arabia said the cut of 2 million barrels per day (bpd) of output - equal to 2% of global supply - was necessary to respond to rising interest rates in the West and a weaker global economy. The kingdom rebuffed criticism it was colluding with Russia, which is included in the OPEC+ group, to drive prices higher and said the West was often driven by "wealth arrogance" when criticising the group. The White House said President Joe Biden would continue to assess whether to release further strategic oil stocks to lower 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," the White House said. Yesterday, US representative Ro Khanna published an Op-Ed titled, "Which Side Are They on? Our Saudi Friends Cannot Have It Both Ways on Oil Politics" Source: Reuters (https://www.reuters.com/business/energy/opec-heads-deep-supply-cuts-clash-with-us-2022-10-04/) Ro Khanna's Oped- https://finance.yahoo.com/news/commentary-side-saudi-friends-cannot-115800316.html Follow:???? @G3News
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