Biden Depletes US Oil Reserves As OPEC Slashes Production

Biden Depletes US Oil Reserves As OPEC Slashes Production. In a move that looks like it’s sticking it to the Democrats with the midterm elections nearing, the Biden White House on Wednesday lambasted OPEC and its allies for what it called a “shortsighted decision” to cut oil production by two million barrels per day. The move could lead to even higher gas prices in the United States. The US oil piggy bank is half empty. OPEC+ today announced cutting oil supply by 2MB per day. The Dems Are Being Squeezed! 😆

Fox9 News reports: The OPEC+ alliance of oil-exporting countries on Wednesday decided to sharply cut production to support sagging oil prices, a move that could deal the struggling global economy another blow and raise politically sensitive pump prices for U.S. drivers just ahead of key national elections. Energy ministers meeting at the Vienna headquarters of the OPEC oil cartel cut production by 2 million barrels per day starting in November at their first face-to-face meeting since the start of the COVID-19 pandemic. OPEC+ said the decision was based on the “uncertainty of the global economy and oil markets.

The US oil piggy bank is half empty… OPEC+ today announced cutting oil supply by 2mb per day…

Making Biden’s release of 1mb per day look increasingly futile… and unsustainable as the SPR is getting depleted to dangerously low levels… pic.twitter.com/1PSG1nkxRO

— Wall Street Silver (@WallStreetSilv) October 5, 2022

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,” Sullivan and Deese said in a joint statement. President Biden was “disappointed” by OPEC’s US Oil Reserves decision. [Coming from the chairman of the Biden crime family it’s laughable.]