Fossil..

 

Bottom Up..

 

Biden “I Guarantee You We're Going To End Fossil Fuels” - 

President Biden's Administration didn't mention any thing about food shortage, Inflation, Retirement plans, Economy, Interest rate, and promise to encourage war everywhere, Defending Democracy as we exercised it in Afghanistan. 

Just a thought.

Up-Down..

 

The White House condemned the OPEC+ decision and said in a joint statement released  that Biden was "disappointed by the shortsighted decision by OPEC+ to cut oil production by 2 million barrel a day.

Earlier

Biden “I Guarantee You We're Going To End Fossil Fuels” - 

Oil prices began an upward trend during Biden's first days in office, after he used executive orders to cancel the Keystone XL pipeline and paused oil and gas leases on federal lands.

The problem here is the November election next month.

 The Biden's administration has been all over the map when it comes to oil. Want to end it, then want more of it. Want to save the Earth today, but wants the power of cheap gas. Wants more to sell to Europe, and wants less from the Russians, Wants to ride popularity contest with Climate Change, Green world, but eying the Election in November.  We want Power, not Policy.  Just a thought.

Yep..

 

Plus..

 

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.

OPEC+ 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.

US and the West enacted sanctions on Russia that also curb the oil production and causing a havoc in the energy market for the past few months.  

There are many reasons why blaming someone else for your problems is called narcissism, denial, and projection. It's also merely an intense form of self-absorption and selfishness. After all, it's much easier to throw your problems onto someone else rather than reflect inwards.

Power..

 

Tent..

 

Rounded..

 

Election..

 

In 2021. It's Biden focused on climate change. No more drilling keddo, no more Fossil Fuel.

Six Months later with prices hitting the roof, the Biden's admin released 50 million Barrels of oil, followed by 180 Million Barrell release to lower prices. This didn't work.   

By then, the Biden's admin. put aside the hot topic of Global Warming, and looked to solve the massive inflation problems.  Then came the Russia/Ukraine war and enacted the Sanctions, after cancelling Nord Stream 2 pipeline. 

Prices, and inflation, exploded and Europe is facing major difficulties.  

 A visit to the Saudi asking to increase their oil production against the Saudi's better judgment  

The Opic + members announced production cuts by 2 million Barrels a day is an attempt to reverse the slide of oil prices from $120 to $80, despite rerepeated pressure from U.S. President Joe Biden’s administration for the group to pump more to lower fuel prices ahead of midterm elections next month.

Climate Change, or Cheap energy or the election?  Just a thought.

Fault..