Thursday, October 6, 2022
Pile..
American officials are intensifying efforts to build a giant stockpile of weapons in Taiwan after studying recent naval and air force exercises by the Chinese military around the island, according to current and former officials.
The exercises showed that China would probably blockade the island as a prelude to any attempted invasion, and Taiwan would have to hold out on its own until the United States or other nations intervened, if they decided to do that, the current and former officials say.
The United States and its allies have prioritized sending weapons to Ukraine, which is reducing those countries' stockpiles, and arms makers are reluctant to open new production lines without a steady stream of long-term orders. And it is unclear how China might respond if the United States accelerates shipments of weapons to Taiwan, a democratic, self-governing island that Beijing claims is Chinese territory.
Bottom Up..
Biden “I Guarantee You We're Going To End Fossil Fuels” -
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.
EarlierOil 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.
Wednesday, October 5, 2022
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.