This is not a race

When Emmanuel Macron complained to Biden that the Inflation Reduction Act will hurt European businesses I made fun of him. I made fun of all the European politicians who complained about the IRA because, really, it has always been pathetic to assume someone other than yourself should take care of you and your strategic interests because you’re friends.

This is not a race (original)

Egypt-Palestinian Authority Deal on Gaza Gas Fields Likely Won’t Serve Palestinians, but Israel Instead

Reports have emerged indicating that a deal between the Palestinian Authority and Egypt, over the extraction of natural gas that is located off the coast of the besieged Gaza Strip, could be within reach. Although this has been hailed as a positive development by Ramallah and Cairo, the issue could cause more harm than good and amount to the theft of Palestinian resources.

Egypt-Palestinian Authority Deal on Gaza Gas Fields Likely Won’t Serve Palestinians, but Israel Instead

Strikes & protests in France (and demonstrations in the US)

Strikes grow as Macron postpones threat to crush French refinery strike

Related:

French left-wing parties gather protesters to march in Paris, as refinery strikes persist

The French call for NATO exit

MSM was all over the cost of living protests but nothing about the Anti-NATO protests. Videos have emerged of police repression in Paris (at which protest, I’m unsure). Meanwhile, in the US, the Poor People’s Campaign, and allies, held multiple demonstrations to get out the vote (which were mainly covered by local news).

White House Leaves Door Open For Additional SPR Releases + It’s Implications

The White House said on Tuesday that it has many options to counteract OPEC+’s looming production cuts, including the release of even more crude oil from the nation’s Strategic Petroleum Reserves.

White House Leaves Door Open For Additional SPR Releases

Related:

The Implications Of U.S. SPR Withdrawals

Implications of OPEC-+ Production Cut 

I think OPEC has not learned from its past mistakes, as it is not a good time to cut oil production by 2 million bpd in November 2022, especially at a time when global economies are under pressure. While higher oil prices at this juncture may bring much needed oil revenues to (national) oil companies and OPEC members, this will come at the cost of accelerating a global recession, bringing more misery to consumers. Consequently, it will weaken global oil demand and oil prices. Oil prices in the range of $70-$80/bbls at this difficult time could be a win-win situation for both producers and consumers, and shield global economies from collapsing. Consequently, the U.S. should take its own measures to enhance its domestic oil production, encourage EVs and halt further releases of the SPR. Running down the SPR will allow OPEC+ more flexibility to play around with production.

Meanwhile:

U.S. Rig Count Slides Amid Jump In Crude Prices

Who sabotaged the Russia – Germany NordStream2 gas pipeline?

Oct 3, 2022 – Smoking gun. There is only one serious suspect for the terrorist sabotage of the Russia – Germany NordStream2 gas pipeline.

Who sabotaged the Russia – Germany NordStream2 gas pipeline? via Hands Off Syria

Related:

True info ~> Russia Presented Hard Facts! Is the destruction of Nord Stream profitable to the United States

UN Security Council to Convene on Nord Stream Attacks at Russia’s Request