The EU’s Embargo On Russian Oil Will Be A Boon For OPEC
- The current oil market climate is complex, to say the least.
- Europe is preparing to enact its embargo on Russian oil and refiners are scrambling for alternatives.
- Many searching for new sources of crude have landed on Middle Eastern producers as a potential alternative.
Tag: production quotas
OPEC+ To Cut Oil Production By 2 Million Barrels Per Day
OPEC+ To Cut Oil Production By 2 Million Barrels Per Day
The specter of OPEC+ even considering such a large cut as global oil supplies are tight has sent the Biden Administration reeling. White House spokesman John Kirby on Wednesday said that the United States needed to be less dependent on OPEC+ and other foreign producers of oil. The White House was reportedly in a panic leading up to the meeting, trying to prevent OPEC+ from taking such a “hostile act”. In the runup to the meeting, the White House unleashed Amos Hochstein, Janet Yellen, and Brett McGurk to plead its case with the Gulf Nations. Evidence suggests the move had zero effect.
Related:
White House Disappointed With OPEC’s ‘Shortsighted’ Decision
In the meantime, the American Petroleum Institute (API) has criticized the administration’s energy policies, saying that dependence on OPEC and other foreign countries for our energy is a “choice”.
DEA Admits ‘Racial, Ethnic and Class Prejudice’ Led To Drug Criminalization And The Agency’s Own Founding
The Drug Enforcement Administration (DEA) is acknowledging the fact that racially discriminatory drug laws are partly responsible for the agency’s own founding.
DEA Admits ‘Racial, Ethnic and Class Prejudice’ Led To Drug Criminalization And The Agency’s Own Founding
Ms. Cat’s Chronicles 