Within the past few hours today, the Organization of Petroleum Exporting Countries (OPEC) has agreed to a cut of one million barrels a day in oil production. This comes just after Russia announced a cut of its own by 500,000 barrels per day.
These cuts will now drive UP the price of oil and, by extension, gasoline and Diesel fuel.
Since the illegitimate Biden regime here in the US has drained much of our Strategic Petroleum Reserve, the regime is now UNABLE to counter this loss of daily production.
UPDATE 6:00 PM EDT --
The White House has reportedly responded to OPEC+'s decision to cut crude production by 1 million barrels/day by saying that "output cuts aren't advisable right now," adding that The White House is "focused on prices for American consumers."
Recall too, Biden threatened the Saudis with "consequences" over last October's 2 million barrel oil cut but then he took no action.
Let's see if this new OPEC cut elicits any further response.
Hal Turner Remark: This is a squeeze play against us. They know our idiot in chief has already depleted our strategic oil reserves to artificially lower prices so and they know his options are now very limited. He either continues to deplete those reserves from an already dangerous level or prices are going up.
