Friday, June 03, 2022

Did OPEC's "Increased Production" Help? Nope.

OPEC+ decided to 'increase production,' or so Biden says.

Well--they sorta did--kinda.

Except the price of crude went from $114/bbl to $119/bbl within 28 hours of the announcement.

So there will be marginally more production of crude.

But there will NOT be more refining of same.

Biden and his Green Weenies better hope that a Republican landslide pacifies the population of the US, because if that's not enough to do the trick...........umhhhhnnnn.......


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