• IEA issues warning over OPEC oil cuts

    From Dr. Jade Helm@21:1/5 to All on Sat Apr 15 08:59:12 2023
    XPost: alt.survival, alt.politics.usa, alt.military

    It seems that President Brandon's pleas to the Saudi king to increase
    oil production fell on hostile ears. I guess "climate change" and the
    move to ban fossil fuels is yesterday's "news".

    https://www.rt.com/business/574745-iea-warning-opec-cuts/

    The surprise OPEC+ output cuts could aggravate an oil-supply deficit
    this year and threaten economic recovery, the International Energy
    Agency (IEA) warned on Friday.

    Earlier this month some of the leading producers within the group of 23 oil-exporting countries announced voluntary extra curbs of 1.16 million
    barrels per day starting from May until the end of 2023. The cut comes
    on top of the 500,000 barrels-per-day reduction in Russian output and a two-million barrels-per-day reduction in targets in effect since last
    November.

    “Our oil market balances were already set to tighten in the second half
    of 2023, with the potential for a substantial supply deficit to emerge.
    The latest cuts risk exacerbating those strains, pushing both crude and
    product prices higher,” the IEA writes in its latest Oil Market Report.

    The Saudi Ministry of Energy described the new cuts as a “precautionary measure aimed at supporting the stability of the oil market.”

    According to Moscow, the measure by the OPEC+ oil producers, who control roughly 50% of global oil supplies, was necessary in a period of high volatility due to the ongoing banking crisis in the US and Europe, to
    general global economic uncertainty, and to unpredictable and
    short-sighted energy policy decisions.
    --
    You voted for student loan forgiveness. You got demographic replacement
    and World War 3.

    "Title 8, U.S.C. § 1324(a) defines several distinct offenses related to aliens. Subsection 1324(a)(1)(i)-(v) prohibits alien smuggling, domestic transportation of unauthorized aliens, concealing or harboring
    unauthorized aliens, encouraging or inducing unauthorized aliens to
    enter the United States, and engaging in a conspiracy or aiding and
    abetting any of the preceding acts. Subsection 1324(a)(2) prohibits
    bringing or attempting to bring unauthorized aliens to the United States
    in any manner whatsoever, even at a designated port of entry. Subsection 1324(a)(3)."

    https://www.globalgulag.us

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