Came across this story in the Atlanta Urinal and Constipation.
VIENNA — The countries that make up the OPEC oil-producing cartel ended talks late Thursday without an announcement on possible deep cuts to production that would support the price of fuel around the world.
The price of oil is dropping because there is a glut of oil. Even with the loss of the oil production of the socialist utopia of Venezuela and sanctions against Iran there is still an oversupply of oil.
Hey! Whatever happened to peak oil? Remember that? We were supposed to run out of oil by now. Of course we were also not gonna be able to produce enough food to feed the planet either.
Whenever booger eatin’ moh-rons like Paul Ehrlich speak, ignore them. Same goes for the climate crisis dipshits. It’s all bullshit.
But back to OPEC.
An OPEC spokesman told waiting journalists at 10 p.m. (2100 GMT) that an expected news conference would not take place and that a written statement might come later. Saudi Arabia’s energy minister, Prince Abdulaziz bin Salman, and other officials then left the meeting without announcing any deal.
OPEC’s members have been expected to prolong production cuts that they agreed on for the past three years, while Russia’s energy minister said that even deeper cuts were under discussion. The price of crude has been held down in recent years by a resurgence in supplies from countries outside OPEC, particularly the United States.
And how has the United States increased production? By fracking. And what happens if we elect a rat bastard commie like Lieawatha or Bernie? Fauxchahontis has said on taking office she would ban fracking. Wow! That means she must be a stooge of OPEC or Putin.
It states later in the story that Saudi Arabia is taking the brunt of the production cuts. It also sez that countries like Iraq are cheating. BWAHAHAHAHAHAHA! This is what eventually happens to all cartels.
I remember back in the 70’s during the Ford and Carter administrations when OPEC had us by the short hairs. The price of gas doubled to $1.00 a gallon. I can also remember gas lines.
So screw OPEC. Drill baby drill and frack baby frack! We are now a net energy exporter and if not already we will soon be the largest producer of oil in the world.
Thank you president Trump for taking the shackles off the oil industry.
This is another reason to keep Dimocrats away from the White House.