Today: OPEC voluntary cuts to Oil productions

[Anonymous No.54437064]

OPEC-Plus state members announced today voluntary cuts to oil production currently up to 1.67 million barrel per day, pending other OPEC nations announcements later tonight. The White house has come out saying cuts are not advisable at this time. Buckle up, shit's about to get real.

[Anonymous No.54437082]

>>54437064
This will cause a financial shockwave in a approximately 2 weeks

[Anonymous No.54437093]

>tfw work in canadian oilfield
Should be good for me

[Anonymous No.54437117]

>>54437064
Dont panic, Biden will open the SPR and starves the arabs back to their place.
> Oh wait....

[Anonymous No.54437145]

Just Z more weeks, bros. This is the straw that will break the camel's bac, the USA is done for real. This is only the six millionth I've said this the past 14 months, but this time it's legit.

[Anonymous No.54437156]

>>54437093
The powers that be are setting the stage for a nationalist resurgence in 2024 in North America. Expect domestic oil production to increase bigly.

[Anonymous No.54437183]

What the fuck does it mean for crypto and stocks

[Anonymous No.54437211]

>>54437183
Oil stocks good for the year if they aren't fucking around

[Anonymous No.54437227]

>>54437156
Definitely, maybe starting sooner given the 24 election. Have to have consumers not getting squeezed going into voting.

[Anonymous No.54437257]

is this going to affect gas prices too? or just the prices of like motor oil?

[Anonymous No.54437297]

>>54437227
Already too late for that. north american oil requires oil price to be over 100$/barrel.

[Anonymous No.54437323]

>>54437257
It's going to impact gas prices for sure. The question is, how much? Even all the talking head shill networks are talkin about the impending recession, so demand might be way less this summer than last. Even a lot of the normies I deal with are talking about going on fewer trips this summer than usual until they see what happens with the economy. I still think gas prices are going to go up significantly regardless.

[Anonymous No.54437354]

>>54437297
$70 is breakeven on production in US last I saw. But that was a couple months back.

[Anonymous No.54437382]

>>54437257
Oil is refined into mainly: Gas, Diesel & Jet fuel. There are some other oil products made but those are the main three. So higher cost for a barrel will impact all of those products.

[Anonymous No.54437403]

Please guys I'm a brainlet, is this bullish or bearish? Bad since higher inflation and transport costs but also bullish because reasons?

[Anonymous No.54437434]

>>54437403
Buy Exxon Mobil stock and never ever sell it

[Anonymous No.54437488]

>>54437434
I missed the dip and now it's too late... fuckin oil cartel always meddling with my shit

[Anonymous No.54437506]

>>54437183
Inflation gongo up.
Cost of living gongo up
Economy finna tank hard, as we dont make shit.

The Administration has to choose between keeping the system functional, or sticking with stupidity, knowing that there is a very real possibility of death waiting for them. Continuing the path leads to breakdown/violence.

[Anonymous No.54438321]

>>54437434
Slow and steady wins the race.

[Anonymous No.54439254]

>>54437145
Tick tock mutt

[Anonymous No.54439453]

can't wait to pay 3 american dollars per litre of gas

[Anonymous No.54439516]

>>54437145
2 more weeks until Russia implodes into many balkanised states and Putin is hung for war crimes, NATObros. Those vatniks are done for real. This is only the six millionth I've said this the past 14 months, but this time it's legit.

[Anonymous No.54439916]

>>54437183
higher rates and bear market until 2025

[Anonymous No.54440105]

My favorite part of the USA being heemed is all the Americans trying to cope and paint it as a good thing in different ways. This is an absolutely unmitigated disaster for the very core of your way of living, at almost every level. And still many find ways to celebrate and claim victory.

[Anonymous No.54440158]

>>54437064
What are the consequences for American puppet states such as the UK?

[Anonymous No.54440255]

>>54440105
i think most white americans are hoping for a complete breakdown of society

[Anonymous No.54440267]

>>54440158
They'll have even worse inflation than the US.

[Anonymous No.54440527]

>>54437323
Everyone was just happy to be out of Vid lockdown, so they ignored the retarded gas prices because "muh I can do things now". Fast forward 2 years later, and it's still 90+ dollars to fill my truck and literally everything is still 10%-50% more expensive than it was pre-Vid. This cannot be sustained for much longer. Niggers forget that the stock market isn't the economy, and it takes normal people spending money on shit to keep things moving forward.

[Anonymous No.54440548]

>>54437093
Permian running out of tier 1 acreage
OPEC getting pissy
Total Albertan Victory
We're back

[Anonymous No.54440699]

>>54437145
you nato shills really need to fuck off. stop wasting my taxpayer money on shitty memes and bad faith arguments