As US gas prices remain HIGH, what does this tell you about Big Oil(R)?

As the same people(R) who gave us the unpaid for tax cut, MORE than suck the money back with unjustified, high oil prices.

IEA report: Global oil supply hit a record high in August despite Iran, Venezuela fallout 

  • Global oil supply hit a record high in August at 100 million barrels per day (bpd).
  • Higher output from OPEC managed to more than offset seasonal declines from non-OPEC members, which nonetheless increased year-on-year, led by the U.S.
  • August saw OPEC’s crude supply hit a nine-month high of 32.63 million bpd, despite falls in production from major players Venezuela and Iran.

Comments

Post a Comment

Popular posts from this blog

Guest columnist

Because I'm sorta stuck in an Anti-Bush rant.. http://www.youtube.com/watch?v=D99NHb6B03s Can you imagine all those rapper stars with these things? Of course, they'd have to have theirs with 'da bling! Can't be standard, gawd no! And of course, Britney's gotta have one in her car. Paris with her pooch totin' one on the red carpet at some fete. The boys in 'da hood will have a field day on their daily drive bys. P Diddy will wear his on a chain around his neck. You suppose there will be special pockets made in jeans for these things? Trailer trash folks will have 'em camouflaged. Jeff Foxworthy will have to come up with some fresh Redneck stuff. Think George W. will get one, each for the twins? Don't forget Dickie boy for those spur of the moment huntin' trips. Of course Ma Babs will have hers with pearls. Think it will affect the Royals? I can imagine Charles and Camilia on their fox hunt...........ah yes, and Prince Philip, too, must include the...
Read more

Yahoo…Dotard’s Big Beautiful Diesel Deal pissed off Ukraine and most of the world, plus well over half of Congress and the US, BUT, it helped his buddy Putin and his partners in Big Oil, sooo, we can see where the dick’s priorities are.

  President Donald Trump’s diesel deal with Russia would supply the global market with 4.8 million metric tons, or nearly 36 million barrels total.  This is equivalent to a little more than a single day of global demand.  The U.S. is a net diesel exporter so it does not need Russian supply, said Andy Lipow, president of Lipow Oil Associates. Goldman Sachs estimated the initial Russian release would only reduce wholesale diesel prices by $1 to $2 per barrel, which is currently at approximately $200/barrel.
Read more