What Are You Going To Do Now Joe? OPEC Announcement Destroys Biden’s Oil Policy

If we thought gas prices were high over the summer, buckle up they may get even higher during the winter.

President Joe Biden has gleefully terminated America’s energy independence and now it is contributing to crushing the United States economy.

To keep gas prices down the Biden administration begged OPEC, drained our reserves, and made deals with the ruthless Venezuelan government. Now OPEC has announced a “historic” production level cut that could cause fuel prices to spiral out of control.

From CNBC:

An influential alliance of some of the world’s most powerful oil producers is reportedly considering their largest output cut since the start of the coronavirus pandemic this week, a historic move that energy analysts say could push oil prices back toward triple digits.

OPEC and non-OPEC producers, a group often referred to as OPEC+, will meet in Vienna, Austria, on Wednesday to decide on the next phase of production policy.

The oil cartel and its allies are considering an output cut of more than a million barrels per day, according to OPEC+ sources who spoke to Reuters.

Gas prices in the USA are already rising.

Thanks to Joe Biden oil refineries in the USA (the ones that are left) can’t keep up with demand.

Everything Joe Biden has done was temporary to try and “save” the midterms. If OPEC follows through with a production cut soon the price of a gallon of gas could make prices over the summer look mild.