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Home News America Faces New Gas Spikes As OPEC+ Makes Largest Oil Production Cut Since 2020

America Faces New Gas Spikes As OPEC+ Makes Largest Oil Production Cut Since 2020

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America Faces New Gas Spikes As OPEC+ Makes Largest Oil Production Cut Since 2020

(FamilyConservationPAC.com) – Joe Biden’s attempts to push energy production out of the U.S. continues to hurt the American people at the pump.

Just last week, OPEC’s de facto leader Saudi Arabia announced it would be cutting oil production by 2 million barrels per day, roughly around 2% of global oil production.

This is a tough blow for Biden, especially after announcing he had secured an agreement with Saudi Crown Prince Mohammed bin Salman during his visit back in July.

The agreement was for an increase in crude oil production by 1%, equating to around 1 million daily barrels.

In a surprising move, Saudi Arabia announced it would raise oil prices for the U.S. again. However, it lowered the price for Europe and left Asia’s prices the same.

Earlier this week, the White House accused OPEC+ of “aligning with Russia,” adding that their decision to cut oil production was “short-sided.”

The administration said the decision comes as a shocking surprise, especially when the global economy is in decline from the Russia/Ukraine War.

The Saudis deny the accusation saying it was a necessary decision in response to the rising interest rates in the West and a weak global economy.

They maintain the decision was needed to “maintain a balance between supply and demand.”

For now, the only viable solution for the Biden Administration is to negotiate with communist and terrorist nations like Iran and Venezuela to ease the pain at the pumps here in America.

The Biden Administration appears to be in full panic mode, especially now that Biden and the Democrats are facing a renewed energy supply crisis just before the critical midterm elections on November 8.

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