Blog: Oil rises on prospect of OPEC supply cut, demand growth

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6 comment(s). Last comment by BobAxelrod 2022-08-29 18:07

Tobby

7,397 posts

Posted by Tobby > 2022-08-29 15:20 | Report Abuse

OPEC cutting production because the demand is not as high as expected!

BobAxelrod

8,255 posts

Posted by BobAxelrod > 2022-08-29 15:25 |

Post removed.Why?

Tobby

7,397 posts

Posted by Tobby > 2022-08-29 15:41 | Report Abuse

Biden is a dumbass! US has more than enough oil and gas domestically! During Trump administration, oil price even dropped to negative because there was too much supply pumping out from US soil! It's all depend on who's the president of the day!

Tobby

7,397 posts

Posted by Tobby > 2022-08-29 15:42 | Report Abuse

Putin would not even dare to attack Ukraine if Trump is in charge! Why because Russia dependance of oil and gas is over 90%! If Trump comes back as president, i think Putin will be history!

Tobby

7,397 posts

Posted by Tobby > 2022-08-29 15:44 | Report Abuse

Beside, nowadays EV sales already broke the inflection point! Meaning, oil demand already peak! It's only going downhill from now on!
The only reason why oil still high and mighty is because EU, another alliance full of dumbass hedge their power need to Russia!

BobAxelrod

8,255 posts

Posted by BobAxelrod > 2022-08-29 18:07 |

Post removed.Why?

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