Quote:
Originally Posted by finnbow
So, when they went up it was Biden's fault, but Biden gets no credit when they come down? The Treasury Dept estimated that the release of hundreds of millions of barrels of oil from the Strategic Reserve reduced gas prices at the pump by $0.40. Now OPEC is talking about releasing more oil after cutting back in the fall to hurt Democrats in the fall election and effective diplomacy by Biden and our allies is by setting a maximum price of $60/barrel for Russian oil. All of these actions helped reduce oil prices.
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Your friends at WaPo disagree with you. Example, your claim about OPEC potentially releasing more oil is counter to this section of the WaPo article:
Another wild card is the OPEC Plus consortium of oil-producing nations, which meets next week to consider how much oil its members should continue to ship in the coming months. The group could decide to cut its output to drive prices up.
“The OPEC meeting could be the skunk at the picnic,” said Andrew Gross, a spokesman for AAA. “Trying to guess what they are going to do is tricky.”