OPEC will cut production by 2 million barrels a day, likely sending gas and oil prices back up
NBCAPR 2023
Pres. Biden has given Americans yet another reason to vote Democrats out in this fall’s elections, and make sure they get nowhere near the White House in 2024. Instead of ramping up domestic oil and gas production, Biden remains beholden to climate zealots that think we can survive on renewable energy. This has the making of a looming energy mess.
There’s no reason to panic. The slowing demand from the EU and China, which OPEC+ fears, might counter the cutbacks. OPEC+ also faces stiff competition from increased production from the US, Guyana, and Brazil. OPEC+ countries might find that their decision won’t have the desired result, and Biden's energy policies are on track.