Opec Cuts Oil Production 2 million bpd
If you think that the Sahudis or the Gulf Arabs are backwards and don't understand how the modern world works, let me tell you what just happened. OPEC just decided to cut oil production by 2,000,000 barrels per day. Earlier this year, Joe Biden, in March, I think, approved the use of America's strategic petroleum reserves in order to lower gas prices and oil prices in the market. Now the Saudis at that time didn't respond. They could have responded.
They could have said, okay. If you're gonna if you're going to release a million barrels per day from the reserves, then we're going to cut a a million barrels a day. But they didn't do that. What did they do? They waited.
They waited until America's strategic petroleum reserves were depleted to the lowest level they've been at since 1984, and then they cut production by 2,000,000 barrels per day. The Saudis and OPEC just roped a doped Joe Biden.
تمّ بحمد الله