Liberty Lighthouse

20221005 - Liberty Minute


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OPEC+ is expected to announce a cut in oil production today.

I'm Peter Serefine with today's Liberty Minute.

The oil producers' cartel of OPEC+ is meeting today and is expected to announce the largest cut in production since the beginning of the CoVid pandemic.

Some are forecasting a cut of a million barrels per day.  That will obviously raise the price of oil and, in turn, the cost of gasoline.

Clearly, a steep increase in gas prices this close to election time would be a disaster for the Democrats, so the Biden administration has launched a full-scale pressure campaign hoping to stop a production reduction.

Remember when America was energy independent and a net exporter of energy?  Ahh, the good Ole days.

If only Biden had not attacked American oil producers, stopped pipelines, ended leases, and drained the nation's strategic reserves.

Find more news and commentary at liberty-lighthouse.com

Until tomorrow, si vis Pacem, Para Bellum

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Liberty LighthouseBy Peter Serefine

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