Oil prices could soar higher as OPEC might just cut production again! As the OPEC meeting in December approached, the cartel is in full control of the global oil prices. The US SPR dump isn’t working and now global events could constrict energy supply. And if OPEC chooses to cut production, energy inflation could spike up once again! Here’s what you must know!
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Timestamps & Chapters:
0:00 OPEC Is In Control
2:23 The SPR Problem
4:37 OPEC Could Cut Output Again!
6:39 This Energy Crisis Isn’t Over Yet
9:05 A Dangerous December
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20 Comments
The best strategy OPEC ever did was including Russia into the fold, this prevents u.s intervention threat and having counter weight for any threats from the West
How come were still getting raped at the fuel bowser.
thumbs up
Sean Foo "He who controls the energy supply controls the whole world" Facts
" Biden Drains Away US Oil " Sean Foo ** another SMART, well thought out and significant video of our time !! Yes , it's now time for you join the amazing "" ~ FOO CREW ~ "" ๐โ!! as you get SMART, then you can Joyfully shout off the rooftop and SAY ** FOO YUH๐โโ** FOO YUH๐โโ
"Wisdoms, strategy and tactics"
Russia, China, SCO and BRICS nations rock ๐ฅ๐ชจ and absolutely KO Biden
Biden is not even a good gangster : a good one knows how to manage his racket business…
Everyone who voted for Biden owns everything Biden does.
So will the Yuan become the next oil backed reserve currency replacing the USD?
No they'll stop selling the reserves. Refill for the next election.
Biden will initiate the great global depression for sure..
Biden had to release the SPR to bring the price down before election.
Biden has no idea ( wisdom, strategy and tactics) what gonna happen in a month or two…. Eventhough he stole TSMC recently and contain China in Semiconductor Trade sanctions ….
"He who controls the world's energy supply, controls the world" wow that is powerful
CBDC, centralized money ๐ฐ, and decentralized money ๐ฐ war, from the decreasing level of fossil energy supply and all privileges that will be gone with it to the ecological transition, the future switch of target on the energy market, all of this are perfectly connected to express the new meaning of the world ๐ coming from the back world ๐.
opec will cut production again as a measure to oppose the price cap on Russian crude
Release oil reserves is as good as drinking poison to quench thirstใOPEC should just stock up and sell them at 400% when the US decides to refill. This what they did to Europe (โฉ_โฉ)
The coming end of US HEGEMONY IMPERIALISM ….
The world is waiting eagerly….
Thanks Sean
I have this feeling US is up to something when they announced they would replenish their reserve at $70+. What if it is all along not part of American's plan to lower oil price in the name of fighting inflation? USA are oil producing country after all, it's the interest of oil companies as such Exxon and Chevron to keep the price up.