Oil prices soared by more than 8 per cent today after OPEC shocked markets and cut output by more than a million barrels a day.
A greater worry is the inflationary impact of a rising oil price and the effect on interest rates.
That sent futures markets for Wall Street’s stock market down ahead of tonight’s trading.
23 Comments
The West shouldn't of put Sanctions on themselves. Lol
Tell me again how you don't want electric cars when petrol hits $2.50 litre. 😂 You conservatives are the biggest pack of dopes
Doesn't matter, we're all driving electric cars aren't we?
Are we in full control of our own brains???
I just watched a video on that bit chute channel. It plays a word sound but has two words written on screen. What ever word you read or think of it sounds like that one. even recorded it and played it back and it worked. Dam it's some freaky shiit M8.
The title is SERIOUSLY WTF!.
Worth a look it might blow your mind, it blew mine.
I'm not from australia but I have a question. Does australia have oil reserves?
So why does Australia export our oil to Asia to be refined then shipped back ? Petrol in Thailand is cheaper than here
ross at Donkey Kong i had to jump all those barrels 🥵
This is why there should be a coal to synthetic fuel and gas industry in Queensland to turn those vast reserves of black coal into a backup option should anything disrupt international supplies.
Ok ties into the subterranean desertification caused by the removal of thermal protective substances.
The core heat then gets to surface causing all sorts of issues.
That heat loss from core then changes the magma viscosity and thus the observation you have made.
That heat especially changes the tropical currents causing the meteorologic extremes.
The emissions greenhouse gases the leaders try to download the responsibility to future generations.
This removal of our reflection shield pools of crude oil being the purpose in our spacecraft Earth Ark..
Well the cost of so called fossil fuels is much greater knowing this!
I'm celebrating a $30k stock portfolio today. I started this journey with 4k. have invested on time and also with the right tearn now I have time for my family and the life ahead of me
The US tried to manipulate the oil market and just ended up losing our Strategic Oil Reserves and pushing up the price of oil. The East isn't interested in the US's childish games, they will just slap us down like the US deserves.
Bring on the transition to renewables and electrification.
Go renewables for energy security
OPEC really wants to help Trump win in 2024 ! Lol
Love pluss 500 making a killing on oil
Was promised an atomic car as a child that would run for 50 years before refueling… Small nuclear generator in the boot… Where is it?
Shows how little respect OPEC has for the Biden administration.
What's the problem?
No really, what's the problem, doesn't everybody in the West hate gas and oil anyway?
Every day isn't the MSM filled with some fresh eco-mental Western government directive to ween us ever further off our addiction to fossil fuels?
We don't want your filthy oil scream our Western governments at the Saudi's daily, and yet having cut oil and gas production to reflect the West's often stated move away from their planet killing product, it's now the Saudi's who are somehow at fault for having listened?
Christ on a bike, you couldn't make this sh*t up.
The Saudis said "jump", and the rest of the world says "how high?". Haha
Yeezzzzzzzzzz😂😂😂😂😂😂
Means China is collapsing, Ukraine is attacking Moscow
Nice energy plan Diapers. Cut our production, and allow the Saudis to control the prices in the global economy. Drives inflation, and slows our economy. I like when he says look all that I’m doing for families……WHAT. Don’t listen to what he says, watch very carefully his actual policy. 24 can’t come quick enough
$70 a barrel and where siill paying $2.20pl for diesel in 1995 when oil was $78 per barrel we paid $0.65pl