Oil prices soared unexpectedly today after OPEC+ producers unexpectedly announced a massive output cut. Kevin Book, managing director of Clearview Energy Partners, joins CBS News’ Lilia Luciano and Lana Zak to discuss the announcement and how it could impact gas prices.

    #news #oil #gas

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    30 Comments

    1. The US should stop selling leases to Big Oil for pennies on the dollar and use the same companies Big Oil uses to produce crude for the strategic petroleum reserve. That would give the US leverage over Big Oil to sell them crude at world market prices whenever they conspire with producer nations to cut production and raise prices. No more corporate welfare for Big Oil and use price caps for refineries allowing them to make fair profits and not price gauge. Enough is enough, the GOP is constantly trying to increase our energy costs to get more contributions.

    2. It's about time to retaliate……greedy SOB's squeezing all of us little people who need fuel to go to work and take care of families!

    3. Sellers don't like current selling prices of the gas, so they will "cut production" in order yo pump up gas prices and profit.

    4. I am so fortunate that I made productive decisions about my finances that changed my life forever. I am a single mum living in Melbourne Australia who bought my second home in September and is hoping to retire next year at 50 if things continue to go smoothly for me

    5. — WOMEN ALL OVER THE WORLD ARE TO ACCUSE BLACK MEN OF RAPE, AND JUDGES ARE TO CONVICT THEM, NO MATTER WHAT! RICH OR POOR, IT DOESNT MATTER! BLACKS ARE GOING TO BE ATTACKED EVERYWHERE —

    6. Ms. Liao Guanghui was in a vegetative state by the time she was released on July 20, 2022, after serving a three-year prison term for practicing Falun Gong. The Mianyang City, Sichuan Province resident died eight months later on March 23, 2023. She was 70 years old.

      Ms. Liao took a fall on March 10, 2021, while incarcerated in the Sichuan Province Women’s Prison. The prison denied her family’s request to release her on medical parole and held her in custody until the end of her term, despite the fact that she remained in a coma after the fall.

      Because the prison hospital didn’t properly fix her skull during the craniotomy, she had a large sunken area on the right side of her head. She also had a suction tube in her throat, a feeding tube in her nose, and a urinary catheter. Her entire body was stiff.

      Not knowing how to care for her and remove the sputum in the suction tube, Ms. Liao's family took her to a local hospital hours after she was sent back home from prison on July 20, 2022. A week later on July 27, she suddenly experienced whole body convulsions and her lips and upper body turned purple. Although she survived after emergency treatment, her family couldn’t afford to keep her in the hospital for further treatment. They took her home shortly after and cared for her themselves. They were devastated by her death on March 23, 2023.

    7. It's a "blue" plan…feel sorry for those on social security in the US, they are stuck until next year before they see a cost of living, in the meantime, penny pinching from here to Dec. 31.

    8. When you cut your own country’s energy independence and increase your dependence on foreign countries you put your people at the mercy of their whims and you get gas prices that have been high, stayed high and are now getting even higher.

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