OPEC Looks to Bail Out The World, as Biden Regime Admits Miscalculations

From the poultry section to the gas pump, Americans are dealing with some severe financial turbulence at the moment, and they’ll take all the help that they can get.

Unfortunately, very little of that help seems to be coming from the White House, who only this week began to admit some of their previous mistakes regarding inflation and the baby formula shortage.

Now, as gas prices hit national averages the likes of which we’ve never seen before, OPEC is looking to relieve some of the pressure.

The OPEC oil cartel and allied producing countries including Russia will raise production by 648,000 barrels per day in July and August, offering modest relief for a global economy suffering from soaring energy prices and the resulting inflation.

The decision Thursday steps up the pace by the alliance, known as OPEC+, in restoring cuts made during the worst of the pandemic recession. The group had been adding a steady 432,000 barrels per day each month to gradually restore production cuts from 2020.

All this as the world believed they were heading for a post-pandemic period of prosperity.

The move to increase production faster than planned comes as rising crude prices have pushed gasoline to a record high in the U.S. There are fears that elevated energy prices could slow the global economy as it emerges from the pandemic.

OPEC had long resisted such a move, as the organization has their own trouble keeping up with production schedules of late.

Cross-posted with Flag and Cross


Turn your back on Big Tech oligarchs and join the New Resistance NOW!  Facebook, Google, and other members of the Silicon Valley Axis of Evil are now doing everything they can to deliberately silence conservative content online, so please be sure to check out our MeWe page here, check us out at ProAmerica Only and follow us at Parler, Social Cross and Gab.  You can also follow us on Truth Social here, Twitter at @co_firing_line, and at the social media site set up by members of Team Trump, GETTR.

While you’re at it, be sure to check out our friends at Whatfinger News, the Internet’s conservative front-page founded by ex-military!And be sure to check out our friends at Trending Views:Trending Views

Related Articles

Our Privacy Policy has been updated to support the latest regulations.Click to learn more.×