The Saudis and Russians have announced that they are gong to extend their previously announced oil production cuts for another three months. This caused oil prices to spike.
JUST IN – Oil prices surge after Saudi Arabia and Russia prolonged their unilateral oil supply curbs by another three months.
— Disclose.tv (@disclosetv) September 5, 2023
Oil Soars To New 2023 High After Saudis, Russia Surprise With Extended, Expanded Production Cut https://t.co/I325kNEUNX
— zerohedge (@zerohedge) September 5, 2023
They’re just squeezing the West with these cuts. The only reason oil isn’t well over $100 a barrel right now is because of all the dumping from the SPR and this dumping can’t continue forever.
In October 2021, oil prices crossed above $85 for the first time since 2014.
Today, oil prices are back above $85 and quickly approaching $90.
However, the difference is that the US Strategic Petroleum Reserves (SPR) can no longer save the day.
In October 2021, the SPR had a… pic.twitter.com/DqMJvJPJpV
— The Kobeissi Letter (@KobeissiLetter) September 5, 2023
The West has also pushed all this green energy kookery and scaled back their oil production because they want to enslave their people into 15-minute dumb cities that are run totally off of solar panels and windmills. As a result, the countries that aren’t going along with this are being put in a favorable position to exert control over the broader energy market.
You can expect to see increasingly higher gas and energy prices. This winter is going to be rough for people in the West.
