OPEC cuts oil production, Biden ‘disappointed’ in decision | LiveNOW from FOX

Ministers from Organization of the Petroleum Exporting Countries (OPEC+) on Wednesday said they would cut oil production by 2 million barrels a day in a move that is expected to raise oil prices globally.

President Biden said, "[he] is disappointed by the shortsighted decision by OPEC+ to cut production quotas while the global economy is dealing with the continued negative impact of Putin’s invasion of Ukraine."

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[andrewtesta]

If we were energy independent we wouldn't have this issue. Vote in November folks..

[scolem]

OPEC isnt stupid. They understand the paper market manipulation which is not sustainable to say the least.

[pvalentinep]

Well if everyone riding with Biden quit using fuel and petroleum products there would be enough for the rest of us regular folks

[jimmytakayesu]

This lady lost her credibility when she claimed Gasprom was concerned about being sued for a breach of contract in a Western Court. That is one of the most stupid & silly ass reason why Russia would sabotage its own pipelines including its newest one that hasn’t even been commissioned by the Germans. If the new pipeline servicing Poland had been sabotaged, you’d have reason to suspect Russia but the Russian Pipelines are a completely different matter. People in Europe should be more concerned about the U.S. triggering a Nuclear War than some silly ass law suit. Of course, a Nuclear War in Europe might eliminate any concerns about a lawsuit if the opposing parties or the courts no longer exist.

[allah]

GET YOUR OWN OIL STOP CRYING ABOUT YOU ARE KNOW LONGER A SUPER POWER ACCEPT THE REALITY. YOU CAN'T BULLY OTHERS FOR YOUR OWN AFFAIRS.

[hbg]

We can ask other countries to increase production, but we can't expect them to act in America's best interest. Less supply with same/higher demand and higher price equals higher profit. Economics 101.

[jimafton]

how can he be disappointed in OPEC when
he shut the completion of a pipeline
shut exploration in certain areas
shut down drilling
this just makes him look like a bigger &-&$&&

[ChristopherGrahamCS]

Does anyone in the US government know about Canada, and that Canada has been trying to ship/supply the US with oil??? The US Cancelled the Keystone pipeline in favor of buying oil from Saudi Arabia, Russia, Venezuela, and

[taylorkerr]

C’mon man, we need oil man. I’m trying real hard to destroy American energy so we need you guys.

[apolyon]

Technically America doesnt need opec, America has the ability to produce and be independent and not reliant on them or anyone else, but it goes against the green agenda and therefor, the green ideology has expectations that are not realistic and thus America is no longer a major producer! The laws they create are not beneficial to the country and therefor does not make sense, so, how about exclude production from the green agenda laws and not be dependant on others and also bring our prices down! The green agenda should be focused on the energy grid that is powered by multiple products from solar to windmill and storage of the energy, basically multiple layers of energy formats, bringing it to people over time as this takes time to do it right!! The infrastructure is not there for Electric vehicles and they are not cheap enough for the average person to have, unless you magnify the wireless charging idea on a grander scale, basically a form of tesla tech, and charge the basic citizen a flat rate fee of one dollar a month which would amount to 258 million or more a month, as that is how many adults America has, and that is more than enough to do some cool things!

[johnlouis]

The real Truth is that anymore who does have any God Given Common Sense could actually make all of our Lives Extremely Prosperous.

[illuminaughty]

This is a tremendous opportunity to once and for all remove our dependence on OPEC energy

[alfonsodacullo]

The world is sick and tired of Washington dictatorship

[misiknuo]

Last time USA had "inflence " on OPEC almost destroyed Saudis economy, that was 2017, and then pushed production from oil shell, Saudis remember that..this is result...

[danrynazewski]

Get an electric car buy off grid solar panel setup and never go to a gas station again ..

[lmax]

Mr.Biden don't underestimate others

[rebaeasler]

Let America keep our oil and gas..we need it., Take care of us citizens..Ship less!!

[ianshaver]

It’s too late for this to save Russia’s military. A bit more funding won’t fix their situation.

[KaiLivi]

What she fails to mention is that yeah we can produce oil here doesn’t mean those companies have to sell it here, and they more often than not choose to sell elsewhere.

[saveUyghurs]

We need more green energy for this reason