Oil Output Cut of OPEC Plus to Intensify Inflation in Europe: Chinese Scholar

The decision of members of the Organization of the Petroleum Exporting Countries (OPEC) to cut oil output will lead to a rise in oil prices, and further push the surge in inflation in Europe and the United States, said a Chinese scholar.

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[mythbusterthe]

The students learned all these tricks from their masters from the West.

[louistan]

That's what the Europeans truly want. Higher and even higher oil and gas prices are good for them. A retribution for paying what should have been gratitude for low energy costs with aggression.

[wymmyw]

the arabs are doing dedollarization a favor.. just take it.. if you wanna sell, sell them in your own currency..

[blancheknox]

The news came out of Saudi Arabia saying they'd restrict flow to drive prices up. They are not happy that their request for nuclear power assistance has fallen on deaf ears. It's a power play by them and not the entire OPEC. Russia's oil is cheaper because China is the only one buying it. The US is expensive because they opened their reserves. This problem could be solved by Putin pulling out of Ukraine.