The timing could not be worse.
Looks like a production cut, price increase and, as I said, coing at a bad time.
1.16 million barrels per day (about 3% of global production)
Early response is a ~7% jump in oil prices so it looks like it’ll pay for itself.
Maha El Dahan and Ahmed Rasheed
Sun, April 2, 2023 at 10:40 AM EDT·3 min read
By Maha El Dahan and Ahmed RasheedDUBAI (Reuters) - Saudi Arabia and other OPEC+ oil producers on Sunday announced further oil output cuts of around 1.16 million barrels per day, in a surprise move that analysts said would cause an immediate rise in prices and the United States called inadvisable.
The pledges bring the total volume of cuts by OPEC+, which groups the Organization of the Petroleum Exporting Countries with Russia and other allies, to 3.66 million bpd according to Reuters calculations, equal to 3.7% of global demand.
I see that…6.77 and rising.
Just over a year and a half before the chance to get a real president back in the hizzouse?
This article is dated December (just a few months ago)
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This one is from a week ago.
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Yay, higher gas prices again.
Thank the creator my car is extremely fuel efficient. But that still cuts significantly into my monthly fuel budget.
I’ll have to cut back in other areas to compensate. And work more voluntary overtime than I already do.
Which will trigger higher inflation as products are delivered by trucks.
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Yes and thanks to the NYC DA it’s likely to be Donald Trump coming in like a hornets nest.
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Threaten me with 4 more years of peace and prosperity. 
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