20221005 - Liberty Minute

OPEC+ is expected to announce a cut in oil production today.
I'm Peter Serefine with today's Liberty Minute.
The oil producers' cartel of OPEC+ is meeting today and is expected to announce the largest cut in production since the beginning of the CoVid pandemic.
Some are forecasting a cut of a million barrels per day. That will obviously raise the price of oil and, in turn, the cost of gasoline.
Clearly, a steep increase in gas prices this close to election time would be a disaster for the Democrats, so the Biden administration has launched a full-scale pressure campaign hoping to stop a production reduction.
Remember when America was energy independent and a net exporter of energy? Ahh, the good Ole days.
If only Biden had not attacked American oil producers, stopped pipelines, ended leases, and drained the nation's strategic reserves.
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Until tomorrow, si vis Pacem, Para Bellum