OPEC+ Approves Large Oil Cutback That Could Scramble Midterms, Boost Russia

[TheBlackAdder]

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FRANKFURT, Germany (AP) — The OPEC+ alliance of oil-exporting countries on Wednesday decided to sharply cut production to support sagging oil prices, a move that could deal the struggling global economy another blow and raise politically sensitive pump prices for U.S. drivers just ahead of key national elections.

Energy ministers meeting at the Vienna headquarters of the OPEC oil cartel cut production by 2 million barrels per day starting in November at their first face-to-face meeting since the start of the COVID-19 pandemic.

Besides a token trim in oil production last month, the major cut is an abrupt turnaround from months of restoring deep cuts made during the depths of the pandemic and could help alliance member Russia weather a looming European ban on oil imports.

https://www.huffpost.com/entry/ap-opec-oil-prices_n_633d8471e4b0e376dbfcd8aa

And the rubes will think this is a US issue and not foreign influence to game US elections.

Just like foreign-born Murdoch and Musk want to sway opinion to get their guy in.

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[jimfields33]

1. Starting in November? Won't affect elections at all.

Eight days to raise prices? Not to mention Mail in ballots are already out in a lot of states. Early voting starts next week in quite a few states. I don’t think this affect the election at all. However it’s going to be hard for people this winter.