Oof-topic, but that's an unexpected policy change from the United States. Tin-foil hats on, but OPEC might have taken their supply cuts because they probably had already known that the U.S. will start increased production of their own Crude Oil again.
That could also indicate that a war is coming?
🤔
Why?
Who is stupid enough to go to war agaisnt the US?
After Russia's disastrously campaign in Ukraine every dictatorship in the world is looking at it's mighty army and realizing it's the same , a paper tiger! Do you think that all those disappearance happening in Chinese army and all those "demotions" are not the result of the leaders finding out the truth?
There won't be any war!
Israel just martyred another Iranian top commander and ...crickets!
That's precisely my point. The Energy Crisis isn't what should be concerning. It's the fact that there's low demand from large oil consumers like China. Why? A Great Recession should probably be more concerning?
A great recession in a country that has been faking number for ages is not that much of a concern as a recession in the US.
Besides, the world is slowly getting rid of the dependence on China, money if coming out of there, production has been constantly moving back to the western world or other low cost countries, a recession in China is not that much feared since we we're the ones triggering it!
Remember how their ban on rare minerals was supposed to destroy the western economies? Again, cricket!
And the US has mathematically broken the 2019 record two weeks before the end of the year in both gas and oil
https://oilprice.com/Energy/Crude-Oil/US-Shatters-Oil-Production-Records-in-2023.html