priorities
priorities
image transcript
"I sleep" meme format, with top text "israel uses U.S. weapons to kill over 31k, wound 75k, and displace 1.9M" next to a picture of Shaquille O'Neal asleep with the caption "i sleep", and bottom text "ukraine uses U.S. weapons to strike russian energy infrastructure, raising oil prices" next to the same image of Shaq but now solarized and with glowing eyes and the caption "real shit".
Beneath the meme is a screenshot of the first two paragraphs of this reuters article, which are:
March 22 (Reuters) - The United States has urged Ukraine to halt strikes on Russian energy infrastructure, warning that drone strikes risk provoking retaliation and driving up global oil prices, the Financial Times reported on Friday, citing people familiar with the matter.
The attacks helped boost oil prices that have risen nearly 4% so far since March 12, when Ukraine first started targeting Russia's energy infrastructure. A further rally in gasoline prices in the United States would weaken President Joe Biden ratings and undermine his re-election chances.
the words "driving up global oil prices" are highlighted.
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Doesn’t OPEC control oil prices? 🤔
It hasn't for a long time.
do you have a source? Everything I am find online is still showing OPEC going strong
Doesn’t OPEC control oil prices? 🤔
It hasn’t for a long time.
do you have a source? Everything I am find online is still showing OPEC going strong
They don't set the price; they influence it by ostensibly controlling the supply from member countries. But, as Wikipedia says:
Since the 1980s, OPEC has had a limited impact on world oil-supply and oil-price stability, as there is frequent cheating by members on their commitments to one another, and as member commitments reflect what they would do even in the absence of OPEC. [4]
Something going all the way back to the end of the 70s showing how no member follows their quota, no I don't.
But current numbers on how the quotas are meaningless today are easy:
https://www.dallasfed.org/research/economics/2022/0419
That's the second link when I search for it.
The first one is this: https://www.opec.org/opec_web/en/data_graphs/335.htm
It probably has the data you want, but you have to agree to some nebulous spying to get there.