Thursday, October 6, 2022

Will OPEC's Production Cuts And Expected Price Increases Hurt The Democrats In The U.S. Midterms

 

FOX News: October surprise? Why OPEC's planned price hike could pummel Democrats 

Midterms are coming up fast and Democrats know that a sharp rise in gas prices engineered by OPEC could destroy their plans The midterm elections are weeks away and OPEC+ is threatening to cut oil production. 

That’s not good news for you, the consumer; it’s also not good news for President Joe Biden and his fellow Democrats. 

Biden’s bump up in the polls over the past few months tracked declining gasoline prices. For nearly 100 days, gas prices went down. They peaked at a record high of more than $5 per gallon in June and reached a low of $3.67. Now, at $3.80, they have begun to head back up. 

Read more .... 

WNU Editor: Democrat pundits clearly believe that OPEC's production cut will have an impact (see above video). But the White House is already reacting to make sure that OPEC+'s oil production cuts will not impact prices when the midterm elections take place next month .... Biden to release 10M more barrels from Strategic Petroleum Reserve in November in wake of OPEC+ cuts (FOX News).

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