>BREAKING: The United Arab >Emirates withdraws from OPEC And OPEC+, effective May 1st
>>534039909good or bad for the jews?
https://t.me/Middle_East_Spectator/31571-------> NEW: The UAE announces it will start to significantly increase its production of oil after it withdraws from OPEC, in order to ‘meet the world’s requirements’>By exiting OPEC, the United Arab Emirates is no longer bound by production quotas and can produce and export as much oil as it wantshttps://t.me/Middle_East_Spectator/31572
>>534039982Sadly, very goos. No production caps.
>>534039909hippie vomit and tacos man
Another victory for trump
>>534039909what does OPEC even do outside of manipulating the prices by throttling production?
>>534039982it is what it is, man
For those who want it simplified:> Oil prices are high, Trump doesn’t like this at all — he needs a solution> By leaving OPEC, the UAE can produce and export much more oil, as it is no longer bound by quotas> This increases the circulating supply > More supply lowers the prices of oil globally, at least temporarily> Lowering the price of oil is bad for countries like Saudi Arabia that aren’t able to offset it by increasing production, so they get annoyed In short, this is Trump’s plan to manage the oil price crisis he created as a result of the Strait of Hormuz being closed.@Middle_East_Spectator
For those who want it simplified:> Oil prices are high, Trump doesn’t like this at all — he needs a solution> By leaving OPEC, the UAE can produce and export much more oil, as it is no longer bound by quotas> This increases the circulating supply > More supply lowers the prices of oil globally, at least temporarily> Lowering the price of oil is bad for countries like Saudi Arabia that aren’t able to offset it by increasing production, so they get annoyed In short, this is Trump’s plan to manage the oil price crisis he created as a result of the Strait of Hormuz being closed.@Middle_East_Spectator‐-----UAE has major ports outside the Strait of Hormuz, Fujairah and Khor Fakkan.
I know it isn't important for you zoomies but lets say it is equal to MrBeast getting ran over by a car.
>>534040277Why don't Saudis bomb UAE oil facilities?
>>534040543>equal to MrBeast getting ran over by a car
>>534039909The gulf states are fucked lmao
>>534040236Nothing, it's unashamedly a cartel
>>534040677Most gulf states don't deserve to exist. Half of them are small tribes propped up by hordes of jeet and Nepalese slave labour.
>>534039909>Got to see the death of OPEC>Iran reduced to rubble>China shitting itself due to a potential looming national oil crisesAmerica stays winning
>>534040324Saudis also read the news they can also increase production now. Why wouldn't they.
Why are miggers so adamant on saying this is a 7D chess of trump and not just a fuck you to sell on yuan lol.
