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That's what it is. It's a group of countries that have oil reserves that basically set the price of oil barrels. Okay. And Saudi Arabia is pretty dominant because they have... Um, you know, I mean, they, they are the oil gods basically. Yeah.
That's what it is. It's a group of countries that have oil reserves that basically set the price of oil barrels. Okay. And Saudi Arabia is pretty dominant because they have... Um, you know, I mean, they, they are the oil gods basically. Yeah.
That's what it is. It's a group of countries that have oil reserves that basically set the price of oil barrels. Okay. And Saudi Arabia is pretty dominant because they have... Um, you know, I mean, they, they are the oil gods basically. Yeah.
And yeah, the organization of petroleum exporting countries and, uh, Russia basically went back to OPEC and was like organization of petroleum exporting countries. Yeah. Okay. Yeah. At the time, Russia had a lot to, you know, a lot to gain from and all these other countries had a lot to also gain from basically limiting the price of, or limiting the supply of oil.
And yeah, the organization of petroleum exporting countries and, uh, Russia basically went back to OPEC and was like organization of petroleum exporting countries. Yeah. Okay. Yeah. At the time, Russia had a lot to, you know, a lot to gain from and all these other countries had a lot to also gain from basically limiting the price of, or limiting the supply of oil.
And yeah, the organization of petroleum exporting countries and, uh, Russia basically went back to OPEC and was like organization of petroleum exporting countries. Yeah. Okay. Yeah. At the time, Russia had a lot to, you know, a lot to gain from and all these other countries had a lot to also gain from basically limiting the price of, or limiting the supply of oil.
Um, you know, we're in the post COVID era too. And then like, they're also, They were also making a lot of money or they had lost a lot of revenue. So they wanted to recoup because nobody was like flying around or using oil because everyone was like starting home. So they were recouping on those losses by just basically saying demand is on an all time high. We're not going to produce, you know.
Um, you know, we're in the post COVID era too. And then like, they're also, They were also making a lot of money or they had lost a lot of revenue. So they wanted to recoup because nobody was like flying around or using oil because everyone was like starting home. So they were recouping on those losses by just basically saying demand is on an all time high. We're not going to produce, you know.
Um, you know, we're in the post COVID era too. And then like, they're also, They were also making a lot of money or they had lost a lot of revenue. So they wanted to recoup because nobody was like flying around or using oil because everyone was like starting home. So they were recouping on those losses by just basically saying demand is on an all time high. We're not going to produce, you know.
We're not going to keep up with that demand to make sure that we stabilize the prices.
We're not going to keep up with that demand to make sure that we stabilize the prices.
We're not going to keep up with that demand to make sure that we stabilize the prices.
Oh, yeah, they could have produced way more. Right. So the point I was going to make is Brandon went back to Saudi Arabia. You know, he shook hands with MBS and was like, hey. Who did, Brandon? Brandon, Joe Brandon, Joe Biden. Oh, Joe Biden. Yeah, he went to Saudi Arabia. He was like, come on, Jack, you know, produce more oil. Come on, don't do it. And they were like, nope.
Oh, yeah, they could have produced way more. Right. So the point I was going to make is Brandon went back to Saudi Arabia. You know, he shook hands with MBS and was like, hey. Who did, Brandon? Brandon, Joe Brandon, Joe Biden. Oh, Joe Biden. Yeah, he went to Saudi Arabia. He was like, come on, Jack, you know, produce more oil. Come on, don't do it. And they were like, nope.
Oh, yeah, they could have produced way more. Right. So the point I was going to make is Brandon went back to Saudi Arabia. You know, he shook hands with MBS and was like, hey. Who did, Brandon? Brandon, Joe Brandon, Joe Biden. Oh, Joe Biden. Yeah, he went to Saudi Arabia. He was like, come on, Jack, you know, produce more oil. Come on, don't do it. And they were like, nope.
The reason why I'm telling this convoluted story is because then we have American oil and gas industry providers, right? Like we have our own oil. Everybody always talks about how we have independence, like energy independence in America. So he went back to the American oil and gas industry and was like, all right, you guys have to produce more oil because you have to offset what OPEC is doing.
The reason why I'm telling this convoluted story is because then we have American oil and gas industry providers, right? Like we have our own oil. Everybody always talks about how we have independence, like energy independence in America. So he went back to the American oil and gas industry and was like, all right, you guys have to produce more oil because you have to offset what OPEC is doing.
The reason why I'm telling this convoluted story is because then we have American oil and gas industry providers, right? Like we have our own oil. Everybody always talks about how we have independence, like energy independence in America. So he went back to the American oil and gas industry and was like, all right, you guys have to produce more oil because you have to offset what OPEC is doing.
And you know what they said? Fuck you. That's what they said. They rely, the oil and gas producers in this country, the fossil fuel industry gets 80% of our energy subsidies. It's like billions of dollars that they get.
And you know what they said? Fuck you. That's what they said. They rely, the oil and gas producers in this country, the fossil fuel industry gets 80% of our energy subsidies. It's like billions of dollars that they get.