42 UAE joined OPEC in 1967 and has been a member for nearly 60 years… UAE joined OPEC in 1967 and has been a member for nearly 60 years… This is a seismic shift. The UAE is effectively breaking free to pump as much oil as it wants, at a moment when the world is desperately short of supply… (twitter.com) posted 38 days ago by Oldpatriot 38 days ago by Oldpatriot +42 / -0 9 comments share 9 comments share save hide report block hide replies
In the US, we're NOT in short supply. We're flush with crude and actually selling to the world. Yet, the pump prices are going up fast. Why is that? The spot oil market in the City of London is keeping it artificially high to make Trump look bad.