Off-Topic Pain: Targets? US Idiots.

[UMFarArcher]

This is going to be lots of fun.

Related, but not the same, we're noting almost every week another nation decides to turn from Petro Dollars to dealing with other countries in their own currencies - and soon, un-needed, un-wanted dollars will flood the market - and the almighty dollar will be worth squat.

Bloomberg:

"Algeria is to cut oil production by 48,000 BPD (barrels per day) starting from May until the end of 2023."

"Russia's Deputy PM Novak: Russia to implement voluntary cut in oil production by 500,000 BPD untill the end of 2023."

"Iraq decides to start a voluntary oil production cut of 211,000 BPD as of May until the end of 2023 - Oil Industry"

"Kuwait to voluntarily cut oil production by 128,000 BPD starting from May until the end of 2023."

"Oman to reduce oil production voluntarily by 40,000 BPD starting in May until the end of 2023."

"Saudi Arabia will reduce its oil production by 500,000 BPD starting from May to the end of 2023 - State Media."

"UAE to lower oil production voluntarily by 144,000 BPD starting in May to the end of 2023 - Minister."



SO - nations with the bulk of world population are turning away from dollars - and now this "sudden" voluntary oil production cut - is going to bring - pain. Savings, pensions, investment funds - all going to be consumed or severely eroded by a combination of inflation and devaluation of the dollar.

Oh! And Biden's almost drained our strategic reserve - to bring prices down for our 2022 elections.

This is going to be great!

A Liberal/Democrat heaven!

 

[No_Fly_Zone]

This is going to be lots of fun.

Related, but not the same, we're noting almost every week another nation decides to turn from Petro Dollars to dealing with other countries in their own currencies - and soon, un-needed, un-wanted dollars will flood the market - and the almighty dollar will be worth squat.

Bloomberg:

"Algeria is to cut oil production by 48,000 BPD (barrels per day) starting from May until the end of 2023."

"Russia's Deputy PM Novak: Russia to implement voluntary cut in oil production by 500,000 BPD untill the end of 2023."

"Iraq decides to start a voluntary oil production cut of 211,000 BPD as of May until the end of 2023 - Oil Industry"

"Kuwait to voluntarily cut oil production by 128,000 BPD starting from May until the end of 2023."

"Oman to reduce oil production voluntarily by 40,000 BPD starting in May until the end of 2023."

"Saudi Arabia will reduce its oil production by 500,000 BPD starting from May to the end of 2023 - State Media."

"UAE to lower oil production voluntarily by 144,000 BPD starting in May to the end of 2023 - Minister."



SO - nations with the bulk of world population are turning away from dollars - and now this "sudden" voluntary oil production cut - is going to bring - pain. Savings, pensions, investment funds - all going to be consumed or severely eroded by a combination of inflation and devaluation of the dollar.

Oh! And Biden's almost drained our strategic reserve - to bring prices down for our 2022 elections.

This is going to be great!

A Liberal/Democrat heaven!

The sentences bolded and in italics are why this thread was locked. No politics in Off Topic. That's now the exclusive province of the Town Hall forum. Admittedly, I could have moved this instead of locking it, but I wouldn't want to be redirected to that board for even a second.