Obsidian Energy Ltd T.OBE

Tomorrow

[JohnJBond]

Tomorrows (Wednesday) opec+ decision is going to be fascinating 

its G7 vs BRICS

Biden's minions must have been doing everything they can to pressure opec+ to not cut production 

In the last few days we've seen opec+ respond by first hinting at 500,000k barrels cut, then 1 million then 2 million 

Alomg the way MBS asked the US to drop its claim he killed kasshogi (sp).    The US responded by saying they'd think about it   This was an apparent attempt to humiliate Biden by getting Biden to reverse himself

Right before the leaks started - nord stream 1 and 2 were destroyed.    The US appears to be the prime suspect - to keep Germany from its apparent recent decision to stop sending military support (tanks) to Ukraine

Behind the scenes an epic drama is unfolding.    Is the great g7 reset a rejection of opec+?     Will opec extort something from Biden and keep their cut minimal.    Or is this the moment opec switch's to the BRICS and tells Biden to piss off

[JohnJBond]

In my view this is a monumental day A 2 million barrel cut to the opec+ plus quota  Given how many of the members are not at their quota it's hard to know how many barrels are going to be removed It looks like Saudi Arabia, UAE and maybe Kuwait.     So 500-600,000 boe per day ish  They can add them back anytime they want - as this cut amounts to real spare