According to " Observer Network ", recently, "OPEC+" (OPEC+) held a ministerial meeting in Vienna . After discussion by all parties, has now agreed that OPEC+ will reduce oil production by 2 million barrels per day from November, which accounts for 2% of global demand, and it is also the largest production cut since the epidemic.
But this move really needs to be carried out in stages, and it will not be said that it suddenly reduces production. But overall, the ultimate goal is to reduce oil production.
In this regard, the United States has also taken corresponding measures. After the results of the discussions of OPEC+ meeting were announced, Biden issued an order that in November, the United States will take out 10 million barrels of oil from its strategic oil reserves to provide it to the market , and also called on US energy companies to reduce retail oil prices.
In fact, before this, the United States has been lobbying OPEC+ to increase oil production. Biden has also personally visited some Middle East countries, hoping to persuade them to increase oil production to control global oil prices. But now it seems that the pressure and opposition from the United States have failed to work. Although OPEC+ has increased slightly after Biden's trip to the Middle East, it has begun to continue to reduce production.
Later, the United States used both soft and hard work. On the one hand, it made a promise that if OPEC+ did not reduce production, even if global oil demand declined, the United States would maintain the stability of oil prices by increasing purchasing efforts; on the other hand, US Treasury Secretary Yellen also put pressure on some major OPEC+ oil-producing countries, saying that if production is reduced, the reputation of these countries will be affected, and even increase the "political risks" between them and the United States and Western countries.
It is not difficult to see from this that the United States has generally not changed its attitude towards restricting oil prices, and it is willing to force OPEC+ to stop reducing production through various political and diplomatic means. CNN believes that the reason why the United States does this is mainly to mitigate the risk of inflation and avoid further intensification of the economic recession.
However, the fact is that these actions of the United States did not play an effective role. Even because the United States has jointly limited oil prices with its allies many times, OPEC+ has had to speed up the pace of production cuts in order to maintain the stability of oil prices and protect its own interests.
Although for many Western countries that are already facing energy shortages, oil production cuts may cause a new round of crisis, from a multi-dimensional perspective, the United States is the one that is most affected by the production cuts. From an economic perspective, although the United States is also a major oil country, its development is more difficult, and those oil industries are basically individual enterprises, and their returns do not belong to the government. The rise in oil prices may intensify inflation.
From a strategic perspective, as one of the most important oil-producing countries of OPEC+, the price increase caused by oil production cuts will increase Russia's revenue in the field of energy exports, which is obviously the opposite of the United States' purpose of suppressing Russia and trying to drag down the Russian economy.
From a political perspective, even if the United States makes a promise and even uses sanctions to put pressure on, those major Middle East oil powers still insist on reducing production. This actually reflects from the side that the United States' influence on the Middle East is constantly weakening, so that these Middle East oil-producing countries that were originally close to cooperation with the United States have gradually become out of the control of the United States.
What the United States is most worried about is that once some countries show this sign, it is not ruled out that other countries will rise up one after another. In the long run, the United States' political status in the international community may face negative impacts.
It is precisely because of the current difficult situation that the US government immediately announced that it would provide 10 million barrels of strategic reserves of oil to maintain the oil supply. But in terms of quantity, the 10 million barrels of oil in the United States are just a drop in the bucket and still cannot change the trend of rising oil prices.
Of course, the United States obviously will not do useless work. In addition to temporarily alleviating the urgent need, these 10 million barrels of oil may also be to try to gain as much time as possible. It has also been mentioned before that the scale of OPEC+'s production cut this time is huge and needs to be carried out in steps. Therefore, during this period, the United States may once again negotiate with OPEC+ member states or put pressure on it.
Judging from the current situation, the United States wants to force OPEC+ to make concessions through pressure. The Biden administration threatens to discuss with Congress on the "extra tool" to deal with the matter. It is understood that this "tool" refers to a bill that allows the United States to sue OPEC 2 member states on the grounds of "manipulating the energy market."
It is worth noting that while the United States is stepping up pressure, the EU shows signs of "looseness". According to the " Global Times ", the EU has announced the eighth round of sanctions on Russia, but among them, has room for oil prices. It is reported that the EU believes that oil plays an irreplaceable role in all areas, so the EU's decision is divided into two stages in the matter of limiting oil prices on Russia.
000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000 The results of now prove that Biden’s previous efforts were completely in vain, and his strategy in the oil field did not achieve the ideal results, and it can even be said to be a "failure".
, and not only has it been repeatedly frustrated internationally, but also Biden's moves were ridiculed by Republican in the United States. Former US President Trump publicly stated that the United States itself is an oil power, but Biden went to "beg" Saudi and other countries to provide oil, which is extremely crazy.
Combined with this fact, it is not difficult to see that for the current United States, the oil controllers, American capitalists, will not take into account the interests of ordinary people, but will make profits due to production cuts and prices, and the final consequences will still be borne by the people.
For those people who are already suffering from economic inflation and the epidemic, their dissatisfaction with the Biden administration may rise again, which will cause Biden's support rate to decline again. Considering the upcoming midterm elections, the Biden administration may face greater pressure.
In general, OPEC+ has agreed to reduce oil production, and the United States has also made a response, but whether it is effective in the long run and what reaction will be made next will also directly or indirectly affect the economic trend and political influence of the United States.
