OPEC Pissed as Oil Price Drops Due to US Opening the Tap

Andrew Anglin
Daily Stormer
March 20, 2017

Arabs just got BTFO.

This is the direction we need to be going in.

All of the money we spend on oil effectively goes to funding international terrorism.

Bloomberg:

Oil fell as U.S. drilling continues to climb and Libyan crude ports prepare to reopen, undermining the potential for OPEC output curbs to rebalance the market, even if extended into the second half of the year.

Futures dropped as much as 1.9 percent in New York. Energy Minister Khalid Al-Falih said on March 16 that Saudi Arabia may extend its cuts if supplies stay above the five-year average. A day later, though, data showed the U.S. rig count growing for a ninth week and a Libya official said Sunday that the Es Sider and Ras Lanuf ports are preparing to restart oil exports.

U.S. oil this month dipped below $50 a barrel for the first time in 2017 as near-record U.S. stockpiles and rising output weighed on the production reductions by OPEC and its allies.

While the the Organization of Petroleum Exporting Countries won’t decide until May whether to prolong the cuts, ministers including Russia’s Alexander Novak will meet this weekend in Kuwait to discuss the deal’s progress. Money managers cut net-long positions on oil by a record.

“The reopening of the Libyan ports is the reason for today’s drop and the U.S. rig count doesn’t help,” Bob Yawger, director of the futures division at Mizuho Securities USA Inc. in New York, said by telephone. “The drop in net-length is a signal from speculators that the market is vulnerable.”

West Texas Intermediate for April delivery, which expires Tuesday, fell 67 cents, or 1.4 percent, to $48.11 a barrel at 9:59 a.m. on the New York Mercantile Exchange. The more-actively traded May contract dropped 56 cents to $48.75. Total volume traded was about 14 percent below the 100-day average.

We are going to free ourselves from the international monkey petrol cartel.

We are going to be independent again.

Notable Replies

  1. Precisely this. If it weren't for their oil their countries would be nothing. They're niggers, Arabs here in the UK often act like niggers, dress like them etc. Lebanon, Syria and to some extent Jordan should be wealthier than the filthy peninsula dwelling Bedouin Arabs with their dark skin and mid-80 IQs. They're not because of oil. And all these Arabs do with it is buy stupid shiny cars, obnoxious buildings and agriculture projects. All white technology.

    Saudi Arabians should be having to drink camel piss to survive, not be billionaires. Though I guess their temperament is good enough that they can invest in the future with their money, as gaudy as their tastes are.

  2. The oil fields are the last good job left for strong white men.
    Well I don't work in the oil fields a lot of my employment comes from ancillary services to Oil Workers.
    Our current $2 a gallon gas is doing no favors to The Average White American
    A standing guaranteed price of $80 a barrel would do wonders for this country.
    Whenever the west Texas oil price dips below $80 the tarrif would start. On imported oil.
    So currently the federal government be collecting around $38 a barrel in tariffs on imported oil.
    It would result in about a $3 a gallon cost in gasoline.
    But first it would remove the huge amount of Jewish oil speculation that drives the prices up and down in a crazy matter.
    Trucking companies and other consumers of oil Airlines Ext.
    would be given a somewhat guaranteed price of around $3 a gallon for fuel which would make business planning a lot easier.
    A huge amount of our trade imbalances would disappear and good jobs for white American workers would open up like crazy.
    Stopping the boom-and-bust cycle of oilfield jobs would also be fantastic for the average moe that works in an oil field.

  3. A LOT more employment than people realize comes out of the oil and gas industry.

  4. I spent last summer working in Montana.
    The Wyoming coal industry is being destroyed and a lot of that Colal would ship through Montana.
    The Burlington Northern and Santa Fe Railroad had over a thousand train engines idled so over a thousand trained engineers and other train crew are out of work.
    In a lot of the small towns every white man you spoke to used to have a good job working for the railroad or and hard rock mining or in the oil fields.
    Most of them are Milling around in some part-time gig hoping that things will start up again.

  5. I had a bad diarrea once after eating a kebab, i think it was Allah will. Or the north african inbred fuck running a kebab shop to launder drug money for his cousins was just sloppy about hygiene.

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