Stuart Varney: OPEC+ meeting a ‘big deal’ amid war, global energy crisis
Stuart Varney: OPEC+ meeting a ‘big deal’ amid war, global energy crisis
FOX Business host Stuart Varney argues OPEC+ increasing oil prices is ‘another problem for the president.’
"Varney & Co." host Stuart Varney discusses OPEC+ considering a massive cut in oil production as inflation and the war in Ukraine rages on, arguing the meeting is a "big deal" during his latest "My Take" Wednesday.
STUART VARNEY: Two hours ago, OPEC+ opened its first in-person meeting in two years. Oil ministers from around the world got the urgent call on Saturday: get over to Vienna fast.
You need to be there for this. In the middle of a war and a global energy crisis. This meeting is a big deal.
It’s certainly an embarrassment for President Biden. He had begged the Saudis to increase oil output. But at this meeting, they're going to cut.
They want the price to go up. And that’s another problem for the president. He'd taken credit when gas prices went down, but now that prices are rising again, the White House blames Putin.
AMERICANS SHOULD PREPARE FOR GAS PRICES TO KEEP RISING, ANALYSTS WARN
FOX Business’ Stuart Varney discusses U.S. energy independence at risk under the Biden administration. (Fox News) Before that he [Biden] blamed the oil companies, even gas station owners. What will he say when the average price of gas, now at $3.83, goes to $4 a gallon. It's already well above $5 in Oregon ($5.53). Nevada $5.53, Washington $5.34, and it's $6.42 in California. Those are all Democrat states. Years ago, President Obama warned him that voters don't like high gas prices. Nor does the economy. Who needs more inflation when things are already slowing down? US OIL INDUSTRY LEADERS CALL ON BIDEN TO TAKE EXPORT BAN OFF THE TABLE Two years ago, Trump was president and American energy ran the show. Now we don't. Now, we are dependent on OPEC, and they're telling the president to get lost. We should rise to the challenge and go get our own energy. But Biden won't do it. He's married to the greens, and he doesn't want a divorce. It's only 34 days to the midterms. CLICK HERE TO READ MORE ON FOX BUSINESS Source: Read Full Article