Quote:Now, the word is that OPEC is going to be cutting production by 100,000 barrels a day, in a smackdown to Joe Biden.

Naturally, that caused oil prices to jump.

U.S. crude rose 3.3%, to $89.79 per barrel, while international benchmark Brent was up 3.7%, to $96.50, after the decision.

The amount of oil per day “may seem negligible, but the message from today’s cut is clear: OPEC+ thinks they’ve fallen enough,” Columbia University energy policy expert Jason Bordoff tweeted.

That just shows how little respect they have for Biden, despite his pleading. It also shows again — because of Joe Biden’s policies that attack the energy industry — we are subject again to the whims of OPEC, rather than having more energy independence as we had under President Donald Trump.

The White House response was clueless, in a statement supposedly responding to OPEC but with no reference to the OPEC move or any real answer to deal with it.

This is on top of the European energy crisis, with Russia turning the screws on them as we reported, cutting off Nord Stream. Trump told Germany they were getting themselves in trouble with reliance on Russia and Germany laughed. Now they’re likely to go cold this winter and have real problems. We have the supply and the ability to provide for both our needs and our allies in Europe — if we just went back to encouraging production and independence, instead of relying on foreign oil and bad energy policy.

But that would require competence in the White House and that’s unfortunately not what we have there right now.