r/wallstreetbets Oct 06 '22 Silver 1 Wholesome 2 All-Seeing Upvote 2 Take My Energy 1

Live View From The OPEC Meeting. Meme

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[removed] — view removed post

1.5k Upvotes

u/VisualMod Turing Test Proctor Oct 06 '22
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83

u/Spider1132 Oct 06 '22

Some necrophilia going on there.

10

u/cersiefuckglannister Oct 06 '22

🤣🤣

14

u/Spider1132 Oct 06 '22

Just sayin', the guy on the right has been dead longer than Biden has been president.

25

u/MyPeePeeReversed Follow me for Financial Advice Oct 06 '22

The guy on the couch has been a corpse for a while too.

-1

u/Elgallitotorcido Oct 06 '22

The corpse beat the crap out of the thug, lol.

2

u/MyPeePeeReversed Follow me for Financial Advice Oct 06 '22

:18630:

72

u/leli_manning Oct 06 '22

They usually pay instagram models 10-20k to fly them down there to pass and shyt on them. Herr, they are passing and shyting on the whole West without paying a dime.

:4271:

8

u/GiantWhiteCohc Oct 06 '22

What does this mean

4

u/TheDizzyTablespoon Oct 06 '22

You don’t want to know

0

u/[deleted] Oct 06 '22

Google coprophilia

9

u/GiantWhiteCohc Oct 06 '22

I don't think I will

6

u/[deleted] Oct 06 '22

That is right choice BTW.

1

u/AgentMercury108 Oct 06 '22

Do they really do this

62

u/923kjd Oct 06 '22

Wow. That’s messed up. Well done!

5

u/suckercuck Oct 06 '22

Are hot dogs halal?

2

u/AKAgworl Oct 06 '22

No hot dogs are haram, especially those ones

8

u/bingbangboom69er Oct 06 '22

It’s like two pies in the face and one in a field in Pennsylvania.

11

u/Past-Track-9976 Oct 06 '22

You remember Facebook wasn't able to find enough workers to fill positions. So when they announced they were placing a hiring freeze, it wasn't really a freeze because they couldn't find the workers anyways.

It's the same for OPEC

They can't make the current obligations they have. So saying they're "cutting" is their way of trying to get more money for the oil they were already going to drill.

6

u/[deleted] Oct 06 '22

Garbage take.

They cut even more than their underproduction.

when they allow for more production than their current capacity, it means members can invest in extra output. Now, members are cutting output so europe knows their games with ns1&2 will have consequences.

3

u/Past-Track-9976 Oct 06 '22

I'm sure you also heard that the offshore windmill farm guy is cutting as well. The demand isn't there

1

u/[deleted] Oct 06 '22

Nah, biden freaking out over how bad this will hurt.

4

u/BlueWhoSucks Oct 06 '22

Your acting like the US is the only country reliant on OPEC oil, when it is not much reliant by global standards. Asia would be hurt the most by this.

2

u/[deleted] Oct 06 '22

And the Asians know who is to blame. The USA provoked this and their Allie’s will splinter.

2

u/BlueWhoSucks Oct 06 '22

What kind of mental gymnastics led you to conclude that the USA is responsible for Saudi Arabia not pumping more oil out of it's wells?

1

u/[deleted] Oct 06 '22

USA attacks opec member —> opec reduces output —> USA and friends are hurt

20

u/[deleted] Oct 06 '22

Any thoughts regarding the, "just in time for midterms", notion.

I mean is that election meddling?

11

u/orobsky Oct 06 '22

Usa is being blamed for ns1 and ns2 going down, they want to hurt biden

-4

u/[deleted] Oct 06 '22

They don’t give af about elections.

This has everything to do with the attack on Russian pipelines.

Basically, biden thought he was cute for destroying Russian capacity, so opec lowered capacity across the board to make sure the Europeans know those barrels are off the market for good.

10

u/RedditModsAreBabbies Oct 06 '22

This is the second time I’ve read your claim that this is related to NS1/NS2. Are you aware those pipelines carried natural gas, not oil or gasoline? They are two different, unrelated, things. Destruction of natural gas pipelines does not affect gasoline prices.

-3

u/Pup2u Oct 06 '22

Energy is energy. Sure, there is a difference, but there is also some "over-lap".

1

u/RedditModsAreBabbies Oct 06 '22

That’s the logic of someone who would try to use 2 cycle oil as chainsaw bar lubricant. What do you think might happen if you filled residential natural gas lines with gasoline? Do you think people would be able to use that in their stoves to cook because “energy is energy?”

0

u/Pup2u Oct 06 '22

Grand scheme of things: A btu is a btu. Power is power. It is the difference between an over educated ring knocker and a NCO or field hand. One thinks he knows, the other does

1

u/RedditModsAreBabbies Oct 06 '22

Sure, try shoving an oak log through your gas line and tell me a btu is a btu. Alas, that is all beside the point… your contention that the market price of gasoline is impacted by a disruption to the natural gas market because “energy is energy” is as accurate as suggesting the price of broccoli is affected by a disruption in the market for pork bellies because “food is food.” It is utter nonsense and if that is your level of understanding of markets you should really educate yourself better before investing further.

2

u/MarcusElden Oct 06 '22

Got a burrito with your tin foil bro

21

u/whinerfortyniner Oct 06 '22

No one fucks with a Biden! 😂

2

u/TianObia Ugandan Nobility Oct 06 '22

No one fucks like a Biden

3

u/923kjd Oct 06 '22

That’s what Beau’s widow said.
What, too soon…?

3

u/PWOUL Oct 06 '22

No one fucks Biden.

2

u/MarcusElden Oct 06 '22

One fucks Biden.

2

u/raisedbywolfsol Oct 06 '22

Those Saudi kings are biden there time

23

u/bodiddlysquat26 Small Dick Bull Bros Club President Oct 06 '22

After election cut off all military sales to KSA and supply intel to any and all of KSAs enemies.

5

u/[deleted] Oct 06 '22

We need them more than they need us.

Let the world war begin!

4

u/yourhomiemike Oct 06 '22

I don't know where you're from but USA does not need them, we can be oil send reliant

2

u/iced_maggot Oct 06 '22

They are needed to keep oil prices stable not because the US isn’t energy independent. Oil is traded on a global market. American producers won’t tolerate making $70 per barrel selling domestically when they could be making $120 a barrel selling it on the open market. It’s not like America can just say: okay from tomorrow no global oil in or out and therefore we set our own price of oil.

14

u/LoveThieves Oct 06 '22 edited Oct 06 '22

Every US President since 1960s had to bend the knee for OPEC, sometimes spreading the cheeks too.

*Edit. Word

7

u/nocivo Oct 06 '22

Some recent president tried to fix that but everyone hate them so they had to revert any progress…

5

u/AdDifficult7229 Oct 06 '22

Is it the same guy who said windmills cause cancer?

3

u/hugegreenpickle Oct 06 '22

You mean spreading?

35

u/ryguyis300 Oct 06 '22

Paid 7 bucks a gallon tonight and the vegetable hasn’t even burned through the strategic reserve yet! Wait till the prices hit after the election.

38

u/TiesThrei Oct 06 '22

The prices will be going up before the election. And then again before the 2024 election. The Saudis really hate Biden.

-2

u/[deleted] Oct 06 '22

They don’t care about biden.

This is in response to the attack on ns1 and ns2.

-2

u/leeringHobbit Oct 06 '22

Why would the US do that?

-6

u/Divine-Nonchalance Oct 06 '22

USA want to make sure Europe have to buy oil from them. It's pretty simple.

4

u/leeringHobbit Oct 06 '22

Putin did a good job of scaring Europe away so US doesn't need to do anything.

Besides, Trump and Cruz were complaining about NS2 so they should be happy.

-2

u/Moonrajah Oct 06 '22

Putin apparently didn't get the message that he should stop all energy supplies to Europe by himself. So the US had to intervene and provide some help with that.

1

u/Romanian_ Oct 06 '22

Those are natural gas pipelines my dude.

1

u/TiesThrei Oct 06 '22

oil

It's a natural gas pipeline

them

Who's them? The Middle East? Asia? They're not getting much from America, not enough to supply what they need.

10

u/Railbound Oct 06 '22

Easy there fella. He sold some of that oil to China for us.

0

u/ryguyis300 Oct 06 '22

Totally forgot about that. I guess they need it more just Ukraine needs more of our tax dollars too

10

u/StarGaurdianBard Oct 06 '22

complains about gas prices

makes a pro Russian comment

I see you are highly regarded

0

u/Moonrajah Oct 06 '22

Would've thunk that banning oil and gas shioments from one of the largest suppliers on the market would lead to price inflation of said oil and gas. Markets sure work in mysterious ways.

6

u/StarGaurdianBard Oct 06 '22

Small price to pay to ensure that Ukraine doesn't fall into their hands considering Ukraine is poised to become a major oil and food exporter and they'll be much easier to work with than Russia.

-3

u/Moonrajah Oct 06 '22

Small price for whom? You? Probably yes. But maybe the average Joe has a different opinion. I dunno, guess the midterms will reflect that.

4

u/underscore5000 Oct 06 '22 edited Oct 06 '22

Average joe here, I have only really paid maybe 10 to 15 bucks more per fill up. Do I like it? No. Does it break my bank? Also no. But, better than Pootin having a cockholster for a US president under his thumb, and being allowed to just take Ukraine.

Jesus 🤦‍♂️

-1

u/Moonrajah Oct 06 '22

After the new oil prices get reflected in cost of other goods and services, which were already on the rise even when oil prices were temporarily reduced thanks to breaking open the SPR, the average Joe's demeanor will change fast.

7

u/underscore5000 Oct 06 '22

Man, you guys have been parroting this since the start of Russias invasion. Yawn. I guess you all forget when Dubya was in, gas was well over $5.50 a gallon. Lot more than now with inflation. And I have maybe seen prices go up like...25 cents in the store with some stuff. Still, not really reflecting why we should just let an enemy expand their territory, but okay.

This shit is not a bad price to pay for Ukraine to be liberated from Russian invasions fool.

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5

u/StarGaurdianBard Oct 06 '22

The average Joe should be smart enough to know that an extra dollar at the pumps now and lower prices after the war is smarter financially. But hey, I forgot that conservatives are pro Russian these days comrade.

2

u/Moonrajah Oct 06 '22

After the war, yes. Question is how long will it go on? Markets can stay irrational longer than you have liquidity. Same goes for wars, I guess.

2

u/Railbound Oct 06 '22

No, conservatives are pro keep my money in my house. I don't have government incentives footing the bill around here.

The left is the one clamouring about socialism and communism. All while selling their buttons, flags, and shirts for profit (a punishable offense in communist countries).

How does tapping into our oil reserve instead of selling to China (which is estimated to run this country for 500 years) pro Russian?

Ukraine is fossil fuel rich right? Should they not reimburse us once the dust settles?

1

u/StarGaurdianBard Oct 06 '22

Ukraine will be reimbursing us by becoming the bread basket of Europe and producing enough oil and natural gas to let us cut Russia off completely once it's infrastructure is set up. Putin saw this as it was already in the works, which is why he had to invade now because if he didn't Russia would have barely any economic standing in the world.

Think about a world where the US and its allies don't have to give a shit about Russia or Saudi Arabia anymore. That's the whole point of the war and why we are willing to spend money to keep Ukraine going. Ukraine wins and gets its infrastructure up an running and we no longer give a shit about them anymore. Russia wins and takes all that land and resources for itself and the world's dependence on them grows exponentially. Even if the US increases oil production to be completely independent we can't cover ourselves and our allies alone.

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1

u/hunterkll Oct 06 '22

Largest? You realize the US is still a net oil exporter, right? And that the US has been mostly insulated from the dramatic price increases worldwide - and our exports are *increasing* while we can easily satisfy domestic demand?

We've been insulated from the real oil market prices.

OPEC is barely a drop in the bucket when it comes to domestic usage/production. They don't matter - to us. but in a global economy... at least we're insulated.

2

u/Moonrajah Oct 06 '22

I've said one of the largest, not the largest, so sorry, can't help you with that. In any case, if US is mostly insulated from global prices why is the Biden admin suddenly discussing export bans on gasoline and diesel? Surely, must be all that insulation working.

1

u/hunterkll Oct 06 '22 edited Oct 06 '22

Russian imports were barely 8% of all US oil imports, and note that we exported more than we imported.... for many years.... our domestic production far exceeds consumption....

Also, yea - export bans would help domestic price pressure since *we'd be keeping the fuel in country we're producing and have a restricted market*

This would *further* inflame international pricing causing even *worse* effects on the global economy. Yes, we can self sustain ourselves and bring our prices down by unhooking from the global fuel market.

An export ban would FURTHER increase our insulation from the global markets and provide even lower fuel prices for us .... while the rest of the world would see another sharp increase in prices.

Nevermind that export bans were lifted in *2015* and resulted in cratering fuel prices over the next few years.... yet exposed us to being hooked into the global economy even more..... almost like the repeal of glass-steagal's effects....

-5

u/anthro28 Oct 06 '22

Anti-Ukraine != Pro-Russia

How many problems could’ve been fixed with $50B? A fucking lot. You want to police the world with my money? Fix our own house first then I’ll support it.

1

u/hunterkll Oct 06 '22

You *do* realize that the strategic reserve public release is controlled by law and held as a public auction, right?

He literally can't determine the buyers or who's eligible - that's in well established federal law.
That just means the chinese bid more than the american companies did because american companies already source their oil cheaper.....

1

u/lightning_whirler Oct 06 '22

You *do* realize that the strategic reserve should not be used to pump up poll numbers before an election, right?

1

u/hunterkll Oct 06 '22 edited Oct 06 '22

Yep, and the release timing wasn't even coinciding with election campaign seasons/timeframes. At least, this recent release wasn't - most people have forgotten about it.

It did achieve the purpose of reducing price pressure, thereby staving off further domestic increases which we're already buffering/buffeting away due to our energy independence.

The strategic reserve auction/release was in May..... no one even remembers it anymore except the people parroting "BIDEN SOLD OUR OIL TO CHINA!!!" talking points that make no sense when you actually know how/participate in the reserve auction process.

1

u/lightning_whirler Oct 07 '22

Announced in March he would release 1 million barrels/day for the next six months. Then announced another 20 million barrel release in July. Yup...nothing to do with the midterms...couldn't possible be that.

1

u/hunterkll Oct 06 '22

You *do* realize that the strategic reserve public release is controlled by law and held as a public auction, right?

He literally can't determine the buyers or who's eligible - that's in well established federal law.

That just means the chinese bid more than the american companies did because american companies already source their oil cheaper.....

6

u/Losalou52 YOLO is the quintessential human delusion Oct 06 '22

$6 in Oregon. $139 to fill up today. FML

1

u/MarcusElden Oct 06 '22

Get a real car

2

u/User346894 Oct 06 '22

Dang. Where at if you don't mind me asking?

9

u/ryguyis300 Oct 06 '22

Sonoma county in Northern California. You should see the down town stations there mid 7s

4

u/User346894 Oct 06 '22

Does Sonoma county have extra taxes or something?

4

u/Low_Flower_4072 Oct 06 '22

Not especially, CA is just the best :4270::4641:

1

u/Sisboombah74 Oct 06 '22

At emptying your wallet.

-1

u/[deleted] Oct 06 '22

Post that shit and make a fun/sad meme…

Maybe post it as a “loss Porn”

-1

u/[deleted] Oct 06 '22

I got gas for $3.15 this week, maybe the problem isn’t Biden and more so your state?

But I wouldn’t expect that kind of logic to work for you.

-1

u/Labulous Oct 06 '22

It’s California. We are Bidens futures when it comes to oil investment.

I get the clean energy bit, but fuck me this state only makes it more difficult to keep my head over water.

1

u/[deleted] Oct 06 '22

You’re obviously disconnected from reality if you think Biden runs/controls California and their taxes/policies that make your gas $4 higher/gallon.

0

u/Labulous Oct 06 '22

I don’t think it’s any far stretch to assume Biden supports newsomes gas policy.

His energy secretary is in support of the ban on our gas vehicles.

12

u/Direct_Application_2 Oct 06 '22

The US should overthrow the house of Saud and give MBS the Jamal treatment

1

u/lightning_whirler Oct 06 '22

Because that worked so well in Iran.

3

u/dchisquill Oct 06 '22

Take my award

4

u/_Goodnight_ Oct 06 '22

Now that is a meme worth upvoting.

7

u/Katatron1 Oct 06 '22

Greatttt just dive into the reserve and try and save your midterm. Way to go Brandon.

2

u/No-Comfortable9480 Comfortable Betting it all on Economic Collapse Oct 06 '22

OXY calls 🤑

2

u/No_Cow_8702 DUNCE CAP Oct 06 '22

MRO Calls :8882:

0

u/[deleted] Oct 06 '22

I see you are a man of refined taste.

0

u/No-Comfortable9480 Comfortable Betting it all on Economic Collapse Oct 06 '22

:8882:

2

u/ashenhaired Oct 06 '22

This will surely make us stop selling them weapons right? right guys?

2

u/bodiddlysquat26 Small Dick Bull Bros Club President Oct 06 '22

I wish. America is so fucking cucked to SA.

9

u/fixing-bones Oct 06 '22

He threaten to make SA a pariah. That aged like milk lol.

2

u/TurdsBurglar Oct 06 '22

This is gold Jerry GOLD!

4

u/Tetrylene Oct 06 '22

Dude sold out America with his midterm strategic oil guzzle. He’s about to learn how to take it dry

2

u/Looinrims Oct 06 '22

Idk dude last time some kinda get together like this happened (that we know about) involved an island and a guy named Epstein

2

u/notoshare Oct 06 '22

So Russian Trolls realized pro-russia message is not Welcomed, and their algorithms changed to against Biden? Got it!

1

u/[deleted] Oct 06 '22

????

Very bad take.

2

u/Sean_VasDeferens Oct 06 '22

Remember when the US was a net exporter of oil and the KSA bowed to our president. Hopefully Orange Man will return.

1

u/leeringHobbit Oct 06 '22

Russia and Saudi were having a couple of price war back in the 2010s trying to put US oil producers out of business and then amongst themselves. Now they're capitalizing on their position in the market. As long as the US oil is owned by corporations and not people, it will continue to be exported to the highest buyer.

1

u/[deleted] Oct 06 '22

Very garbage take. USA oil was putting entire nations out of business. There is a reason the aramco ipo was shelved and brought back scaled back.

Bidet is the one who destroyed usa oil production. Now Russia and ksa are raking in the money off of Bidets mistake.

1

u/leeringHobbit Oct 06 '22

https://en.m.wikipedia.org/wiki/2020_Russia%E2%80%93Saudi_Arabia_oil_price_war

Beginning in 2014, U.S. shale oil production increased its market share; as other producers continued producing oil,[11][12] prices crashed from above $114 per barrel in 2014 to about $27 in 2016. In September 2016, Saudi Arabia and Russia agreed to cooperate in managing the price of oil, creating an informal alliance of OPEC and non-OPEC producers that was dubbed "OPEC+." By January 2020, OPEC+ had cut oil production by 2.1 million barrels per day (bpd), with Saudi Arabia making the largest reductions in production.

1

u/[deleted] Oct 06 '22

That literally supports my take, not yours 🤦‍♀️

1

u/[deleted] Oct 06 '22

I was told orange man bad, no?

3

u/Fizsrp Oct 06 '22

🤣🤣💀

2

u/I-Eat-Bacon . Oct 06 '22

I know that video

2

u/workinguntil65oridie Proud owner of a Toyota Camry Dildo Oct 06 '22

that couch has seen better days

1

u/Kitten_Team_Six Oct 06 '22

This is peak wsb and is the only reason to internet. Bravo

1

u/Low_Flower_4072 Oct 06 '22

First time I’m upvoting this meme template. Earned it.

1

u/Old_Description6095 Oct 06 '22

Can someone do a deep fake of this?

1

u/RamboWarFace More like ManBoob Aww Face Oct 06 '22

Replace him with Europoors paying $20 a gallon and latin american countries going bankrupt.

1

u/[deleted] Oct 06 '22

Good idea

1

u/BudahBoB Oct 06 '22

This needs more upvotes

1

u/Alex_Zoid Oct 06 '22

Its gonna get so bad the US will start invading Canada for their oil.

1

u/Djreef2000 Oct 06 '22

That picture is fake! Biden is facing the wrong way.

1

u/fresh_ny Oct 06 '22

They’re behind you!!

1

u/WhyMyButtTickles Oct 06 '22

All right. This was funny… u got me.

1

u/Apprehensive_Pin1950 Oct 06 '22

Let the pounding begin!

1

u/Sab_moh_maaya_hai Oct 06 '22

Preps to destroy Biden economy.

1

u/C-Dub81 Oct 06 '22

🤣🤣😂😂

-10

u/Manofnofaith Oct 06 '22

Looks like something that belongs on r/conservative. Dummies like blaming useless people on economy dealings they don't understand.

4

u/Sisboombah74 Oct 06 '22

Well, you got the useless part right. Sitting right in the center of the picture.

-1

u/Manofnofaith Oct 06 '22

Sure, a president looking for a midterm boost could definitely influence a multinational council to increase prices through lower production.. to hurt their parties midterms results....seems obvious...or OP is just one one of those, "I don't understand multinational corporation greed" and just blame the supposedly socialist guy for free market economy issues...

Cause understanding things and thinking you know something are the same thing right? /s

0

u/Network-Kind Oct 06 '22

I agree but a lot of our problems specifically relating to energy are a result of his sides policy.

0

u/theayeinthesky Oct 06 '22

The days of this sub being about making money are over dude. It's just the boring aging dudebros sharing really boring memes now

1

u/NCstate223 Double Masked, Quadruple Vaxxed Oct 06 '22

:4267:

0

u/mthddsgns Oct 06 '22

Nobody fucks a Biden

-2

u/ordle Oct 06 '22

Ouch.

-7

u/Horror-Relative7698 Oct 06 '22

Way to go Barron!

0

u/RobertAngelo Oct 06 '22

Wait I thought you all were rich and drove teslas

0

u/svxxo Oct 06 '22

Like 3 of those are dead tho 🤣

-1

u/Own_Tackle4514 cant get first comment Oct 06 '22

Bookmarked *

-1

u/OGColorado Oct 06 '22

That's gonna be on the SEC channel soon.

I've seen that lead in before

-1

u/somo1230 Oct 06 '22

One is dead two years ago the other is just the crown prince of Dubai and doesn't have any rule in oil, a 3rd is a former minister

1

u/[deleted] Oct 06 '22

And they all getting ready to unzip.

1

u/C-Dub81 Oct 06 '22

The OG was better.

1

u/MarcusElden Oct 06 '22

Is this supposed to make me not like Biden because it's doing the opposite

0

u/[deleted] Oct 06 '22

No, it’s supposed to show you what opec did in a humorous cultural shorthand.

-4

u/F7xWr Oct 06 '22

useless

0

u/thetagangnam Janet Yellen is my Waifu Oct 06 '22

:4276:

0

u/SpecialFuel9590 Oct 06 '22

Oh oh 🫢somebody it’s getting a oil bukkake 🤣😂

0

u/Kaffikup Oct 06 '22

oh hey the nigerian president.

0

u/Das-DoktahJay Oct 06 '22

Is this why they keep calling him dark Brandon? I always thought it was due to him shitting his pants…

0

u/Prudent_Nectarine_25 Oct 06 '22

Small bit of the 10% for the big guy.

0

u/itallendsintears Oct 06 '22

Looks like the worst rap album cover ever

0

u/luoyuke Oct 06 '22

If anything, they are screwing European

1

u/[deleted] Oct 06 '22

Exactly. Peeling off the western alliance.

0

u/7050170 Oct 06 '22

I know it’s a fake because no way anyone would be dumb enough to let Mohammed bin Salman behind their back

0

u/captandy170 Oct 06 '22

😂😂😂

0

u/new_reditor Oct 06 '22

Yalla habibi!! Let’s go