www.foxnews.com
The US and Canada can try to push for 20m bpd of oil but like i said combined they are consuming more than producing, the deficit is huge in comparison to Opec + Russia. Your plan will only work if the US decides to consume less which won't happen. To spite Russia unlikely to use their strategic reserves as well.Well, if we were in early 2000, I will agree with you. But then look at how much oil OPEC produce now (well, last year figure)?
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List of countries by oil production 2023 - Country Cassette
List of countries by oil production 2023: United States 11,184,870 bbl, Russia 10,111,830 bbl, Saudi Arabia (OPEC) 9,313,145 bbl, Canada 4,459,455 bbl, Iraq (OPEC) 4,084,822 bbl, China 3,987,677 bbl, United Arab Emirates (OPEC) 3,091,481 bbl, Brazil 2,905,121 bbl, Iran 2,546,336 bbl, Kuwait...countrycassette.com
OPEC only account for probably 1/3 off the top 10 (give or take, do the math yourself), and the 3 main player are US, Russia and Saudi.
Russia is not going to lower the production, that mean money for them, and that's the whole point, Saudi can probably squeeze 1 million barrel but that's it, any less it will take a big hit on their revenue, and US can Canada alone can offset almost anything Saudi cut, bear in mind US and Canada can produce up to 20 million barrel a day at the maximum, if they want to. If the US and Canada expand to that level, you are talking about roughly 10 million barrels COMBINED for all OPEC country, that's not enough for them to even drill them.
So, no, if US and Canada were to increase their oil production, OPEC can't match, they cannot cut a lot, otherwise it will hurt their revenue.
And selling surplus does not work that way, it kept the price low, because you are dumping strategic reserve. If you cut oil production and then selling surplus, the 2 actions negate each other
It doesn't really matter how much they consume since that is on the demand side anyway, increasing production DOES NOT increase their demand......So once the production started flooding the market, the price is going to drop.
You do know that 5 bill spans over 3 years right?Congress has passed five bills appropriating $175 billion in response to Russia’s February 2022 invasion of Ukraine
Ukraine has received upward to 300 billion+ in economic and military aid from the EU countries and United States and still not able to push Russia out of Ukraine. Even the old junk f-16 was considered game changer and no longer talk about after one top Ukrainian pilot killed trying to shoot down a drone lol
How Much U.S. Aid Is Going to Ukraine?
Nine charts illustrate the extraordinary level of support the United States has provided Ukraine in its war against Russian invaders.www.cfr.org
How was Ukrainian counter offensive going In 2023? LolYou do know that 5 bill spans over 3 years right?
And how's your 3 days all or bust to Kyiv going? Second best military in the world is having trouble taking a 65,000 inhabitant, 40 square kilometer town LOL
3 weeks ago
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Now
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Ukraine only need to stay alive to win, Russia had to conquer the entire Ukraine. Otherwise whatever left in Ukraine will go to NATO.
But well, don't fret, at least Russia had broken some record
Congrats
Dude, Ukraine was probably ranked 50 or below in world power. Not 2.FFS
Wake me up when Ukraine takes back crimeaYou do know that 5 bill spans over 3 years right?
And how's your 3 days all or bust to Kyiv going? Second best military in the world is having trouble taking a 65,000 inhabitant, 40 square kilometer town LOL
3 weeks ago
View attachment 65000
Now
View attachment 65001
Ukraine only need to stay alive to win, Russia had to conquer the entire Ukraine. Otherwise whatever left in Ukraine will go to NATO.
But well, don't fret, at least Russia had broken some record
Congrats
Dude, Ukraine was probably ranked 50 or below in world power. Not 2.FFS
Also, How's Kursk? How dumb a country need to be to get "Counter Invaded" LOL
Yes right with all those weaponry I'm sure the UK and France would put up as much a good fight as russia.Ukraine still inherited a considerable amount of SAM and weapons from the Soviet Union. They are certainly not weak. Who's still control all those territory in Ukraine. 300 billion in aid and still can't gain ground in Ukraine while fighting against conscripts in kursk??? Lollol, and how much is Russia spend on Defence? I am guessing, not much......
Russia doesn't have to take over Odessa Russia already control 20 percent of Ukraine territory so who's winning?
