Another day, another example of the fossil industry sticking it to it's customers.
Another great reason to get off the dirty stuff.
As reported in the Age.Saudi Arabia’s decision to align itself with Russia and supersize OPEC Plus’ oil production cuts will have significant geopolitical and economic consequences.
The announcement of the two million barrels a day reduction in OPEC+ output infuriated the White House, delighted the Russians and raised fears that a new surge in oil prices could lead to higher-for-longer interest rate rises and an increased risk of global recession.
https://www.theage.com.au/business/markets/oil-shock-raises-the-risk-of-a-global-recession-20221006-p5bnkk.html
