High Prices, War in Ukraine, a Cold Winter Ahead—and Now OPEC+ Piles On

Many political pundits have spent the past couple weeks hedging their predictions for the midterms, while more recently pondering whether there will be a “Hurricane Ian effect” to also impact voter turnout. Then, “wham!” Just when the White House didn’t want it, OPEC+ piles on with reports that the oil cartel will cut 1 million barrels per day from its production. The New York Times has the factual headline but rather misses the point. That was caught by an early banner headline of the Financial Times—“Oil nations’ plans to slash output threaten to deepen energy crisis”—with a pithy sub-head right on the button: “Rift with US looms”...

Read the full article on the Hill website.