OPEC+ SLASHES production

Gas prices heading up again ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ Inflation just got a big boost. In a direct insult to the United States, OPEC+, led by Saudi Arabia and Russia, is slashing production. That's not terribly unexpected, but it wasn't just a cut of one million barrels per day... but two million barrels per day. "Clearly, OPEC+ has sided with Russia after today's announcement," said the White House. The Biden Administration pressed Saudi Arabia hard for more oil production, not just to weaken Russia, but to reduce energy costs in the United States and Europe. It doesn't look like that is happening. Oil was above $93 a barrel in Brent Crude as of this writing. Supposedly, OPEC+ is taking this step because of the "uncertainty that surrounds the global economic and oil market outlooks." Saudi Energy Minister Abdulaziz bin Salman says that OPEC+ wants to be a "stabilizing force," but volatility looks far more likely. Gas prices may also start increasing again... they're up five cents over the past week. It's going to be especially grim for Europe, which is now heavily reliant on LNG from the United States. Costs may even double for Europe. Energy costs connect to everything else. Increasing energy costs could drive inflation here in the United States... which could cause the Fed to be more aggressive with interest rates... which could drag down the already struggling world economy. Still, this is the kind of signal that can easily be incorporated into your technical tool kit. Operate off the charts, not what the media is saying. Keep Moving, Any strategy that makes you money consistently is worthwhile. Though many new traders believe that trading is primarily about indicators and tools, Chris maintains that it is at least 95% about emotional control. This is especially relevant in this bearish, choppy market which has made the trading world extremely difficult. Learn some pro tips to come back from your losses and stay in the game. [CLICK HERE TO WATCH]( WORD ON THE STREET OPEC+ Cuts Us Off, US Blinks On Venezuela, Ford Raises Prices - Can't Afford It? Ford Says Tough - The eagerly anticipated EV version of the F-150, the 2023 F-150 Lightning Pro, is getting another price raise. The Pro will now cost $51,974. Ford blamed supply issues for the problem. - A Slap In The Face - OPEC+ gave Russia and President Vladimir Putin a victory by cutting production by two million barrels a day. "It's clear OPEC+ is aligning with Russia with today's announcement," said White House Press Secretary Karine Jean-Pierre. Markets were expecting a cut but not one this drastic - US Eases Sanctions To Get More Oil - The problem with sanctioning everyone is that eventually you can't trade with people you need. Now that the US and its allies are trying to strangle Russia economically, America is turning to Venezuela. The Biden Administration is reportedly seeking talks with Venezuela's authoritarian government so Chevron can once again export oil to the United States and Europe. - Gone With The Wind - So much for clean energy. It's all about oil now, and workers for GE's wind power division are paying the cost. The company is expected to cut about 20% of the onshore wind unit's workforce in the USA. Reuters reports that GE said it is "streamlining" its business and faces "difficult decisions," but didn't explicitly confirm job cuts. “3-Pillar” strategy spots a 108% surge in just 4 days... RapidFire is on fire — with new trades are on the verge of exploding soon! [Click here to learn more](. HOT SPOTS: What's Going on in Geopolitics - USA Thinks Ukraine Killed Daria Dugina - The daughter of Aleksandr Dugin, Daria Dugina was killed by a car bomb on August 20. The United States now believes that Ukraine was responsible for the attack, and that Aleksandr Dugin was the real target. The United States reportedly chastised Ukraine for the attack. Dugin himself is one of the Putin regime's most influential supporters.  - Putin Says Situation Will Stabilize – President Vladimir Putin, his forces reeling from Ukrainian attacks across multiple fronts, tried to covey calm in a recent television appearance. "We proceed from the fact that the situation will be stabilized, we will be able to calmly develop these territories," he said. In contrast, Ukrainian president Volodymyr Zelenskyy touted his own forces' "fast and powerful" advance. - North Korea Launches Two More Missiles - After a South Korean launch failed earlier this week, North Korea responded by launching two more missiles. It's the sixth such "test" in two weeks and is leading to fears the Communist dictatorship may be planning a move. CUTTING EDGE: What[']( Happening In Tech - Meta Making Layoffs - According to Insider, Mark Zuckerberg reportedly told managers at Facebook to find 15% of their employees who "need support." That's a bad sign, as it is widely understood at the company as a euphemism for possible layoffs. Zuckerberg has repeatedly lectured his staff that everyone needs to work harder in the face of global economic turmoil. - Two Big Launches For SpaceX – Elon Musk is staying busy. NASA and SpaceX had a succcessful launch, with four crew members heading to the International Space Station. SpaceX also successfully deployed 52 new Starlink satellites, with Musk hailing the achievement on Twitter. (Which he may own soon.) - Overwatch 2 Being Hammered By Hackers - Overwatch is the Goldeneye for Generation Z, a multiplayer shooter that's hooked players. However, hackers are threatening to bring play on the newly released sequel to a halt. "Unfortunately, we are experiencing a mass DDoS attack on our servers," said Blizzard Entertainment President Mike Ybarra. Life imitates art FOR YOUR CONSIDERATION “America has just been embarrassed. While China is languishing because of its poor economy, China still has not openly broken with Russia. India is still trading with Russia. And now, Saudi Arabia is essentially declaring its independence from American foreign policy.” looked like President Joe Biden was on a hot streak, with Russia embarrassed and jobs growing. However, the move by OPEC+ to cut production threatens to derail the economic recovery. Mr. X provides your strategic briefing of the world situation.  [THE OPEC+ DISASTER]( Enjoying Dawn Report? Learn something, made some money? SHARE YOUR STORY WITH US OR TELL US HOW TO SERVE YOU BETTER. 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