The White House is up in arms to try and prevent a potentially major production cut in OPEC+ just a month before midterm elections when the current administration least needs higher prices at the pump. According to a CNN report , all available human resources in the administration have been mobilized, with the White House “having a spasm and panicking,” per one unnamed official. According to the latest reports on OPEC+, the extended cartel is considering a production cut as deep as 2 million barrels daily. This would be the biggest cut in production since the first pandemic year when lockdowns destroyed demand. “It is hard to overstate how anxious the Biden administration is about a potential resurgence in oil prices,” Bob McNally, of Rapidan Energy, told Bloomberg ahead of the OPEC+ meeting, which is taking place later today in Vienna. “A large OPEC+ cut would antagonize the White […]