Biden panicking over OPEC production cut
President Biden has spent much of the past few years turning Saudi Arabia into an adversary. During the campaign he promised to turn the Middle Eastern country into a pariah state in retaliation for t...
hotair.com
5 Oct 2022 ~~ By David Strom
President Biden has spent much of the past few years turning Saudi Arabia into an adversary. During the campaign he promised to turn the Middle Eastern country into a
pariah state in retaliation for the murder of Jamal Khashoggi, and as president he continued to pummel Crown Prince Mohammed bin Salman (MBS) as a tyrant.
~Snip~
The world is facing an energy crisis that will likely surpass the 1970s crises, and that crisis was entirely the making of the Europeans and President Biden.
Europe chose to rely upon Russia for its natural gas while cavalierly eliminating other sources such as coal and nuclear, and President Biden has worked hard to undermine US energy production while attacking the most powerful entities in OPEC.
You may have noticed that Russia is a member of OPEC+, and thus works closely with Saudi Arabia?
~Snip~
So is Biden worried about the possibility of a depression? Or is he worried about the political consequences? Call me cynical, but I suspect it is the latter. The timing of an OPEC production cut certainly hurts him politically. First, because of the midterms, and secondly because the resulting economic damage will extend into 2024.
~Snip~
The real point I would like to make is that this is yet another example of just how destructive the Biden Administration has been. If there is a rational policy they choose the opposite. It really is uncanny how every choice they make is destructive to average Americans and to the stability of the world. They are the George Costanza of policy makers. They should just do the opposite of anything they believe should be done.
It’s hard to imagine a less competent administration.
Commentary:
Joey has been shamed once again on the world stage by our former allies.
We're running out of SPR, gas is already inching back up again and that old fool thinks OPEC is going to save his mid-terms.
With the SPR nearly empty and Joey's bleats about filling it back up again are going to be nothing but competition with the public which will RAISE prices even more.
“It really is uncanny how every choice they make is destructive to average Americans and to the stability of the world.
We haven’t even gotten to winter yet, Joey will have to find oil (SPR) or money to heat homes up in his main voter base country. Both are close to the bottom of the barrel.