Biden Made Secret Offer to Buy Tons of OPEC+ Oil at $80 a Barrel in Exchange for Not Cutting Production - Got RebuffedChris Menahan
Oct. 05, 2022
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The Biden regime tried to make a secret deal with OPEC+ to buy 200 million barrels of oil at $80 a barrel in exchange for not cutting production but got humiliatingly rebuffed, CNN reports.
From Michael Shellenberger, "Biden’s Secret Promise To OPEC Backfires":
In early September, United States Secretary of Energy, Jennifer Granholm, told Reuters that President Joe Biden was considering extending the release of oil from America’s emergency stockpiles, the Strategic Petroleum Reserve (SPR), through October, and thus beyond the date when the program had been set to end. But then, a few hours later, an official with the Department of Energy called Reuters and contradicted Granholm, saying that the White House was not, in fact, considering more SPR releases. Five days later, the White House said it was considering refilling the SPR, thereby proposing to do the exact opposite of what Granholm had proposed.CNN has more:
For the past several days, Biden’s senior-most energy, economic and foreign policy officials were enlisted to lobby their foreign counterparts in Middle Eastern allied countries including Kuwait, Saudi Arabia, and the United Arab Emirates to vote against cutting oil production. Wednesday’s production cut amounts to the largest cut since the beginning of the pandemic and could lead to a dramatic spike in oil prices.Truly hilarious.
The UAE hosted Syrian president Bashar al-Assad in defiance of the US back in March.
Saudi Crown Prince Mohammed bin Salman reportedly "shouted" at Biden's national security advisor, Jake Sullivan, last year for trying to lecture him over the killing of Jamal Khashoggi.
We're being told endlessly how Russia is finished and their war effort is failing but the Saudis and OPEC+ chose to side with Russia and defy the US on this "historic" production cut.
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