The White House is worried about “the need for reliable and stable global energy markets,” What the Biden administration actually is concerned about are gasoline prices, and so it is calling on OPEC, Russia and other oil exporters, collectively known as OPEC+, to increase production.
In the meantime, the White House is seeking the cooperation of OPEC, meaning, Saudi Arabia’s de facto leader, Crown Prince Mohammed bin Salman, who it otherwise is trying to hold at arm’s length. It also means seeking cooperation from OPEC+ essentially, Russian President Vladimir Putin, who no doubt will relish “the ask” being requested of him.
The Biden's promise of not taxing the poor and the middle class just went out of the door the minute he cancelled the oil search /production and contracts for federal lands. Every Car owner, house owner, renter, truckers, busses, and prices of goods are shifted to the consumers including the very poor. Promises promises. Just a thought.
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