I saw somewhere that Japan is going to purchase Russian Oil.Chilled By Biden, Saudi Arabia Leads OPEC To Cut Oil Production. Gas Prices Could Soar.
The move on Sunday follows OPEC’s decision last October to reduce production by two million barrels a day. “There’s going to be some consequences for what they’ve done with Russia,” Biden threatened in October. “I’m not going to get into what I’d consider and what I have in mind. But there will be — there will be consequences.”
“President Biden said he would make the kingdom of Saudi Arabia a pariah state. That was an enormous mistake,” former Secretary of State Mike Pompeo said. “But let’s look at the facts. They are an important security partner for the United States. There’s only one country in that whole region that wants to threaten the United States of America and Israel and wipe us from the face of the earth. That’s the leadership in Iran and the kingdom of Saudi Arabia’s been an important partner in helping protect us from that threat.”
Unlike the warm relations between the U.S. and Saudi Arabia during the Trump administration, Biden’s actions, including calling Saudi Arabia a “pariah” in 2019 when he was running for president, have alienated the Saudis to the point that they have tried effecting a rapprochement with Iran, their greatest enemy, brokered by China. Saudi Arabia cut ties with Iran in 2016.
Could the dam be beginning to break?