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Biden’s management is contemplating urging U. S. corporations not to expand their plans with Saudi Arabia in retaliation for Saudi-led pressure through major oil manufacturers to cut production, NBC News reported Tuesday, citing 3 current and former U. S. officials familiar with the matter. The United States will also not send an official representative to Saudi Arabia’s annual convention on the Future Investment Initiative next week, the move was taken before the Saudi-led Organization of the Petroleum Exporting Countries (OPEC) and other major manufacturers led by Russia agreed on Oct. 5. Reduce production by two million barrels a day to lower the price.
President Biden warned that Saudi Arabia will face “consequences” for siding with Russia, after Moscow’s invasion of Ukraine contributed to a surge in fuel costs in the spring that helped reduce global inflation. Biden reportedly planned to release another 10 to 15 million barrels of oil from the U. S. Strategic Reserve. Oil costs threaten to rise following production cuts through the so-called OPEC alliance. Is it time for the United States to withdraw from its unofficial alliance with Saudi Arabia?
President Biden campaigned on a promise to “turn Saudi Arabia into a ‘pariah’ for its human rights abuses and its seven-year war with Yemen,” says Mohammad Bazzi in The Guardian. Biden then “shared a coup” with Saudi Crown Prince Mohammed Bin. Salman, who reportedly approved the killing of Washington Post columnist Jamal Khashoggi, when the coronavirus pandemic and Russia’s invasion of Ukraine forced Biden to put aside his considerations “in favor of realpolitik. “generating “nothing more than a 2% cut in global oil supply,” as inflation is already strangling American families less than a month before the midterm elections that will determine whether Congress is Democratic or Republican.
Prince Mohammed might think he “mocked Biden and demonstrated his influence in the global oil market,” but he may soon regret his “power play. “Even the “realistic” “assumptions” of “foreign policy” that have defended the U. S. have been “realistic” in the U. S. The Saudi association is beginning to wonder what Washington gets “in exchange for its decades of unwavering for the House of Saud. “A reliable source of oil is the main target of the relationship, which the Saudis have used to offload military education and complex weapons. “If Biden doesn’t respond forcefully, it may also simply inspire the crown prince to take more risks. “It’s time to recognize that “the supposedly realistic technique for Saudi Arabia has failed, and break the oil for security deal. “
So far, it’s hard to know whether Biden is serious when he says there will be “consequences” for cutting production, says Jim Geraghty of National Review in the Washington Post. “Although Biden says he needs to punish the Saudis, the Pentagon is moving forward with plans to build a primary verification facility in Saudi Arabia,” the Red Sands Integrated Experimentation Center said. Red Sands, which is reportedly verifying new missile defense systems and technologies to combat the developing risk of unmanned drones, “remains intact. “, as well as the billions in annual U. S. arms sales. UU. al MBS regime.
“Canceling Red Sands’ assignment, or at least freezing it for now, is a no-brainer. “Russia and the West realize that they have supported the horse and the course of adjustments. “But as long as the crown prince “pokes his nose at Biden so blatantly,” it’s fair to wonder if it’s worth feeling “so committed, financially and financially. “Geopolitically, to help make the Saudi kingdom safer. “
Abandoning ties with Saudi Arabia “mainly means hurting the US economy and driving our former allies in the Middle East into the arms of Russia and China,” the Wall Street Journal said in an editorial. One concept circulating, for example, is a bill that would allow the Justice Department to file antitrust lawsuits against OPEC’s state-owned oil companies. it would prevent arms sales to the Saudis for a year, but that would only make them “more vulnerable to Iran. “
Fortunately, there is a bigger solution. The White House is running to “discourage oil production in the United States at the call of climate change,” while imploring dictators ruling Iran and Venezuela to sell more oil and have more cash to stoke anti-American unrest. Time ally, Saudi Arabia, for saying it would pump less. “Wouldn’t it be easier, and better for American interests, to strip U. S. oil production?”
“Let’s take a deep breath,” the Washington Post said in an editorial. Saudi Arabia and Russia are the time and the world’s third-largest manufacturer of crude oil, so “they have short-term influence. “long-term interests “leveraging our fossil fuel and green energy domestic materials, as will be guaranteed by the climate provisions of the Inflation Reduction Act. “
Lawmakers can also “facilitate the structure of transmission lines and other critical energy infrastructure,” while doing more to inspire energy conservation with higher fuel taxes and other measures. Yes, fuel taxes increase costs at the pump, but at least the additional money is investment. roads here go to Moscow and Riyadh. ” In the end, the 1973 oil embargo failed because it surprised the United States and other industrialized countries to use power much more efficiently. A wise reaction can also turn OPEC’s production cuts into the ultimate credit for the United States. “
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