A bump and a miss: Saudi oil cut slaps down Biden's outreach

[dalton99a]

https://apnews.com/article/russia-ukraine-2022-midterm-elections-biden-inflation-business-fa45f3023af51b1b7201f0c06d86f72d

A bump and a miss: Saudi oil cut slaps down Biden’s outreach
By ELLEN KNICKMEYER and KEVIN FREKING

WASHINGTON (AP) — President Joe Biden on Thursday effectively acknowledged the failure of one of his biggest and most humiliating foreign policy gambles: a fist-bump with the de-facto leader of Saudi Arabia, the crown prince associated with human rights abuses.

Biden’s awkward encounter with Mohammed bin Salman in July was a humbling attempt to mend relations with the world’s most influential oil power at a time when the US. was seeking its help in opposing Russia’s invasion of Ukraine and the resulting surge in oil prices.

That fist bump three months ago was followed by a face slap this week from Prince Mohammed: a big oil production cut by OPEC producers and Russia that threatens to sustain oil-producer Russia in its war in Ukraine, drive inflation higher, and push gas prices back toward voter-angering levels just before U.S. midterms, undercutting the election prospects of Biden and Democrats.

Asked about Saudi Arabia’s action, Biden told reporters on Thursday it was “a disappointment, and it says that there are problems” in the U.S.-Saudi relationship.


In this image released by the Saudi Royal Palace, Saudi Crown Prince Mohammed bin Salman, right, greets President Joe Biden with a fist bump after his arrival at Al-Salam palace in Jeddah, Saudi Arabia, July 15, 2022. (Bandar Aljaloud/Saudi Royal Palace via AP, File)

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Bonesaw, the murderous backstabbing savage

[applegrove]

1. Buy Venezuela Oil big time.

[dalton99a]

3. And withdraw all U.S. troops from Saudi Arabia and the United Arab Emirates.

[applegrove]

4. I notice the US killed two ISIS leaders today. Maybe it was supposed to be 3?

[womanofthehills]

10. Venezuela will take a while to get it's oil industry back to where it was

Because of sanctions, they could not get parts. The oil situation there is very complex.


https://venezuelanalysis.com/news/15601

[applegrove]

11. Damn.

[Brainfodder]

2. Release large amount of our reserves.

[former9thward]

6. We already have.

Not too much left.

U.S. emergency oil reserves tumble to lowest since 1984

HOUSTON, Sept 12 (Reuters) - U.S. emergency crude oil stocks fell 8.4 million barrels last week to 434.1 million barrels, their lowest since October 1984, according to U.S. Department of Energy (DOE) data released on Monday.

The release from the Strategic Petroleum Reserve (SPR) in the week ended Sept. 9 was the steepest draw since May. It comprised of about 6.3 million barrels of sweet crude and around 2 million barrels of sour crude.

https://www.reuters.com/markets/us/crude-us-emergency-reserve-falls-lowest-since-oct-1984-2022-09-12/

[Joinfortmill]

5. Salman bin Bone Saw

[Tickle]

7. why is this considered an embarrassment ?

He tried, Saudi's suck let's move forward.

[crickets]

8. +1

[gulliver]

9. I'd bet the response from Biden and the Dems will be a doozy

To me, it shows that the Saudis and Putin are two peas in a pod. Three if you count Tucker Carlson.