Biden Begs For Oil As Prices Soar
Biden put us in the situation.
Ministers of Arab oil-producing countries recently held a conference in Saudi Arabia and surprisingly rejected President Biden and other consumers ask to force OPEC+ to increase oil production.
They rejected producing more oil even as gas prices soar for Americans and the threat of a potential war by Russia and Ukraine looms on the horizon.
As you already know, President Biden decided to kill the Keystone XL pipeline in America. This forces America to remain heavily depended on OPEC+ and other for oil but sadly they won’t budge.
According to Fox, Saudi energy minister Prince Abdulaziz bin Salman claimed that the pandemic and a number of other things have “taught us the value of caution,” rejecting Biden’s request to produce more oil.
He then said, “Caution, a word that I know some people hate me for, but… I will continue being cautious, and (mindful of) the need to retain flexibility in our strategy and adopt a long-term perspective.”
American’s can expect gas prices to rise even further now especially if war does break out in Ukraine.
