Biden administration admits it asked the Saudis to delay a production cut but denies it did so for political reasons.
Instead of begging the Saudis to maintain or increase high levels of oil production, the Biden administration could have simply allowed for expanded domestic production.
It didn’t because it’s controlled by pro-scarcity environmentalists. Biden has thus delivered the worst of all worlds: a coming shortage of oil, the de-industrialization of Europe, and a stronger alliance between the Saudis and Russia.
Civilization depends on cheap energy, and we are right to expect that our political leaders put the provision of it above electoral politics.
via Watts Up With That?
October 14, 2022