- Today, the OPEC+ cartel announced it’s going to cut production by 2 million barrels a day.
- This, even after the Biden administration engaged in a “full-scale pressure campaign,” according to CNN, to dissuade our alleged allies in the Middle East to change their minds.
- As a presidential candidate, Biden called Saudi Arabia a “pariah” state.
"Biden wagered that he could placate his left wing, curbing fossil fuel production while also holding prices in check by pressuring the Saudis and emptying the U.S. strategic reserve, now at a 40-year low.
It was a bad bet...
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