- Feb 24, 2021
- 20,597
- 10,160
Sounds like Dotard is the one that wanted production cuts.No. Biden immediately slashed production.Don't you think it's more likely gasoline prices have risen (not by 80%) due to the anticipation of greater economic activity once the economy more fully re-opens?
In an April 2 phone call, Trump told Saudi Crown Prince Mohammed bin Salman that unless the Organization of the Petroleum Exporting Countries (OPEC) started cutting oil production, he would be powerless to stop lawmakers from passing legislation to withdraw U.S. troops from the kingdom, four sources familiar with the matter told Reuters.
A senior U.S. official told Reuters that the administration notified Saudi leaders that, without production cuts, “there would be no way to stop the U.S. Congress from imposing restrictions that could lead to a withdrawal of U.S. forces.” The official summed up the argument, made through various diplomatic channels, as telling Saudi leaders: “We are defending your industry while you’re destroying ours.”
www.reuters.com/article/us-global-oil-trump...