Not a fan of the Saudi regime in any sense, but there is little reason why they (or any other member of OPEC) should conduct their energy policy according to the whims of the White House or the US election cycle. Given that their oil reserves are depleting and given the likely onset of a global recession, it makes sense for the oil producing nations to manage their principle asset carefully, with a view toward maximising its (finite) value.
The countries who really deserve opprobrium here are the US and Canada, both of whom have ample means of covering the Russian shortfalls, but which refuse to produce more oil and gas, despite pleas from their European allies (who are bearing the brunt of the cost). With friends like these...
The Saudis categorically said there was no way they would increase oil production and to this, one article quoted the US president as saying, there could be consequences.
The US Administration, believe that this move by the Saudis is simply to increase Russian gas and oil revenues. The sanctions was put in place to block that.
Putin however told the EU that if they wanted to, that the Nord Stream pipeline, the part not damaged could still transport gas. But it was up to the EU to decide if they want it.
France is going through some tough moments as refinery workers are on strike demanding
a 10% increase in wages due to the high cost of energy.
One of the reasons for the demanding this increase is the fact that energy companies have made increased, perhaps excessive profits from the ongoing energy crisis and yet wages are still the same.
How all of this will all play out for Europe in the coming months is left to be seen. But what we are seeing right is perhaps all a comedy of errors?
We in the U.S. have become non-credible due to the Biden Administration. It is shameful and an embarrassment. I have no doubt, though no tangible proof, that Biden asked-more begged-the Saudis for more oil production. And though the Saudis are certainly not at the top of always "truth telling" but I will say that they can smell or sense weakness in Biden and the administration. The then absurdity of Biden then threatening the Saudis for their lack of increase of oil to the U.S. is simply unacceptable; then the accusation of Russian collusion...well it stinks, and in my lifetime I have never been more ashamed of our President and administration's actions. I do Biden would have asked to continue the oil production until after the elections/
Yes, weakness is a smelly substance and desperation even more so. And there are no friends in geopolitics, only common interests that may at some point stop being common.
Not a fan of the Saudi regime in any sense, but there is little reason why they (or any other member of OPEC) should conduct their energy policy according to the whims of the White House or the US election cycle. Given that their oil reserves are depleting and given the likely onset of a global recession, it makes sense for the oil producing nations to manage their principle asset carefully, with a view toward maximising its (finite) value.
The countries who really deserve opprobrium here are the US and Canada, both of whom have ample means of covering the Russian shortfalls, but which refuse to produce more oil and gas, despite pleas from their European allies (who are bearing the brunt of the cost). With friends like these...
My thoughts exactly.
Why would you want to listen to a guy (Biden) who is on record as saying he wants to destroy the US gas & oil industry?
And he is the more reasonable one, Trudeau is doing his best to destroy Canada's Oil, Gas and Nuclear industries.
The Saudis categorically said there was no way they would increase oil production and to this, one article quoted the US president as saying, there could be consequences.
The US Administration, believe that this move by the Saudis is simply to increase Russian gas and oil revenues. The sanctions was put in place to block that.
Putin however told the EU that if they wanted to, that the Nord Stream pipeline, the part not damaged could still transport gas. But it was up to the EU to decide if they want it.
France is going through some tough moments as refinery workers are on strike demanding
a 10% increase in wages due to the high cost of energy.
One of the reasons for the demanding this increase is the fact that energy companies have made increased, perhaps excessive profits from the ongoing energy crisis and yet wages are still the same.
How all of this will all play out for Europe in the coming months is left to be seen. But what we are seeing right is perhaps all a comedy of errors?
Yes...we taught the actors how to act and now they are using us like Hollywood uses their talent.
Energy and politics has become a tale told by an idiot signifying a vast ignorance.
I imagine there will be many more episodes.
We in the U.S. have become non-credible due to the Biden Administration. It is shameful and an embarrassment. I have no doubt, though no tangible proof, that Biden asked-more begged-the Saudis for more oil production. And though the Saudis are certainly not at the top of always "truth telling" but I will say that they can smell or sense weakness in Biden and the administration. The then absurdity of Biden then threatening the Saudis for their lack of increase of oil to the U.S. is simply unacceptable; then the accusation of Russian collusion...well it stinks, and in my lifetime I have never been more ashamed of our President and administration's actions. I do Biden would have asked to continue the oil production until after the elections/
Yes, weakness is a smelly substance and desperation even more so. And there are no friends in geopolitics, only common interests that may at some point stop being common.