Saudi Arabia’s latest cut in oil production sent the price up, which will add to inflation pressures in the U.S. and world wide.
I an’t help but wonder if this would be happening if Biden hadn’t offended MBS, the defacto Saudi Ruler, which damaged our relationship with the oil producer and Mideast power.
Published 4/3/23. Read full article.
Note, a follow up article says this is because the U.S. announced it would not refill its strategic oil reserves.