Even if you can’t stand Biden, it hurts to see a U.S. president kowtow to the Saudi regime to help alleviate the consequences of his own idiocy. From Benjamin Zycher at realclearenergy.org:
President Biden will attend the Gulf Cooperation Council meeting in Saudi Arabia next month, with the explicit goal of convincing the GCC — that is, the Saudis — to increase production of crude oil as a tool with which reduce gasoline prices in the U.S. From a recent press conference:
Q: And my question on Saudi Arabia: Why not have the President go there and just not meet with the Crown Prince?
OPEC production of crude oil and other liquids is about 34-35 million barrels per day (mmbd), of which Saudi output is about 10 mmbd, out of global production of around 100 mmbd. OPEC surplus production capacity is about 3 mmbd, of which the Saudi share is about 1 mmbd.