President Biden Asks the Saudis to Bail Him Out, by Benjamin Zycher

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 Asks the Saudis to Bail Him Out

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?

MR. KIRBY:  The President is going to Saudi for the GCC — the GCC+3, to be honest.  It’s nine states in the region.  There’s a big agenda there, Kaitlan, on the Gulf Cooperation Council.  It’s counterterrorism.  It’s climate change.  Certainly, it’s — oil production, obviously, is going to be on the agenda.

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.

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