Biden confirms U.S. eyeing ‘alternatives’ after OPEC+ cut
Joe Biden

Adebayo Obajemu

The United States president Joe Biden has expressed disappointment at the latest OPEC +cut supported by the Saudi Arabia, a development widely seen as a triumph for Russia.

In spite of the fact that Biden visited Saudi Arabia in July as part of shuttle diplomacy, despite the poor human rights record of the country, Saudi Arabia still sided with Russia against the United States.

Despite that move, Biden said he did not regret his summer trip to Saudi Arabia, which he said was focused on the Middle East.

OPEC+ agreed to steep oil production cuts on Wednesday, curbing supply in an already tight market and raising the possibility of higher gasoline prices right before the U.S. midterm elections in November, when Biden’s Democrats are defending their control of the House of Representatives and the Senate.

“We’re looking at what alternatives we may have,” Biden told reporters at the White House when asked about the OPEC decision.

“There’s a lot of alternatives. We haven’t made up our minds yet,” he said.

Biden this week called on his administration and Congress to explore ways to boost U.S. energy production and reduce the cartel’s control over energy prices. Some of his options include releasing more oil from the Strategic Petroleum Reserve or exploring a curb on energy exports by U.S. companies.

Biden went to Saudi Arabia in July but ended the trip without a deal for the OPEC+ group to help bring down gasoline prices, a key political problem for him at home.

Asked if he regretted his decision to go to Saudi Arabia, Biden said that trip was not essentially about oil.

“The trip was about the Middle East and about Israel and … rationalization of positions,” he said. “But it is a disappointment,” he added of the OPEC+ decision, and indicates problems.

The White House has sought to take credit for a decline in gasoline prices in recent months after Biden started a series of oil releases from the SPR. High inflation has been a political albatross to the president, and the dip in prices a key victory.

The OPEC+ decision could threaten that momentum and benefit oil-exporter Russia, which is suffering under U.S. -led sanctions.

“We believe it’s unnecessary and unwarranted at a period where, if you look at the global energy picture, oil picture, the lack of supply continues to be a significant challenge,” Biden’s economic adviser, Brian Deese, told reporters on Air Force One on Thursday.

“What the president has directed us, and it continues to be the case, is to take nothing off of the table,” Deese said when asked whether the U.S. could limit energy exports.

1 COMMENT

  1. YOU LISTENED TO A PROVEN INCOMPETENT MEDICRE AT YOUR OWN PERIL.

    This SLEEPY FLOPPY SLOPPY Joe Nothing has become the buff and a joke of the world. Everything he touched has turned sour despicable and repulsive after they RIGGED him in into the WHITE HOUSE by an INTERNATIONAL CONSPIRACY after the presidency of President Donald Trump.

    UNDER PRESIDENT TRUMP IN HIS FOUR YEARS TENURE IN CHARGE IN THE US. AMERICA BECAME ENERGY INDEPENDENT AND THE FIRST THNG THE TOUGHTLESS SPOILER Joe Nothing DID FIRST IN OFFICE AS AN ILLEGITIMATE PRESIDENT WAS TO REVERSE ALL THE GAINS OF THE US PUT IN PLACE BY HIS PREDECESSOR.

    As a matter of fact, Joe Biden signed an EXECUTIVE ORDER TO TRUNCATE THE ENERGY INDEPENDENCE OF THE US. The same IDIOTIC stolen presidency Joe had to go cup in hands begging oil producing countries for the same OIL he has in his own country in ABUNDANCE and being tossed around by the OPEC nations because they see a DUNCE in charge in the US, currently.

    CAN ANYONE POSSIBLY IMAGINE SOMEBODY SOME EMPTY CRANIUM GOING TO BEG HIS NEIGHBOUR OR ANY OTHER COMPETITOR FOR WHAT HE POSSESS IN HIS OWN ORBIT.?

    WHY ON EARTH WOULD YOU CLOSE UP YOUR WATER SOURCE OR WELL AND GO BEGGING FOR WATER FROM YOUR NEIGHBOUR? ONLY A DUMB ASS LIKE SLEEPY Joe WOULD.

    Now he wants to go in search of an alternative to what, to what you have in your BACKYARD. A God given natural resource. Every negative thing besetting America now is as a result of SELF-INFLICTED woes setbacks and bad leadership of an UNDERSEVING UNQAULIFIED UNWHOLESOME and UNWORTHY cranium with JUNK substance upstairs.

    SLEEPY Joe Biden NEEDS TO LEAVE BEFORE HE FURTHER PLUNGES THE US INTO A BIGGER MESS AND THAT SHOULD BE A MAJOR CONCERN TO ALL AMERICANS AND THE WORLD.

    The world misses the good exemplary RESULT oriented leadership of President Trump at this CROSSROAD the world invited and imposed upon itself.

    THIS IS A COMPLETE UNFORCED ERROR. THE WORLD IN PERIL AT THE MOMENT DUE TO WANT OF QAULITY LEADERSHIP.

    President Joe Nothing in charge in the US looking for alternative to OPEC is a joke of this century and perhaps the worst ever imagined. For an imagination it should remain.

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