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Saturday, October 22nd, 2022

Saudis Sought Oil Production Cut So Deep It Surprised Even Russia

Author:     Ken Klippenstein
Source:     The Intercept.
Publication Date:     October 20 2022 | 11:53 a.m.
 Link: Saudis Sought Oil Production Cut So Deep It Surprised Even Russia
Stephan:   The November election has been heavily manipulated by the Saudis who seek to skew it to the Republicans by cutting back production so that gas prices go up. Where we live regular gas is $5.60 a gallon. In my opinion, the American / Saudi relationship needs to be massively restructured. We have supported the Saudis for years because the military-industrial complex makes billions a year in profit selling weapons to the Saudis. That needs to stop because the Saudis no longer hold up their end of that bargain by keeping gas prices low through high production.
Russian President Vladimir Putin meets with Saudi Arabia’s Crown Prince Mohammed bin Salman in Riyadh, Saudi Arabia.: Credit: Alexey Nikolsky / Sputnik / AFP / Getty

The Saudi led oil cartel OPEC+’s announcement earlier this month that it was cutting 2 million barrels of oil per day — a move that would drive up the price of oil just a month before midterm elections — rankled Democrats in Washington. They accused Riyadh of aligning itself with Russia, another powerful member of OPEC+, which would indeed profit off the move. “What Saudi Arabia did to help Putin continue to wage his despicable, vicious war against Ukraine will long be remembered by Americans,” said Senate Majority Leader Chuck Schumer.

But Saudi Arabia actually pushed to cut oil production twice as much as Russian President Vladimir Putin, surprising the Russians, two Saudi sources with knowledge of the negotiations told The Intercept, suggesting that Riyadh’s motives run deeper than what top Democrats want to admit. The sources requested anonymity, fearing reprisal by the Saudi government.

Public reporting has hinted at Saudi’s Arabia’s drive for […]

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