Last week, we were wondering : What could be more pathetic than the sight of President Joe Biden begging OPEC to increase oil production, just to make up for the U.S. and Canadian oil production that he had gone out of his way to impede from the moment he took office ?
Believe it or not, that was not a hypothetical question. There is, in fact, something even more pathetic than Biden’s desperate request for a foreign oil cartel to spare him motorists’ anger and a political backlash.
That would be the oil producers’ response to Biden, which roughly translates to “drop dead.”
At the very moment Biden’s administration was being convulsed by its humiliating strategic failure in Afghanistan, the international oil cartel and the adjacent producers known as “OPEC-plus” added insult to injury with their defiant answer. As Reuters reported it, the major oil producers (including Russia) let word slip that they “believe oil markets do not need more oil than they already plan to release in the coming months.”