Saudi and Middle Eastern leaders reject Biden’s call to help lower world oil prices

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The Crown Prince of Saudi Arabia and Emperor Emerates of the United Arab Emirates both rejected President Biden’s offer to help the United States lower world oil and gas prices.

“The White House has unsuccessfully attempted to mediate calls between President Biden and the de facto leaders of Saudi Arabia and the United Arab Emirates as the United States is working to build support. international support for Ukraine and prevent a rise in oil prices,” Middle East and US officials said, like report on the Wall Street Journal.

Saudi Crown Prince Mohammed bin Salman and Sheikh Mohammed bin Zayed al Nahyan of the UAE both declined US requests to speak to Mr Biden in recent weeks, officials said, because of Saudi officials. Saudi Arabia and the Emirate have become more vocal in recent weeks in their criticisms of US Policy in the Gulf,” the WSJ noted.

“There was some expectation of a phone call, but it didn’t happen,” one US official said of Biden’s expected call to Saudi Arabia. “It’s part of turning on spigot [of Saudi oil]. ”

Biden spoke with Crown Prince Mohammed’s 86-year-old father, King Salman on February 9, the report said. The UAE said a call between Biden and Sheikh Mohammed would be ‘rescheduled.’

“The Saudis have signaled that their relationship with Washington has deteriorated under the Biden administration, and they want more support for their intervention in the civil war in Yemen, helping the program their own civilian nuclear program as Iran moves forward and legal immunity for Crown Prince Mohammed in the US case,” the WSJ reported, citing Saudi officials.

Although Biden boasted before the 2020 election that he would restore dignity and respect to the White House, that has not led to an improvement in foreign relations with countries like Russia, China or Middle Eastern countries.

In November 2018, relations between Russia and Saudi Arabia seemed to be just going on naturally. Vladimir Putin laughed and high-clapped Saudi Crown Prince Mohammed bin Salman at the G-20 summit in Argentina. Watch:

President Joe Biden announced on Tuesday that the United States is banning imports of all Russian energy, including oil and gas. Watch:

“I am announcing today that the United States is targeting the main artery of the Russian economy,” Biden said. “We are banning all imports of Russian oil, gas and energy. That means Russian oil is no longer acceptable in American ports, and the American people will deal another blow to Putin’s war machine.”

“This is a move that has strong bipartisan support in Congress and, I believe, domestically,” Biden added. “The Americans have rallied in support of the Ukrainian people and made it clear that we will not participate in subsidizing Putin’s war.”

“We made this decision in close consultation with our allies and partners around the world, especially in Europe, because of a unified response to Putin’s aggression. is my primary focus, to keep all of NATO and all of the EU and our allies completely united,” declared Biden.

“We are moving forward with this ban understanding that many of our European allies and partners may not be eligible to join us,” Biden continued. “The United States produces more oil domestically than all the European countries combined. We are, in fact, a net exporter of energy, so we can take this step.”

The problem is that the Biden administration, though denied, is restricting US oil and gas production by tightening leases, and has closed the Keystone XL pipeline to facilitate shipping. shipping gas from Canada.

“Let me be clear on two other points,” Biden said. “First, it is not right that my administration or policies are restraining domestic energy production. That is simply not true. Even amid the pandemic, companies in the United States pumped more oil in my first year in office than they did in my predecessor’s first year. We are approaching record oil and gas production in the United States, and we are on track to set a record for world production next year.”

This is not the truth. As previously reported, the United States is on track to become a net oil importer by 2022, after becoming a net exporter under the Trump administration in September 2019 for the first time since 1973.

The US Energy Information Administration (EIA) said: “Higher net imports of crude oil will position the United States as a net petroleum importer this year, as it will be in 2021, following a historic turn become a net oil exporter by 2020, the U.S. Energy Information Administration (EIA) said. report according to the price of oil.

Senator Mike Lee (R-UT) argued on Fox News that the US should increase domestic oil and gas production instead of turning to ‘enemies’ to make up for the shortfall in energy.

“Look, these are rational agents,” said Senator Lee. “They don’t exploit that stuff because it’s not profitable or unprofitable and he can say all he wants, you know, that there are oil leases that are still producing but not producing enough. export.”

“In fact, on day one, he canceled all oil and gas leases on federal lands,” Lee said. “He took the Keystone XL pipeline off the table. He banned oil and gas development in places like ANWR.”

“These are things that we need to develop and have a regulatory environment against fossil fuels,” added Lee. “We want to keep inflation under control. President Biden wants to control the Americans. He had something very wrong there. “

“We need to open up opportunities and that means producing more energy at home,” he added.. “We can produce energy here, oil and gas is less expensive and in a more environmentally responsible way than they can do in most parts of the world . But instead of doing these things, he will go to our enemies, take off his hat, ask them to produce more oil, which is a mistake. ”

Russia’s oil and gas ban will only push oil prices higher as domestic production rises sharply. U.S. gas prices could hit $10 to $13 a gallon by Thanksgiving, according to oil industry insiders.

https://smartzune.com/saudis-and-middle-east-leaders-reject-bidens-calls-for-help-lowering-world-oil-prices/ Saudi and Middle Eastern leaders reject Biden’s call to help lower world oil prices

Jake Nichol

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