Revealing the Dimensions of Saudi’s Heavy Oil Blow to America
Biden’s Middle East trip and his visit to Saudi Arabia return to the news in America every time the oil price rises even by 10 cents, and the media mention it, especially after Bin Salman’s alliance with Putin and the destructive changes imposed on the oil market. Many experts portray Biden’s trip to Saudi Arabia as one of the most failed political programs of his presidency.
Now, The New York Times has published a report that reveals the hidden aspects of this trip. While the White House has been trying to present that trip as much more than an effort to influence and reduce oil prices, and Biden has repeatedly stated the same, it has now become clear that two main figures in Biden’s foreign policy in the Middle East convinced him to travel to Saudi Arabia. Before the trip, in the spring of 2022, they received promises from the Saudis to increase production. Until the eve of Biden’s trip, Saudi Arabia fulfilled a significant part of its commitments to these two prominent politicians.
It was in late September that whispers of a joint Saudi-Russian program were heard, while those two powerful figures in American foreign policy, under oath in Congress, had presented in detail the special program they had implemented and the commitments they had secured from the Saudis to increase oil production to the representatives.
This heavy blow by Saudi Arabia to the oil market and American interests is the beginning of a new trend. Everyone is waiting for the end of 2022 and the implementation of the program to almost completely stop buying international oil from the Russians. The start of that program means laying the groundwork for a significant price increase in the energy market, and that’s where Saudi Arabia will play a role again.