President Biden is considering traveling to Saudi Arabia in the coming days to ask the kingdom to increase oil production, a move designed to lower domestic prices just months after slashing America’s domestic energy sector.
“According to Axios, the president’s advisers are considering the trip as a way to mend fences with the Islamic nation and get them to produce more oil to offset the loss that would come should the U.S. ban the purchase of oil from Russia,” reports Fox News.
SCOOP: Biden’s advisers are discussing a possible visit to Saudi Arabia this spring to help repair relations and convince the Kingdom to pump more oil, Axios has learned.https://t.co/pXnOoCldIi
— Axios (@axios) March 6, 2022
So we need more oil. Our options are make more ourselves, give money to Russia, give money to Iran, give money to Venezuela, or give money to Saudi Arabia. The Biden administration is rejecting make more ourselves and attempting to give it to all the other countries.
— Clay Travis (@ClayTravis) March 7, 2022
“Now critics are slamming him by pointing to current events as evidence that energy independence is essential. When the U.S. boasted sanctions against Russia last month, the Treasury Department made clear that the blocking of transactions included a carve-out that allowed energy-related purchases. The administration is leaving the possibility of closing that loophole as an option,” adds Fox.
Read the full report here.
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