The US-Saudi oil dispute explained
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- Опубликовано: 14 окт 2022
- After a move by the Saudi-led OPEC+ oil cartel to cut oil production, which could send inflation in the US soaring, President Joe Biden said it’s time for the US to rethink its relationship with Saudi Arabia. CNN’s Natasha Bertrand explains what’s next for US-Saudi relations amid the ongoing spat. #CNN #News
Hey CNN you guys forget to mention he only asked for a 1 month delay to keep prices down before his election.
Quid pro quo Joe to the rescue
@@kennyandrade267 I think big things would happen before that.
TRUMP FILLED RESERVES UP ON CHEAP GAS. BIDEN SHOULD BE SELLING IT AT $120/BARREL INSTEAD OF USING IT TO HIDE HIS INFLATION SPENDING AND ATTACK ON OIL.
@@Vutsman1 he’s selling it to the Chinese. Look it up
sites.google.com/view/saju-ali/home
Oh, you forgot or ignored that the Saudi Ministry of Foreign Affairs stated that the American administration requested to delay opic+ dicition to cut oil production for a month in anoter word ( after the mid term elections )
🤣🤣🤣 they wont read about that part🤣🤣..damn liers!
people forget, America buys off of the open market.
this is not the first time Big Oil has rigged the market to abuse our economy...but God willing i want it to be the last!
That's meddling in a United States election isn't it?
Democrats are masters at creating a problem and then very slowly fixing it.
Biden urgently needs to be removed from power
Cnn can not spent a day without mentioning Russia or putin
Or trump
I’ll be surprised if there will be a cnn in two years the way their ratings are nose diving
CNN is a news network and Russia/putin/ trump are important and popular news topics at this moment. What do you expect ?!🤔 🙄 how do you people live with such small & useless brains ?
Why are we depending on the Saudi's when we have more than enough oil here domestically?
Because we have a clown show in the Whitehouse
Too "fuel" the electric agenda while making our enemies stronger.
Because Joe Biden is so incredibly stupid that he does not know the limits of his own authority.
more than enough? this country needs 20 million a day. it only produces 14. thats why.
Because democrats hate energy independence.
Bruh....doesn't America have it's own oil?
Yes we do. We have to remember that during the previous administration the USA was energy independent and a leading exporter of energy. We remember the large LNG ship that visited Poland before trumps visit there. That ship was intended to break the Russian stranglehold on European energy. The USA was energy independent during the previous administration according to the EIA.
Oil is a global market. Your companies are not interested to support and help your economy, they are interested in the highest profit and will sell to the highest bidder. Wake up
@@t.r.campbell6585 Newsflash last administration we were getting her oil from Russia we were nowhere near independent we’ve never been independent in oil
has nothign to do with american oil. its about russian oil. by cutting supplies so much they are increasing the need for russian oil exports, funding the war.
We sold oil to other country's under Trump. That's how much oil we have right beneath our feet.
Remember when we produced our own oil??
Under trumps leadership … it’s a disgrace what Brandon and pelosi have done to our nation
We’ve always imported oil and exported oil. It’s pure capitalism.
We can stand our own
@@guyminthorne3420 Then ban exports like we did in the 70's so Americans are insulated. But you won't hear that from any maga politicians cause they frauds.
@Lobster 🦞 Cause is the breakdown of the China supply chain, covid, and russia ukraine war. Why should anyone believe that bringing the supply chain back home won't cause prices to rise.
Someone needs to tell the Fed (chair appointed by TFG) that you don't fight the current war with policies from the last one.
Joe went to Saudi Arabia for the 100,000 barrels a day and he was celebrated. Now, Saudia Arabia cuts that gain by 20x 🤣
Says one reply but I can't see it
@@Er-sv5tn it's like that on every channel. Freedom, yeah right.
Yea. Says 3 for ne. I only see 2
I have an idea. Open U.S. drilling again.
..I'm seeing a worrying pattern here
There's oil in Alaska
What really? Lol
Yeah but you gotta go through Canada. Rather live without heat and energy than go through Canada.
BRAZIL SAY ABOUT COME BACK TRUMP AGAIN:
maggots a flashback to the opening of the show.
then go drill there.
Biden: "Can you help collude oil prices for the election with me?" OPEC: "No."
Right. When are they going to start impeachment hearings for Joe's Quid Pro Quo?
More like - Saudis “what have you done for us lately?” US - “Screw you”
OPEC... will oil cuts hurt the Biden election ?
RUSSIA...yes, but we will be ok !
OPEC...ok lets go for it.
What's intresting is both sides say something totally different.
@@dianagross8784 who is the president today granny?
We are literally watching mid 2000s military video game intros.
Anyone else notice that the West hates every religious centerpiece?
Italy (Catholic), Russia (Orthodox), Iran (Shiite), Saudi Arabia (Sunni)
Israel should watch out… as this is beginning to feel like a war against religious values.
None of whom are supporting Ukraine btw
Almost makes one wish for a Tiberium laced meteor to crash to Earth...
Red Alert? Lol
US is going to have some ridiculous gas prices soon 😂😂😂
Even more ridiculous.
How much the price there bro ?
Nothing needs to be explained
it's simple just don't talk trash about KSA and expect no reaction from them
True
but Trump humiliated them without any reaction..its either biden is too weak or the Arab world is actually shifting towards the russians..or both maybe?
@@husam9766 "humiliated them" bro you need to leave the cave...
Trump talked a lot of shit about KSA and as soon as he won the first thing he did was to visit KSA, the brain dead Americans were calling Trump the MBS puppy and you say they humiliated them LMAO
Maybe Dementia Joe shouldn't have called Saudi Arabia a pariah?
I think CNN has a whole bunch of explaining to do about their actions the last several years to the American people 🤷♂️🤷♂️
I think internally the new owners are very aware of what’s been going on. Good on them for getting rid of some of their worst offenders. There is still hope for them
@@leviwallace9647 ...and if Trump wins his Defamation Lawsuit..CNN is done for sure 🤣
They are going down to the tubes
GOOD LUCK!!!!!! No accountability!
Yea mate , along with Murdoch’s Fox puppets
Why did democrats stop all oil drilling platforms in the Gulf of Mexico, why didn’t Biden go to Texas, Oklahoma for oil not begging Venezuela
Texas and Oklahoma are pumping all it can. No holding back here.
Thanks for that
America has oil, why don't you use it?
Quid pro Joe back at it again
Really? Your Orange Jesus got impeached for Quid Pro quo. That's the only reason you even know what it is. I'm sure you are cool with Jared taking 2 billion from the Saudi's though. Irony and hypocrisy are dead. SMH
Biden lies
If he were only good at it! His only card is extortion........... and President Trump is the mob boss
He is terrible
@@megclifton6692 Biden
Now I know that Saudi has chosen such a genuine person to tackle the situation. This man really knows how to present himself in public and keep international relationship.
Yea sure mate .. sure
@John Brrrtry 💀 it won’t happen
Yes
You crack me up Cnn 😂
BEST PHUKEN COMMENT YET 💯😅😅😅😅
Its like watching multiple versions of AOC....the AOC news channel
for WHAT ? reporting the TRUTH and FACTS ?
@@stargirlzx Yeah that’s what CNN does they’re all about facts. The only traffic they get are the people that come to laugh at them
@@turkeysandwiche8552 ITS FUNNY THATS exactly how i feel about fox .... more comedy than truth or facts
Stop supplying them weapons. Period.
🇸🇦⚔️
@@vitalsigns2679 Chinese weapons are inferior. Let them have 'em.
"Supplying" 😂 you mean selling to the Saudis.
Dont forget saudis are major shareholders of us stocks and bonds.
That would be great and move your military base back home. MBS should stop trading in US dollars
Liberals Love When You Mention This Obama Quote:
“Don't Underestimate Joe's Ability To F#%K Things Up” ....Priceless
Morons love sending a grifter money..........very expensive! Go read a Trump weather map , nuke some hurricane's. Derp !
Why you depend on Saudi Arabia ?! and why should Saudi Arabia do a political service for you !! Saudis everyday being stronger and stronger and they are starting to put their interest first!
Here's a thought, you want to hurt the Saudis open up our oil spickets
Three cheers for Saudi Arabia! Do not obey US dictates! Period. US aggression must be opposed.
Former US grand strategist Zbignew Brzezinski said: “It is IMPERATIVE that no Eurasian challenger emerges capable of dominating Eurasia and thus of also challenging America”. Because the US has just 4% of the world’s population, and it’s isolated from the Eurasia continent which has 70% of the world’s population, or 87% with Africa included. Defensively, it’s an advantage to the US, but economically, it’s a handicap. That’s why economically, Eurasia is a competitor to the US and the Euro is a threat to the dollar.
How does the US with an isolated and just 4% of world’s population maintain its position as the world’s biggest economy? The dollar must stay as the world’s reserve currency. This allows the size of the US economy to be highly scaled up, instead of being sized according to the fundamentals.
To be the world’s reserve currency, the dollar must be circulated in the world. The US created a huge consumption-based economy and shifted manufacturing outside, so that dollars flow out of the US to product suppliers like China or Japan. To make products, China and Japan need energy. The US created the Petrol-dollar scheme, so that dollar is circulated to Saudi. With the US stock and financial market much more lucrative than other countries, the dollars from Saudi are attracted back to the US. Money printed in the US to exchange for goods from outside eventually ends up with the Wall Streets, where the rich gets richer. And that completes the cycle of circulation of the dollars.
The American Dream attracted top talents around the world to strengthen the US’ science and technology sectors, and a technological gap is maintained between the US and other major economy like China, so that the US benefits from highly lucrative high-tech product/patent exports, while low profit manufacturing sector is outsourced to China and Vietnam. This is why world leader in 5G, Huawei, are banned in 2019.
If China or Japan bring back all the dollars and exchange to their local currencies, it inflates the local currencies, making their exports expensive. So, China and Japan use some of the dollars to buy US debts (treasury bonds). That’s why the US, a rich country, is in-debt to China which has just 1/5th of the US’ GDP per capita.
And by holding US treasury bills, China and Japan have to support the US dollar, for if the US dollar collapses, their hard earn money would become worthless. After Obama’s “Pivot to Asia” in 2011, which aimed to contain China, China introduced the Belt and Road Initiatives (BRI) in 2013 and diverted some of the dollars into it to reduce the risk of putting all eggs in one basket, and hoping that after these countries are developed, China would have a wider trade market.
With a huge population, if Asia and Africa develop rapidly, the share of the US’ economy shrinks, then the Euro could replace it as the world’s reserve currency. When that happens, the US would no longer be able to print money out of nothing without a hyper inflation like Venezuela. Then the size of the US economy has to fall back to the fundamentals, which today is quite a lot smaller than the inflated economy. That’s why no country in Eurasia is allowed to catch up with the US’ economy. When Japan was catching up fast on the US in the 1980s, they were knocked down to a three decade stagnancy by appreciating the Japanese Yen. And in the last 30 years, the US created conflicts, wars and color revolutions in the Middle East, Central Asia and Africa to destabilise the Eurasia-Africa supercontinent.
When the US prints a lot of money, other countries’ foreign reserves in dollars shrink in value. Furthermore, to prevent exports to the US becoming expensive, these countries have to print money too, which devalues the savings of the people, and causing inflations in these countries. It’s estimated that our savings devalue by 6-9% per year after the abolishment of the gold-backed Bretton Woods system, after which the US prints money based on just the creditability of the dollar.
North America is relatively easy to defend, yet the US has a military budget more than the total of the next 9 countries in the top 10, to protect the dollar with its 800 military bases worldwide.
For the record, the US had no mercy on threats to the dollar:
* In 2000 Saddam Hussein said he would start selling oil in Euros not Dollars.
>> Saddam was hanged by the US.
* In 2009 Gaddafi made Libya export oil in Gold Dinars, not in dollar or Euro.
>> Gaddafi was killed by US-backed NTC.
* Syria had an independent Central Bank NOT under Federal Reserve controlled Bank of International Settlements.
>> Obama attempted to overthrow Bashar al-Assad.
* Iran has been trading oil in currencies other than US dollars since 2011.
>> Iran was being sanctioned by the US.
* After being sanctioned in 2014, Putin started to trade in non-dollar. In 2019, Putin (1) completely ditched dollars in oil trades, (2) sold almost all the US treasury bonds, (3) is now the forerunner in de-dollarization.
>> The US tried to topple Putin by supporting Alexei Navalny. And now the Ukraine war to weaken Russia.
* China (1) introduced the BRI in 2013 which helps many countries to develop and speed up the integration of Eurasia, (2) used non-dollar in oil trades with Iran and Russia, (3) introduced the CIPS, an alternative to the West’s SWIFT system which has been weaponized by America, (4) China’s economy and high technology are catching up fast.
>> China has become the US’ #1 target.
If a country supports the dollar, it’s being looted; if a country doesn’t support the dollar, the government is changed by the US. This is financial slavery.
The Fed has printed 80% of all US dollars in existence since Jan 2020. There was $4.02 trillion dollars in circulation at the beginning of 2020. The number reached $20.08 trillion by Oct 2021. This amounted to an astronomical 30 trillions debt. Coupled with a global rising urge to diversify into non-dollar reserves caused by the US’ sanctions to 39 countries, the dollar is in a creditability crisis. This is the major development which shapes geopolitics in the world today.
The US cannot have direct wars with Russia and China because they are nuclear armed. Proxy wars put the battlefields outside of the US, and the US would looked like an outsider. Remember in the 1980s, the US supported the Afghan Mujaheddin in a proxy war against the USSR. Russia and China have clearly defined their redlines. US would use its collaborators Zelensky and Tsai to push across the redlines to trigger the wars, and it would sell weapons to its allies in NATO and AUKUS, and get them to support the wars.
After the dissolution of the USSR in 1991, US President Bill Clinton had two choices: (a) to integrate Russia into Europe and abolish NATO, OR, (b) to slowly alienate Russia to keep Russia and Europe divided. Clinton chose the latter, because if there’s no more Russia “threat”, there would be no more NATO to control Europe. As the first NATO Secretary General, Lionel Ismay described the military role of NATO: “To keep America IN, to keep Russia OUT, to keep Germany (Europe) DOWN”. NATO also allows the US to place missiles in Europe, so if a war break out in Europe, missiles would be flying between Moscow the East and Lisbon in the West, while the US remains safe across the Atlantic.
And politically, the EU is an American creation, as much as a European one. It’s much easier for Washington to control ruling elites at Brussels than having to control all politicians in Europe. The EU is used an ally or a sacrificial depending on the geopolitical needs of Washington.
The proxy war in Ukraine: 1.Divided Europe from Russia and divided Eurasia. 2.Killed Nord Stream II gas pipeline and German firm Energie Baden-Wuerttemberg has signed up for gas from America Venture Global LNG for 20 years. The US gained control over energy supply to Europe. 3.Created continuity for the Military Industrial Complex after pulling out of Afghanistan. 4.Most importantly, the war strengthened the dollar. Dollar against Euro is now the highest since NATO's bombing of Yugoslavia in Mar 1999 (happened two months after the official launch of Euro as the currency of the EU, which threatened the dollar). A strong dollar together with the Fed’s interest rise in 2022 cause capitals from all over the world to flow into the US’ economy, while collapsing other economies, like Sri Lanka.
Else where, two months after ignoring a warning from Washington against his visit to Moscow, highly popular Imran Khan was ousted from the PM post of Pakistan on 9 Apr 2022. A month after ignoring Biden’s demand to increase oil production, secretary-general of OPEC, Mohammad Barkindo died unexpectedly on July 6 2022.
The US isn’t relinquishing its privilege to loot. Remember after WW II, Europe and Asia were devastated, but the US emerged as the world leader and the dollar became the world’s reserve currency.
You posted this lengthy copy & pasted statistical diatribe eight days ago (written and diligently researched by an alleged actual Ukranian) that ultimately concluded Putin did not order the Russian invasion of Ukraine, but that Zelensky and NATO had provoked it by crossing the "red line."...
You are correct and once the big countries decide the U.S can't be trusted because of sanctions and pull all their money out of the U.S it will collapse it's just a matter of time that this will happen...
Damn
Thanks for that breakdown. That puts things in a clearer perspective.
Omg what a wealth of information, all makes sense at why the US is so powerful and dominant. Whats the source of your info?
Just keep the prices down until after the mid terms!! 😂
Just more gaslighting fro CNN
Quid pro Joe
@@bobcob3362 Biden should be kicked out of office by trying to get them to lie so his party can win the election.
I know, this is why CNN, MSNBC, ABC, CBS, NBC. WaPo, NYT, LAT, etc etc etc etc. All spam news of what "really" happend. And they will leave out that anything they did was for till the mid terms.
Meddling.
Supporting Russia. Dismembering dissidents. I don't think they share our values.
No, oil stability matters.
That's exactly your values..illegal wars + torturing + killing of innocent people = US foreign policy over the last decades
Jamal Khasoggi was an active Al-Qaida terrorists and the henchmen of Osama bin Laden
Other than regional stability for which they desire US support, no, they don't otherwise care about US politics nor do they really care about US gas and diesel prices. So, until we have efficient and affordable alternatives to oil (which we currently do not), we need to bolster our energy independence. This desire to trust globalism to insure economic stability and low costs turns against us as we have seen. Biden, you have exhibited poor leadership. Free up the leases which you stifled and transport systems, yes, pipelines. Go "green" when viable, but do not ignore oil. It should not be viewed as something to "phase out" in a few years. That is nonsensical.
Another huge reason we need Trump's policies back. We don't need to beg other criminals(MBS) for our oil needs.
You may disagree with Trump on a lot of subjects but when it came down to economics his policies were effective.
WTF are talking about? Trump and his administration were in bed with them. He also ignored the fact that they murdered a US citizen. It wouldn't have happened under any other president. The Saudi's sensed weakness in Trump. Biden going there and fist bumping with that psychopath prince was a big mistake.
Yes> Trump had good policies. Biden is almost brain dead.
The US refineries was sold to saudi during his term...
@@redstarchrille yessss.. God bless Saudi Arabia
"other criminals (MBS)" its always funny seeing Americans call other leaders who have done far less, criminals compared to America's history of war crimes in over 50 countries and not a single President brought to justice over it.
This has been a sad 2 years
Yeah because the 2 before that were SO good??!! Businesses closed and half a million dead at that stage?? Fantastic!!
@@suzyfarnham3165 More people died under Biden to Covid.
@@suzyfarnham3165 que???
The Kingdom affirms that the outcomes of the OPEC+ meetings are adopted through consensus among member states, and that they are not based on the unilateral decision by a single country.
It is about time to stop subsidizing the Saudi Kingdom and invest on greener and cleaner sources of energy at home.
Yes your Cars will not run on greener sources 🤣😂
Leonaza7 shove your EV where the sun don’t shine
Turn up the Alaskan oil pipe line , it can produce 2 millions barrels a day
BRAZIL SAY ABOUT COME BACK TRUMP AGAIN:
maggots a flashback to the opening of the show.
Ok but will it be enough to lower the price of oil?
Exactly - America is sitting on a way out of all of this !! Biden is in the way!!
@@byronjordan6882Alaska's oil goes to Japan, other asian countries, and California. California banned gas cars so Alaska will probably ship to Asia.
Not that easy.
Educate yourself.
Release the fracking!
IF saudi do increase production as US wants, oil would be near $60 which would impact US oil production becuase they will be barely making profit . Therefore US would have to import more.
You weren't supposed to notice that
The saudi are the owners of the refinerys in US already. was bougth 2017
Why not drill here, start fracking and finish the nordstream pipeline? U know like we did under the last president.
Fyi oil won't go below $80 a barrel now. Thank Biden for that
Import from who? Half of world turned back to u.s. oppression... They could buy it from eu but u.s. blew nordstream, so eu sits without energy them selves
These outcomes are based purely on economic considerations that take into account maintaining balance of supply and demand in the oil markets, as well as aim to limit volatility that does not serve the interests of consumers and producers, as has been always the case within OPEC +,
LOL. Nah, the Saudis just gave joe the middle-finger.
@@stormyweather9917 yes ma'am, that is exactly what happened
The only way Biden has now is to retrieve its sanctions from Iran
Open Alaska!
Saudi Arabia is not a client state, though arms sales in support of their war in Yemen has been a cash cow for the US.
Yeah why does right wing cnn never report on our role in what's happening in Yemen. Do they want to keep us dumb on purpose
More countries getting involved...I'm seeing a worrying pattern here
It's all been prophesized
It's not a dispute it's a quid pro quo gone wrong.
BRAZIL SAY ABOUT COME BACK TRUMP AGAIN:
maggots a flashback to the opening of the show.
Don’t worry wind and solar will save us says democrats
What's really funny is if in fact we could get away from oil by developing alternative sources of energy such as yes, wind and solar and electric cars in the infrastructure to support them. Then it would literally change the dynamics of the world politics. It just takes a long time to get there and we probably never will.
@@lesliecurran1704 I was just showing what bull shit this is , America runs on semi trucks and trains and Biden has destroyed American energy independents and has drained the emergency strategic oil reserves to cover for the incredible green dream
Port Arthur, Texas is considered the crown jewel of the US refinery system,
that facility can process 600,000 barrels of oil per day, making it the largest refinery in North America.
Saudi Aramco, the kingdom's state-owned oil co. took 100% control of the sprawling Port Arthur refinery. (Next we sell Texas to them.)
shhhhhhhhhhhhhhhhhhhhhhhh they dont know
Yep. It refines Texas oil. Saudi should shut it down and Texas should export its crude.
What could happen is texas could join OPEC.
You do realize that Saudi Aramco has been 50% owner of Port Arthur since 1989 right? And took 100% control in 2017.
For such takeovers, the people of that state
should also approve it, not just politicians who fill their pockets.
Buy more Canadian oil. Problem solved.
Right now ramping up oil production here in the states sounds a little bit more attractive right now.
President Biden would fit right in a Memory Care Assisted Living facility. His behavior is the norm for residents, but not Presidents.
The Saudis have dropped the dollar and that is really Bad!! This would have never happened under Trump!!!
This is what happens when he caters to an unrealistic green energy plan
What a radical comment, when did you become such a political extremist? Especially spending your time like this on the weekend
@@democracymeansdcstatehood3606 Biden had and still has no REALISTIC plan to take us from oil to electric. He's an IDIOT!!
Can't blame the Saudis. Just turn on the USA oil instead of playing games.
Didn’t Saudi Arabia donate $400 million dollars to Ukraine??
The Government of the Kingdom of Saudi Arabia would first like to express its total rejection of these statements that are not based on facts, and which are based on portraying the OPEC+ decision out of its purely economic context. This decision was taken unanimously by all member states of the OPEC+ group.
This is MBS messing with American elections.
Adel Al jubeir said
You lost me at “The Government of Saudi Arabia.” And that was your first line of argument.
@@NewBeginnings413 "would like to express its rejection" read what he said
There's a difference between cutting production and lowering the production ceiling. Current OPEC production is 3M barrels a day BELOW the ceiling. How does lowering the ceiling take any oil off the market and why are prices spiking.
Each OPEC country has a production quota. Some OPEC countries are below their cap, so lowering the ceiling has no effect. But some are at the cap, so those countries will need to cut production. I heard that a 2 million cut to the ceiling will lead to an actual loss of production of several hundred thousand barrels.
Try 30 million a day so there cut brings it to last years level of 27 million. My God you must be a Democrat always getting facts screwed up. 10% cut raises prices 10% so $4.00 a gallon raises to $4.40 but % also go up with sales tax %. 2019 USA production 12.3 million now due to Biden policies its 11.75 million now.
@@navi2102 Or blow through it
@@navi2102 Not nearly enough to cause the recent spike in American gasoline prices. Plus Brent is lower today than when the cuts were announced. Americans are being hosed by the same oil companies that republicans protect. It's all a bunch of BS market manipulation that maga swallows hook line and sinker. Gasoline price spikes are from refinery shutdowns designed to restrict supplies ahead of the election. A little October surprise cause prices have been declining for months due to free market forces.
@@navi2102 actually all countries pay to OPEC in dollars and as we know the interest rate in US is high which is gonna affect the demand as countries wouldn't be able to pay much, so its a good decision
2 words: quid pro Joe
Quid pro Russia 🇷🇺 troll
@@CultureoftheWorld laughable you have to resort to pretending people you don't agree with are bots
@@robertgreen1282 you are 😈
@@CultureoftheWorld not you rub your 2 brain cells together and only come up with that? You clearly aren't very bright.
Dear Trump:
Please forgive me for not voting for you please come back
I have 2 words... Let's Go Brandon.!!
you proud of your 15 secs of infamous? 🤣🤣🤣
Someone can’t count! Trump loves the uneducated! 😂
@@jerrygilman1151 🤣🤣🤣🤣🤣
@@melissaleoncreolenola Joe Biden is a moron....people are just being honest.
@@jerrygilman1151 Jesus.....it went right over your head! WOW!!!! 😆
Stop pretending like we don't have enough oil at home. All the environmentalists will have to get over it.
BYE BYE Jim Acosta LOL your fired
We cannot trust our adversaries for oil, we need to make our own & transition to renewable energy
No, we need to stop subsidizing "green energy" because it's way too costly. What we need is to immediately resume drilling and fracking and, in parallel define new laws governing nuclear power plant approval to severely restrict the legal onjections of the anti-human eco-NAZIs.
I'd like to see green energy melt iron ore. They might be able to power the conveyor belts to move the coal.
since saudi is an adeversary,they should ditch US petro dollar
Go 😂
Billy Evans! You need to do only one thing i.e do not interfere in internal matters of countries and creating mess to dispose off your weapons. Beside this you have your choice. Beware that your worst enemy are guardians of white house & CIA.
Stop trying to bully Saudi Arabia and OPEC countries into producing more oil. Increase your own oil production instead.
2 things CNN WOULD NOT REPORT
1 The Ukrainian president yesterday thanked saudi arabia for there financial aid and standing with them in UN
2 the current us administration ask to postpone the decision just till after the midterm elections
كفو والله ب عبد الله
Jack up the price on weapons we sell them to compensate
We aren't the only country that sells weapons
@@fredjr3914 it’s also the technology
Correct 💯
And they will buy from someone else you loose
@@tobiisiba1641 less inferior technology or outdated
We should use everyone else’s oil before we touch ours. People don’t realize how much our national security depends on oil. Look up how much oil our military uses everyday then consider our national security. Again use everyone one else and pay what ever the cost before we touch ours.
Right that is why Biden drained the emergency strategic oil reserves it’s all ready been touched, drained selling American emergency oil to China 🇨🇳, what national security with stupid fu@k in charge
I have two words for you: quid pro Joe.
I bet he will say it was a perfect conversation!
"When you see that trading is done, not by consent, but by compulsion-when you see that in order to produce, you need to obtain permission from men who produce nothing-when you see that money is flowing to those who deal, not in goods, but in favors-when you see that men get richer by graft and by pull than by work, and your laws don’t protect you against them, but protect them against you-when you see corruption being rewarded and honesty becoming a self-sacrifice-you may know that your society is doomed."
Thank you and IMO America is doomed and dying. RIP America you were once great.
@@selftaopath That was never ever the case.
@@selftaopath Except that the US is fairing far better than most nations, and far better than all of the powerful ones. Russia is now a dystopian shithole where you could be sent off to die in an illegal war. And China is now a dystopian shithole where you can get trapped in your apartment for six months, cuz reasons.
Us is doing better than pretty much every other major power. But yeah, sure, it's 'doomed'.
And you DO know that the Big-Guy gets %10. Right???
@@stormyweather9917 When has this ever been different? Anywhere else aside from the West, 'Big-Guy', gets 50%, minimum.
"No one fks with a Biden." - Joe Biden
"Hold my 🍺" - Saudi Arabia
I love the fact that every time Joe runs his mouth like that, he eats those same words the very next day.
This definitely has nothing to do with gas prices going up in an election season
Saudi Arabia 🇸🇦 has right to say no, why don’t America pump their own oil.
She called the guid pro a dispute ha ha ha ha can't make this crap up.
Quid pro Joe at it again.
This shouldn't be happening over oil. It should be happening over the treatment of women
You want the sniffer of children and groper of women to be concerned about women?
We need to produce more oil ourselves..
cutting oil production may have been political theatre
but I did notice a big jump in gas and diesel fuel
Look out for interest rates now.
USA LNG price gonna skyrocket, it's gonna make europe broke. Not right now, but it will be. The LNG deal is a trap
It still 92$ bitchh
I love how Putin and all the other country leaders plays games with Joey's pea brain
Just get me 11000 votes
Better than p grabber in chief
@@ihmpall Joey has proven that he's a pervert so anyone that voted for him is okay with it
@@ihmpall for what? Are you running for the dumbest clown award?
Unlike the mass respect they held for Trump.......lmfao, sorry couldn't keep a straight face writing that.
Cut ✂️ the lot out, stop being dependent on others
I would ask Saudi Arabia, how is reducing oil supply going to stabilize the market, that's ridiculous.
Why would they miss out on making billions of dollars for selling half of that oil.
Quoting "Randy Jacobson" There's a difference between cutting production and lowering the production ceiling. Current OPEC production is 3M barrels a day BELOW the ceiling. How does lowering the ceiling take any oil off the market and why are prices spiking.
This is fundamental business methodology which is Supply & demand !! Once the demand is lower than supply oil market will be unstable! By the way this applies in any commodity…!!
My question for you as American! Why US tripled Gas prices for Europe?
Also Why the petrol in US more than double but the oil prices increased only 10-20% ? Check oil prices before Russia War…
It’s not…they’re just trying to humiliate Biden. And it’s working as he’s the weakest President the US has ever had🤮
@@nilnil8411 Saudi cannot attempt to make a case that they're stabilising the oil market to defend against the American response of the Saudi led change in OPEC output, that's the point here, It's obvious they're doing this to make money, but they're defence on why they're limiting oil output is ridiculous.
Who is cnn firing next?
JIM 🙏
We need to open the spigot here at home. I had 11 pumpjacks working on my property pre-pandemic. They shut down 10 when the pandemic struck, and they've yet to turn them back on. Big energy is artificially keeping the prices high by limiting supply.
Corporations are the cause of inflation. They just keep raising prices to satisfy their greed.
Why would American oil companies invest in domestic oil when the president said multiple times that he wants to end fossil fuels? What idiot would invest money for oil in a country sworn to end oil.
This is true.
@@notentirelyapathetic9458
Because it's the insane leftists who want to cut our oil then pay more for Saudi oil. Most our problems are directly downstream of leftist politicians.
@@notentirelyapathetic9458 I'll one up that. What idiot would drill a well when the price of drilling and completion is so crazy high?
Its time to sale oil not explore for it.
An official at the Foreign Ministry in the Kingdom of Saudi Arabia stated that the government of the Kingdom of Saudi Arabia has viewed the statements issued about the Kingdom following the OPEC+ decision announced on October 3 2022, which have described the decision as the Kingdom taking sides in international conflicts and that it was politically motivated against the United States of America.
Saudi Arabia does whatever it wants
I don't understand we do have the oil why we have to go is foreign country to get the oil does it make no sense anybody could tell me since Biden take office what he done so far for this country give me one good thing done so far
Bro nationalize your own oil stop using ours
'Those who can make you believe absurdities can make you commit atrocities." Voltaire
You must be talking about the US Government....no other country has committed more atrocities than the US. FACT!
Any original thought of your own?
"October is my favorite month because I can pump kin."
- Joe Biden
@@bobcob3362 you people literally defend how ignorant you openly are.. wow
@@bobcob3362 joe biden is a life long, empty suit, corrupt politician that lost any mental steam he had left about 5 years ago. His only commendable legacy is taking the heat off Carter as the worst President in modern history. Original enough?
He should be impeached for his actions on this
When is impunity discussed?my case since 96until now has not been investigated.. Because they are know about 11\9 since that time.
President Biden and the US Congress should pull every American troop out of Saudi Arabia. To hell with them once and for all.
🇸🇦⚔️
Stop selling them parts for their prized F-15's.
Nice Ukrainian flag 🏳️🌈
Nice gay flag
How does CNN still exist?.....
The dems pay well.
Cornpop is making enemies all over the world.
The explanation is simple. Never underestimate Joe's ability to fuck things up.
Wow!! how did you get "fuck" past utube? I'm always censored.
@@mrrey8937 Maybe because it was a direct quote from Obama
@@grego3515 ahhhhh......
Don't you mean Trump. Saudi Arabia is going to suffer you watch.
@@marctemura2017 are you clueless or have not been paying attention for the last two years ?? that is an exact quote from Barack Obama about Joe Biden
what would the saudis be without their oil? ....... ahh right nothing.
🇸🇦⚔️
Yeah but they have it , so they have everything 🤦♂️
Same as the US.
What's your point? 🤡
What would Apple be without iphones?
What would you be without your brain?
What would any country be without their best commodity?
Brainless comment
“My younger sister used to be 3 years younger than me. Now she’s 23 years younger.” MushBrain Joe (10/15/22)
😂😂
Did he really say that? 😂
🤣😂 lies.
@@leviwallace9647 He sure did.
He actually said that, JoJo said that at another Potatoe event.
U.S could extract its own oils just chooses not to, but when 1 deal fails 4 more come that are better 👍
Why US oil companies are not producing own oil after the pandemic? we were fracking like crazy before...
Tensions seem to be part of the Go Brendon administration.
Why can't we just get along!
We did in Trump's administration but Biden doesn't wanna get along!
Saudi stand your ground, if USA is running out of the business it's not our problem.
@1:99 we are going to punish you for not giving us your product at a really cheap discount. WOW. Buy your guns yesterday pwople. You are going to need it
IN GOD WE TRUST 🇸🇦
RONALD EDWARD POTTER. JR.
In Rump we rust
What about consequences for Brandon for his oil cuts?
What about consequences for quid pro quo Joe’s criminal actions in regard to voting influencing?
You mean the same Saudi Royal family that recruited, organized, financed, led, equipped, trained, and bankrolled the 911 hijackers which killed 2,379 Americans on behalf of their cousin OBL aren't on our side? The same Saudi Royal family that still supports the Taliban, Pakistani ISI, Al Qaeda, and ISIS. The same Saudi Royal family that has given Jared and Donnie billions in personal loans in return for a naval blockade and trade embargo against the Qatari's who support a rival faction to MBS in the succession battle for the Saudi crown. The same Qatari's who was originally supposed to give Jared a Donnie that 500 million but backed out of the deal. But let's let Donnie's own words speak for themselves: "Am I supposed to dislike them? I like them very much." "They buy all sorts of my stuff. All kinds of toys. They pay me millions and hundreds of millions." “Saudi Arabia is paying us for [our troops]. We have a very good relationship with Saudi Arabia,” “I said, listen, you’re a very rich country. Do you want more troops? I’m going to send them to you, but you’ve got to pay us. They’re paying us. They’ve already deposited $1 billion in the bank.” - Donald Trump
What cuts would those be exactly.
If only I could retaliate the same way with my employer.
😆 🤣 😂
@WeHaveExplosive damn 😳
@WeHaveExplosive so you agree the Saudi's can do whatever they want with their oil. It would be ignorant of you to say otherwise.
We are a global embarrassment
No not really. You see Saudi Arabia is in big trouble.
Yes you are
@@edgepixel8467 I voted trump, not my fault
reminds me of the early 1970's
Except we have oil now.
It WILL get worse under Biden.
Wouldn’t be a bad idea to restart Keystone XL and offshore drilling, since the whole green energy scam isn’t really working out well
Keystone xl has never been in production....
@@janzzen1 No shit, but it was shutdown, right?
Keystone would have been used to export oil overseas. We don't need more oil on the gulf.
Keystone Pipeline sole purpose was to transport oil from Medicine Bowl Canada to Texas for transport to foreign markets like China with far less cost to Trans Canada oil company. It is being presently transported by rail and trucks and would have eliminated those jobs and jobs for the supporting infrastructure with about 50 people to run the pipeline. It does NOT transport oil for the US market. The 2800 jobs to build the pipeline would have only been for a couple of years and at completion eliminated thousands of rail and trucking jobs. The pipeline would have been built over the nations largest underground aquafer and a pipeline oil leak would have a massive effect on Mid West farming and ranching.
@@ronhall3686 Yeah, but this administration shutting it down showed this administrations compliance with the green agenda, the UN 20/30 reset agenda. Sugarcoat it all you want, that's reality, and I'm in no favor of fracking, but neither am l of starving. Fook the liberal world order, and the minions that flock to its cause.
at a buffet, i personally sneak corndogs into the buffet so others can enjoy them. I hide 6 corndogs in my jacket pockets. it then, is a joy for me to see other patrons of the establishment eat my corndogs thinking they were part of the buffet.
Acosta has been fired! He was very annoying and immature.😂