The mainstream media is desperately trying to trumpet some kind of colossal Biden success following his visit to Saudi Arabia. However, in reality, the Saudis mocked the bumbling 76-year-old mercilessly, insulted him to his face, and sent him on his way empty-handed.
The Biden administration bragged that after his visit to Saudi Arabia, the Arabs promised to increase oil production by as much as 50%. If only that was true, it would be a triumphant victory for the beleaguered Biden. The Saudis would flood the market with oil, skyrocketing prices would collapse …
But there is just one problem. The fact is that not all oil production in Arabia will increase by 50%, but the increase in production planned for the summer will increase by 50%. It’s tricky wording, but I will explain.
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As part of the OPEC + agreement, the Saudis already planned to increase production in June and August by 171,000 barrels per day. That is, now they will increase production not by 171, but by 171+85 (+50%) thousand barrels. These 85,000 additional barrels are all that Biden managed to negotiate.
Is 85,000 barrels a lot in the grand scheme of things? Considering that the Gulf states produce approximately 12 million barrels per day, 85,000 barrels is an increase of much less than 1%. And that’s just counting the barrels produced by the Gulf states.
In total, the world produces about 100 million barrels of oil every day. Even if the Saudis throw another 85,000 barrels on the market, these “Biden barrels” will represent less than 0.1% of the market. It’s like pouring a bucket of water into an Olympic swimming pool. Technically, there is an increase. But in reality, this increase will not be felt by the world in any significant way. The pain we are all experiencing at the pump will not end. Skyrocketing prices will not be bought back to earth.
The United States alone is extracting an additional 1 million barrels from strategic storage facilities every day. Every day! But even this measure has not brought down the price of oil and fuel within the United States.
What will a paltry 85,000 thousand barrels achieve? This is pure mockery from the Saudis. The fact the US mainstream media is trumpeting a Biden victory is laughable.
Why did the Saudis receive Joe Biden so badly? Three years ago Joe Biden vowed to make Saudi Arabia a “global pariah” over the assassination of dissident journalist Jamal Khashoggi. But it goes deeper than that.
Suffice it to recall that Trump was received like a king. He was given a whole hotel (not a floor in a hotel, like Biden). Honors were given.
Putin was welcomed as a kind of deity. He was given the entire royal palace. Putin’s motorcade was escorted by elite cavalrymen on elite horses, the motorcade’s escort vehicles consisted entirely of Ferraris with Russian identification marks. Putin and the crown prince not only bumped their fists, as they did with Biden, but embraced like brothers. Putin’s visit to Saudi Arabia was celebrated as a national holiday.
Biden is a weak leader and a weak man. Foreign nations don’t respect him — and why should they? Biden’s fellow Democrats do not respect him. His own family mock him behind his back.
It’s not just the Saudis.
Baxter Dmitry
Email: baxter@thepeoplesvoice.tv
Exactly what England, who created the House of Saud to serve them and the Vatican want. To destroy Anerica so they can takeover. And remember all the visits the Windsors made to Saudi before the war started? That’s what always happens They go and work out how they’re going to play the whole thing out before the director calls lights cameras action.
The British Broadcasting Corporation (BBC) is even more blunt, “From a political point of view, Biden’s trip may once again remind people that the influence of the United States in the Middle East is continuing to shrink.”
And such joy throughout England.
Joy throughout England? or just at Windsor castle?
ABCCBSNBCBBC are all the samething and since the nielsen ratings system of soundscanning every sound on earth can be heard on satellite and tower so even if you don`t write online they will still steal whatever you say since howard hughes got murdered by the commies in mexico-co
New ROME is powerless DUD
America is in serious trouble.
The entire world us laughing at this bumbling fool who resembles Mr. Magoo.
What a scam!
We don’t like him either in this country
HE IS MENTALLY 150
Washington has been treating Saudi Arabia like shiit, so what kind of reception did Washington expect?
Slow Joe got 85000 barrels a day for 3 months then production goes back down to normal. I am surprised that they gave Bidumb that much. Would have thought they would have sent him home empty handed.