Posted at Hartmann Report on Mar. 5, 2024
The Saudi & Putin Scheme for Screwing Biden's Election Hopes
So, get ready: it's coming this fall. And unless the administration acts quickly, there will be nothing they can do about it. Gas at $6 a gallon could easily throw the election to Trump…
Have you noticed gas prices are rising? Get ready: you ain't seen nothing yet.
The bloodthirsty leader of the Kingdom of Saudi Arabia loves his dictatorial soul-mate Donald Trump and is today setting the stage to intervene in November's election in a big way, much like he did with a smaller test run during the fall of 2022 when he drove US gas prices up above $5, forcing President Biden to release oil from the US strategic petroleum reserve.
As Stanley Reed reported for the Business pages of The New York Times three days ago:
"Saudi Arabia, the de facto leader of the Organization of the Petroleum Exporting Countries, said Sunday that it would extend [their one-million-barrels-a-day] cuts in oil production through June, noting that it was acting 'in coordination with some' other states."
That "other state" would be their OPEC+ partner Russia, which also announced last weekend a simultaneous production cut of 471,000 barrels a day. Putin wants Trump back in the White House, too.
This time, though, because Trump refused to block the sale of America's largest gasoline refinery to Saudi Arabia in 2017 (completed in 2019 with Trump's blessing), no matter how much oil Biden releases from the reserves will be irrelevant: if the Saudis shut down their Port Arthur, Texas refinery this October "for maintenance," US gasoline prices will explode.