Saudi Diplomat Dodges on Boosting Oil Production, Claims High U.S. Gas Prices Due To Biden Policies By Infowars

[Manuel Tavares]

Saudi Diplomat Dodges on Boosting Oil Production, Claims High U.S. Gas Prices Due To Biden Policies
By Infowars
https://rayviolet.blogspot.com/2022/07/saudi-diplomat-dodges-on-boosting-oil.html

A top Saudi diplomat present at the meeting between Joe Biden and Saudi Crown Prince Mohammed bin Salman denied Biden pressured them to increase oil production, and argued that high gas prices in the U.S. are a “function of the lack of refining capacity” rather than a shortage of oil.

In an interview on CNN’s “Situation Room” on Friday, Saudi Minister of State for Foreign Affairs Adel al-Jubeir refused to commit to producing more oil while explaining that that high domestic gas prices are a result of Biden’s policies.

“Did President Biden ask you, Saudi Arabia, to increase oil production with the hope that it would reduce the price of gasoline in the United States?” anchor Wolf Blitzer asked.

“Not in — with specificity because the president knows that [the] energy issue is an issue of supply and demand. It’s an issue of balancing markets. Saudi Arabia’s committed to ensuring stability in the oil markets. The U.S. government is aware of this,” al-Jubeir responded.

“The issue of increases in prices of gasoline that we’ve seen recently are really a function of geopolitics and psychology more than they are about fundamental supply/demand,” he continued. “The problem of gasoline in the United States is more a function of the lack of refining capacity in the United States than a shortage of actual crude oil.”...+
https://rayviolet.blogspot.com/2022/07/saudi-diplomat-dodges-on-boosting-oil.html