Riyadh (AFP) – Saudi Arabia’s energy minister on Tuesday blasted the release of emergency oil stocks as an attempt to “manipulate markets”, the latest apparent salvo in a spat with Washington over oil production.
“People are depleting their emergency stocks, had depleted it, used it as a mechanism to manipulate markets while its profound purpose was to mitigate shortage of supply,” Prince Abdulaziz bin Salman told an investor conference in the Saudi capital.
“However, it is my profound duty to make it clear to the world that losing emergency stock may become painful in the months to come.”
Prince Abdulaziz did not single out the US in his comments about emergency stocks, but last week US President Joe Biden announced he was putting the final 15 million barrels on the market from a record release of US strategic reserves.
That tranche was to complete a 180 million barrel release authorised in the spring, in response to price hikes linked to Russia’s invasion of Ukraine.
It also came on the heels of a decision by the OPEC+ oil cartel, which Riyadh co-leads with Moscow, to cut oil production by two million barrels a day from November. more
Hey, Biden* may be an idiot but he’s OUR idiot. The damn goat humpers can go piss up a rope.
“Prince Abdulaziz did not single out the US in his comments about emergency stocks”, he didn’t have to, we all know who he was referring to. Our country is being run by TRAITOROUS BASTARDS!!!
THE SAUDIS ARE ENJOYING LOOKING SO MUCH BETTER THAN SHITSTAIN BIDEN
GOOD TIMES FOR THE MIDDLE EAST, WITH THE EXCEPTION OF ISRAEL
I often wonder why the Saudi monarch puts up with the US, or any western power. They keep meddling in Saudi social affairs, telling the women they should be able to drive or vote, and complains when gays are thrown off buildings. A better response would be,”Physician, health thyself”.
Maybe The Prince is worried that the CIA will spill on their 9-11 complicity and support, but he has Fuck You money so who cares? Those theocrat nutjobs in Iran are always a problem, but he has better relations with Israel and can buy whatever weapons he wants.
In the 70s the libtards used to call for unilateral disarmament by the U.S.
Now dementia Joe, old hippie that he is, suffering from delusions of adequacy, is working to unilaterally disarm the U.S. of cheap, clean, affordable energy. He/they (or whatever pronouns) are looking to have us grovel and beg to China and other shit-hole countries for uncommon if not rare materials to support their electric wet dreams.
The Libtards lied about DJT using his office to help get Conservatives elected. The Media banging the drum all the way along. They impeached him for it. And old Joe isn’t even trying to hide it. There’s a lot of muther fockers in this country that deserve to be blindfolded and stood against a wall.
Democrats seem to think the purpose of the petroleum reserve is to help get democrats elected. Republican presidents fill up the reserve when oil is cheap, and dems bleed it when oil is expensive.
I’m thinking there are a few chickens coming home to roost…..
Biden pisses everyone off.
Sad to agree with a raghead, but the enemy of our enemy is our friend, I guess. Shitpants definitely ain’t our friend and he never was my President.
Yeah, like the ragheads have never manipulated the market, right?
Whoda thunk a Saudi prince would be more upset at joe depleting the US oil reserves than any sitting elected official in DC?