Thursday, October 6, 2022

OPEC+ Plans To Cut 2 Million Barrels Per Day


yahoo.com
House Dems introducing GOP-inspired bill to strip
defenses from Saudi Arabia,UAE following OPEC oil cut
"Reps. Tom Molinowski, D-N.J., Sean Casten, D-Ill., and Susan Wild, D-Pa., called out Saudi Arabia and the UAE – both OPEC members – after President Biden had tried to work with them. The House members said the U.S. needs to reevaluate its relationship with both nations.

Their bill, the "Strained Partnership Act," takes its name and virtually all of its language from a 2020 bill sponsored by Republican Sens. Kevin Cramer, R-N.D., and Dan Sullivan, R-Alaska. Both bills call for the removal of "[a]ll United States Armed Forces and equipment, including Patriot missile batteries and the Terminal High Altitude Area Defense (THAAD) system" from Saudia Arabia within 90 days of the bill’s enactment. The only difference between the two bills is the new one from the Democrats says the defenses should also be removed from the United Arab Emirates."


As I see it this incentivizes the need to steer away our dependence on fossil fuels. It's almost as if they are egging it on to their own detriment in the long run. Republicans could possibly get behind this bill. We will see.

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