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Saudi Arabia Says Biden Asked Them To Wait To Cut Oil Until Closer To Midterms – Market Subset News


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The Kingdom of Saudi Arabia has shoved President Joe Biden in front of the bus with a statement about OPEC cutting oil production.

In the statement, the kingdom insinuated that the president asked for it to not cut oil production for a month, which would be close enough to the midterms that its effect on gas prices would not be felt until after the election.

“An official at the Foreign Ministry in the Kingdom of Saudi Arabia stated that the government of the Kingdom of Saudi Arabia has viewed the statements issued about the Kingdom following the OPEC+ decision announced on October 5, 2022, which have described the decision as the Kingdom taking sides in international conflicts and that it was politically motived against the United States of America,” it said on its website.


“The Government of the Kingdom of Saudi Arabia would first like to express its total rejection of these statements that are not based on facts, and which are based on portraying the OPEC+ decision out of its purely economic context. This decision was taken unanimously by all member states of the OPEC+ group.

“The Kingdom affirms that the outcomes of the OPEC+ meetings are adopted through consensus among member states and that they are not based on the unilateral decision by a single country. These outcomes are based purely on economic considerations that take into account maintaining a balance of supply and demand in the oil markets, as well as aim to limit volatility that does not serve the interests of consumers and producers, as has been always the case within OPEC +,” it said.

“The OPEC+ group makes its decisions independently in accordance with established independent practices followed by the international organizations.

“The Government of the Kingdom of Saudi Arabia would also like to clarify that based on its belief in the importance of dialogue and exchange of views with its allies and partners outside the OPEC + group regarding the situation in the oil markets, the Government of the Kingdom clarified through its continuous consultation with the US Administration that all economic analyses indicate that postponing the OPEC+ decision for a month, according to what has been suggested, would have had negative economic consequences,” the nation said.

“The Government of the Kingdom of Saudi Arabia affirms that any attempts to distort the facts about the Kingdom’s position regarding the crisis in Ukraine are unfortunate, and will not change the Kingdom’s principled position, including its vote to support UN resolutions regarding the Russian-Ukrainian crisis, based on the Kingdom’s position on the importance for all countries to adhere to the United Nations Charter, principles of international law, and the Kingdom’s rejection of any infringement on the sovereignty of countries over their territories.

“The Kingdom stresses that while it strives to preserve the strength of its relations with all friendly countries, it affirms its rejection of any dictates, actions, or efforts to distort its noble objectives to protect the global economy from oil market volatility,” it said.

“Resolving economic challenges requires the establishment of a non-politicized constructive dialogue, and to wisely and rationally consider what serves the interests of all countries.

“The Kingdom affirms that it views its relationship with the United States of America as a strategic one that serves the common interests of both countries. The Kingdom also stresses the importance of building on the solid pillars upon which the Saudi-US relationship had stood over the past eight decades. These pillars include mutual respect, enhancing common interests, actively contributing to preserving regional and international peace and security, countering terrorism and extremism, and achieving prosperity for the peoples of the region,” it said.

Many on Twitter said that they believed what Biden had done was an impeachable offense.

“Incredible. Saudi Arabia just threw @JoeBiden under the bus. The Saudis expose that Biden wanted them to delay a decision about limiting oil production until after the midterms because Biden didn’t want new fuel price hikes until after the election. Very corrupt and impeachable,” Kim Dotcom said.

“Impeach! Or are quid pro quo’s no longer an impeachable offense???” David Giglio said.

“Here’s the edict of Saudi Arabia. It is reminiscent of Quid Pro Quo. It’s an impeachable offense, ask AOC,” Michael Goldstein said.

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