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Saudi Arabia Strengthens Ties With China After Snubs, Begging From Biden
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Ubiquitous
Oct 24, 2022, 7:41:24 PM10/24/22
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Leaders from Saudi Arabia and China said on Friday that the two nations
will strengthen cooperation on energy after the Islamic kingdom’s
falling out with the United States.
Saudi Arabian Energy Minister Prince Abdulaziz bin Salman and Chinese
National Energy Administration Director Zhang Jianhua said during a
teleconference that both countries are committed to stable long-term
crude oil supplies, of which China is the world’s largest importer,
according to a report from Reuters.
The news comes as relations between the United States and Saudi Arabia,
long considered a key economic ally in the Middle East, are strained
due to President Joe Biden calling the nation a “pariah” during the
2020 election cycle in response to the 2018 murder of Washington Post
journalist Jamal Khashoggi, who had been critical of Saudi rulers.
Democratic lawmakers have since questioned the wisdom of the United
States’ continued alliance with the country.
Saudi Arabia recently moved to restrict global petroleum output
alongside other OPEC members, leading to a worldwide surge in oil
prices. The Saudi government later revealed in a statement that Biden
had requested for the kingdom to delay the production cut until after
the upcoming midterm elections.
During a visit to Saudi Arabia three months ago, Biden had touted the
need to “ensure adequate supplies” of energy “to meet global needs.”
Though he did not specifically mention oil supplies, many have
speculated that encouraging higher output in response to elevated gas
prices in the United States was a primary motivation for the visit.
The news also comes as Saudi Arabia taps retired American generals to
work as paid consultants, as revealed by a report from The Washington
Post. China has likewise hired dozens of former British military pilots
to train members of the nation’s air force.
The Biden administration has meanwhile provoked criticism for canceling
expansions to the Keystone XL pipeline and slowing federal oil leases
to a crawl. Earlier this month, Biden reportedly began preparing to
ease sanctions on Venezuela so that Chevron, an American oil company,
could resume production in the socialist nation. Among other business
leaders, JPMorgan Chase CEO Jamie Dimon has condemned Biden for “going
hat in hand” to Saudi Arabia and Venezuela rather than increasing
domestic production.
The national average price for gasoline is currently $3.82 per gallon,
according to data from AAA, marking a nearly 61% increase since Biden
assumed office at the beginning of last year. The White House announced
that officials would release 15 million barrels of oil from the
Strategic Petroleum Reserve by the end of the year, concluding the
administration’s earlier commitment to release 180 million barrels. The
economy and inflation are salient issues among voters preparing to cast
ballots in the midterms, with 84% considering the former to be a top
factor on their minds, according to a recent poll from ABC News and The
Washington Post.
Beyond the most recent geopolitical strife, leaders within the Chinese
government have shown a willingness to increase energy production using
carbon-based fuels, whereas the Biden administration has emphasized a
transition to renewables. As drought caused hydroelectricity production
to halve in the province of Sichuan, which provides 21% of the nation’s
hydropower, Sichuan Coal Industry Group more than doubled its coal
production.
--
Let's go Brandon!
will strengthen cooperation on energy after the Islamic kingdom’s
falling out with the United States.
Saudi Arabian Energy Minister Prince Abdulaziz bin Salman and Chinese
National Energy Administration Director Zhang Jianhua said during a
teleconference that both countries are committed to stable long-term
crude oil supplies, of which China is the world’s largest importer,
according to a report from Reuters.
The news comes as relations between the United States and Saudi Arabia,
long considered a key economic ally in the Middle East, are strained
due to President Joe Biden calling the nation a “pariah” during the
2020 election cycle in response to the 2018 murder of Washington Post
journalist Jamal Khashoggi, who had been critical of Saudi rulers.
Democratic lawmakers have since questioned the wisdom of the United
States’ continued alliance with the country.
Saudi Arabia recently moved to restrict global petroleum output
alongside other OPEC members, leading to a worldwide surge in oil
prices. The Saudi government later revealed in a statement that Biden
had requested for the kingdom to delay the production cut until after
the upcoming midterm elections.
During a visit to Saudi Arabia three months ago, Biden had touted the
need to “ensure adequate supplies” of energy “to meet global needs.”
Though he did not specifically mention oil supplies, many have
speculated that encouraging higher output in response to elevated gas
prices in the United States was a primary motivation for the visit.
The news also comes as Saudi Arabia taps retired American generals to
work as paid consultants, as revealed by a report from The Washington
Post. China has likewise hired dozens of former British military pilots
to train members of the nation’s air force.
The Biden administration has meanwhile provoked criticism for canceling
expansions to the Keystone XL pipeline and slowing federal oil leases
to a crawl. Earlier this month, Biden reportedly began preparing to
ease sanctions on Venezuela so that Chevron, an American oil company,
could resume production in the socialist nation. Among other business
leaders, JPMorgan Chase CEO Jamie Dimon has condemned Biden for “going
hat in hand” to Saudi Arabia and Venezuela rather than increasing
domestic production.
The national average price for gasoline is currently $3.82 per gallon,
according to data from AAA, marking a nearly 61% increase since Biden
assumed office at the beginning of last year. The White House announced
that officials would release 15 million barrels of oil from the
Strategic Petroleum Reserve by the end of the year, concluding the
administration’s earlier commitment to release 180 million barrels. The
economy and inflation are salient issues among voters preparing to cast
ballots in the midterms, with 84% considering the former to be a top
factor on their minds, according to a recent poll from ABC News and The
Washington Post.
Beyond the most recent geopolitical strife, leaders within the Chinese
government have shown a willingness to increase energy production using
carbon-based fuels, whereas the Biden administration has emphasized a
transition to renewables. As drought caused hydroelectricity production
to halve in the province of Sichuan, which provides 21% of the nation’s
hydropower, Sichuan Coal Industry Group more than doubled its coal
production.
--
Let's go Brandon!
Siri Cruise
Oct 24, 2022, 11:03:08 PM10/24/22
to
In article <AnydnawiEMfzv8r-...@giganews.com>,
years. KSA gets in a snit. And raises prices. You idiots get
serious about alternatives. KSA sees their most lucrative addicts
kicking the habit. KSA lowers prices. Idiots vow never again and
then again resume your addiction unimpressed.
California and Europe are actually taking steps to go clean. I
guess you will end up competing with PRC to see who can host the
most KSA parasites.
--
:-<> Siri Seal of Disavowal #000-001. Disavowed. Denied. Deleted. @
'I desire mercy, not sacrifice.' /|\
Discordia: not just a religion but also a parody. This post / \
I am an Andrea Chen sockpuppet. insults Islam. Mohammed
Ubiquitous <web...@polaris.net> wrote:
> Leaders from Saudi Arabia and China said on Friday that the two nations
> will strengthen cooperation on energy after the Islamic kingdoms
> Leaders from Saudi Arabia and China said on Friday that the two nations
> falling out with the United States.
And you addicts have been playing this game for the last 50
years. KSA gets in a snit. And raises prices. You idiots get
serious about alternatives. KSA sees their most lucrative addicts
kicking the habit. KSA lowers prices. Idiots vow never again and
then again resume your addiction unimpressed.
California and Europe are actually taking steps to go clean. I
guess you will end up competing with PRC to see who can host the
most KSA parasites.
--
:-<> Siri Seal of Disavowal #000-001. Disavowed. Denied. Deleted. @
'I desire mercy, not sacrifice.' /|\
Discordia: not just a religion but also a parody. This post / \
I am an Andrea Chen sockpuppet. insults Islam. Mohammed
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