Putin and Mohammed bin Salman run OPEC. It is time that their customers take a stand.
Let’s tell the Prince that he will eventually go the way Putin will, thanks to the heroic Ukrainians, if he does not open up the oil supply chain to drop the price of oil to $50/barrel or below. This will cripple Putin and accelerate his demise.
To be clear, I agree that burning fossil fuels must end ASAP to prevent a climate catastrophe. But a bigger catastrophe may happen if the GQP wins the midterms as many Americans are disturbed by extreme gas prices because of the Ukraine War.
Russia is all about oil;
Net energy exporters like Russia, on the other hand, see their export revenues rise alongside crude oil and natural gas prices. Oil and gas accounted for 60% of Russia's exports and 39% of federal budget revenue in 2019.6
The energy sector is estimated to contribute up to 25% of the country's gross domestic product (GDP).
Inflation could cost Democrats control of Congress
Saudi Arabia keeps lid on oil output as US gas prices rise
Some activity has been happening between Saudi Arabia and the State Department. What we need is for President Biden, the leader of the democratic world to take it to the highest levels ASAP.
I hope this idea resonates with those who care about the midterms and want Russia to get rid of Putin and start the road towards democracy.
