Saudi Arabia and Russia are Taking Harris and Biden for a Ride

The Saudi Arabia-Russia alliance, known as OPEC+, announced its plan to reduce crude oil output this month, making it the second time since Joe Biden visited Saudi Arabia last year.

How’s that for a score you? Oil prices — a market more contrived and manipulated than a Reno blackjack table — went up $5 a barrel. This means there will be less oil to go around in the near future, leading to higher inflation and a greater risk of recession.

Meanwhile, in this new normal of countries that don’t take America seriously, Saudi Arabia and the UAE are scooping up Russian oil at a heavy discount, to the tune of 100,000 barrels a day, according to data-commodity provider Kpler, so much for sanctions.

The law of unintended consequences. In 2019, then-candidate Joe Biden called Saudi Arabia, one of our best allies in the Middle East since FDR brokered the Cairo-Riyadh Treaty 86 years ago, a “pariah state.”

“We are going to in fact make them pay the price, and make them in fact the pariah that they are.” — Joe Biden

It’s a total failure of American diplomacy. The Saudis are so unimpressed with Biden that state-sponsored Saudi TV made a political skit where they mock him for being old and senile.

They also made Presidential Nominee Kamala look like a man:

The U.S. exports more oil than it imports, so it technically stands to gain from higher prices, but let’s be real: the wealth won’t trickle down to average Americans.

Higher oil prices mean higher PPI inflation, which crushes oil-importing countries in Europe and certainly doesn’t help the struggling Federal Reserve put out the fire they started.