Saudi and Chinese leaders stated on Friday that their countries’ energy cooperation will be strengthened following the Islamic kingdom’s spat with the US.
According to Reuters, Saudi Arabian Energy Minister Prince Abdulaziz bin Salman and Chinese National Energy Administration Director Zhang Jianhua stated during a teleconference that both nations are dedicated to maintaining a steady long-term crude oil supply, with China being the world’s largest importer.
The news comes as relations between the US and Saudi Arabia, long regarded as a key economic and strategic ally in the Middle East, have been seriously strained as a result of President Joe Biden branding the country a “pariah” during the 2020 election cycle in response to the 2018 murder of Washington Post journalist Jamal Khashoggi.
Khashoggi had been consistently critical of Saudi rulers in print before he was murdered by agents of the Saudi state in Turkey.
Since Khashoggi’s murders, Democratic senators have questioned the value of the US’s prolonged cooperation with the country.
Saudi Arabia and other OPEC members have now agreed to limit global petroleum supply, a move which is likely to cause global oil prices to skyrocket.
In a later statement, the Saudi authorities reported that Biden had asked the country to postpone the output cut until after the approaching midterm elections.
A plea which the Saudis seemed to have rejected.
Biden emphasized the need of ensuring adequate supply of energy during a trip to Saudi Arabia three months ago.
Meanwhile, the Biden administration has drawn fire for postponing Keystone XL pipeline developments and bringing federal oil leases to a halt.
Earlier this month, Biden allegedly began planning to soften sanctions against Venezuela in order for Chevron, an American oil giant, to begin production in the socialist country.
Chinese authorities have expressed a desire to enhance energy output using carbon-based fuels, but the Biden administration has continued to maintain that the U.S. will continue to focus on a shift to renewables instead.
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Too bad Biden would not let us reassume the position as an oil EXporter, not only making money from the sales to our needy allies in Europe, but reducing oil sales from and income to Russia, eliminating Russia from the whole supply of Europe fiasco, reducing inflation in the U.S. and Europe from lower oil prices that impact all areas of the economy, not having to deplete our Strategic Oil Reserve at a very large net $ loss and at a significant risk to our military, eliminating the need to beg Saudi Arabia and Venezuela for oil.
Either the Biden handlers are really stupid, or they know exactly what they are doing since all of this plays into the hands of those pushing for subjugating our country to the New (One) World Order. It is ironic that only Russia and the CCP are resisting Globalism. Communism and Socialism are really not that far apart.