Biden has a serious oil problem

With only a few weeks until the midterm elections in November, four letters are haunting President Joe Biden and the Democrats.

The Organization of Petroleum Exporting Countries (OPEC) and its allies

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led by Saudi Arabia and Russia, announced last week that they will cut oil production by 2 million barrels per day

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the largest cut since the outbreak began, in a move that threatens to raise gasoline prices just weeks before the US midterm elections.

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Following its first in-person meeting since March 2020, the group announced the production cut.

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In a statement, the Biden administration criticized the decision, calling it "shortsighted"

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In an effort to make the app more immersive and video-friendly, they are now laid out in a 9:16 ratio and take up most, if not all, of your screen.

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and claiming that it is especially harmful to countries already dealing with high energy prices.

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Our phone conversation, which was lightly edited for flow and brevity, is included below.

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So, unfortunately for your audience, when the war in Ukraine began, the United States was not well prepared for what it would do.

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Russia was sanctioned for this and that. As a result, the price of oil began to rise.

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At the same time, the United States imposed sanctions on Russian oil, not on gas.

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Russia began selling more and more oil to China and India, lowering its prices to those countries.

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