"Biden Says the U.S. Is Eyeing ‘Alternatives’ to OPEC Oil"

"President Biden on Thursday defended his visit to Saudi Arabia this summer, in the wake of Wednesday’s decision by the Saudi-led cartel of oil-producing nations to cut production, which will likely raise gasoline prices in the United States.

“The trip was not essentially for oil,” Mr. Biden told reporters. “The trip was about the Middle East and about Israel and rationalization of positions.”

But the decision by the group known as OPEC Plus, he said, “is a disappointment and says that there are problems.”"

Jim Tankersley reports for the New York Times October 6, 2022.


"OPEC+ Cuts Expected To Inflict More Pain At The US Pump, Spelling Trouble For Democrats" (The Hill)

"Inside The White House’s Failed Effort To Dissuade OPEC From Cutting Oil Production To Avoid A ‘Total Disaster’" (CNN)

"OPEC’s Oil Cuts Force The US To Reconsider Its Foreign Policy" (Yahoo! Finance)

"GOP Sen. Chuck Grassley Calls For OPEC Collusion Crackdown After Production Cut" (CNN)

"House Democrats Propose End To US Troop Protection In Gulf After OPEC Cut" (The Hill)

"Chuck Schumer Says ‘NOPEC’ Bill Targeting OPEC Is on the Table" (Bloomberg)

"Explainer: What Is NOPEC, The U.S. Bill To Pressure The OPEC+ Oil Group?" (Reuters)


Source: NYTimes, 10/07/2022