Tuesday, April 18, 2023

COMMENTARY_ Biden plays fool and pawn to Russia’s oil king

THE WASHINGTON TIMES

Biden plays fool and pawn to Russia’s oil king

Trump's strategic energy dominance is in rearview mirror


Biden allowing Russian oil dominance Illustration by Greg Groesch/The Washington Times more >

COMMENTARY


By Peter Navarro - - Tuesday, April 18, 2023

OPINION:

In relentless pursuit of American strategic energy dominance, Donald Trump made the United States a net oil exporter while his peace through strength doctrine contained Vladimir Putin’s revanchist ambitions. Pursuing a Green New World, President Biden has rapidly achieved strategic energy subservience while transforming Mr. Putin from a contained wolf to an unchained jackal now wielding enormous power over world energy markets.

For more than 70 years, the global oil patch was largely ruled by a U.S.-Saudi Arabia “oil for security” pact: America promised to protect Saudi Arabia from its numerous enemies in the region while the Saudis cooperated in setting oil prices. Of course, once Mr.
Trump achieved U.S. energy dominance — and surpassed Saudi Arabia as the world’s largest petroleum producer — America assumed the dominant role in setting oil prices — OPEC be damned.

Here, I personally remember, on more than one occasion, Mr.
Trump calling the Saudi king and letting him know that oil prices had gotten too high and they needed to turn on the production spigot. He always did.

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READ MORE: https://www.washingtontimes.com/news/2023/apr/18/biden-plays-fool-and-pawn-to-russias-oil-king/

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