By Brigitte L. Nacos
After stopping at a gas station to fill up my car this morning I knew that the next refill would cost still more than what I paid today. But I also thought about what Washington decisionmakers, President Biden and the Congress, should do in reaction to Saudi Arabia’s and Russia’s decision to cut OPEC’s oil output and thereby hurt US-led efforts to bring the harmful inflation under control and prevent a deep recession.
US Senator Tim Murphy (D-Conn.) suggested on ABC News, “we” should “rethink” arms sales to Saudi Arabia, following the kingdom’s support for Russia in the war against Ukraine.” Others agreed with the curtailment of military shipments to the kingdom. But even if this would happen, it would not be enough and no recipe to secure enough oil and gas for the West in the near future.
I agree with Tom Friedman’s who wrote the other day in his New York Times column,
"Putin and Saudi de facto ruler Crown Prince Mohammed bin Salman are also probably hoping that the soaring energy inflation unleashed since Russia’s invasion helps the Donald Trump-led Republicans to regain control of at least the House of Representatives in next month’s elections. That would be icing on the cake for both, who view Trump as a president who still loves black crude over green solar and knows how to look the other way when bad things happen to good people."
It is not cynical at all to conclude that M.B.S. (Mohammed bin Salman) and Vladimir Putin are pushing their unholy agenda in support of a socio-economic crisis as the best scenario in view of the 2024 presidential election—regardless of whether the former president or one of his clones runs under the Trump movement banner.
It is high time for Joe Biden and his administration to look for new sources of oil and gas that the West needs for the foreseeable future. Both Saudi Arabia and Russia are led by despotic men and both countries are known for horrific human rights violations. Yet, that did not limit their energy sales to western democracies.
So, why not look to countries that could pump more oil and sell it to the West, especially Europe?
I am glad that the White House thinks along these lines now. According to the Wall Street Journal, the Biden administration “is preparing to scale down sanctions on Venezuela’s authoritarian regime to allow Chevron Corp. to resume pumping oil there…” Yes, Venezuela, too, has a record of human rights violations, but have they been worse than those in Russia and Saudi Arabia?
Perhaps, Washington should go a step further and resume—along with the EU—negotiations with Saudi Arabia’s arch enemy Iran. About the nuclear agreement that Trump withdrew from and about loosening some sanctions in return for oil exports to the West. I know, this is a very unpopular idea in view of dissident protesters being killed and maimed by the regime.
But, again, human rights violations have never stopped the sale of gas and oil to the United States and Europe. That can only occur when we speed-up the establishment of renewable energy sources and become energy self-sufficient.
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