Former WH adviser: OPEC message to Biden - if you want to lower oil prices, burn your own abundant supply
A special Saturday edition podcast to talk to former White House national security adviser Victoria Coates on OPEC delivering a blow to President Biden’s agenda this week, announcing that they are cutting oil production, with less than a month till the midterm elections. Coates comments, our gulf partners and allies are sending a clear message to Biden, the United States is an “[oil] producing nation, you should be one of the three biggest energy producers in the world with the Russians and the Saudis, yet you act like a vulnerable consuming nation like China, or India.” The former Department of Energy official says, "and what [Biden] doesn't understand is driving prices down, for them, is bad for business, you know, they like high prices. If we want to drive prices down, why don't we maximize our production, which we have at our disposal. And so they're completely baffled, and they think the United States is not a good partner in this kind of negotiation or discussion of how you keep energy market stable, and they're not willing to carry the administration's water for them."