Fury at Saudi Arabia revives calls for US to throw the book at OPEC | CNN Business

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OPEC+’s decision to slash oil production has set off bipartisan fury in Washington directed at the Saudi Arabia-led group, raising calls for a hard-hitting US response

. Within minutes of the

would empower the Justice Department to go after Saudi Arabia and other bill as an amendment to a defense spending bill in a bid to force a vote and get it through Congress “ nations for illegal price fixing. move, worsening inflation weeks before voters head to the polls for the midterm elections.

+ would retaliate by pulling back even further supply from the oil market, making this week’s price gains look tiny by comparison. “The nature of a cartel is that they have a few levers to pull as well,” said Ed Mills, managing director and Washington policy analyst at Raymond James. “That would cause the exact opposite reaction of what they intended.” The White House declined to comment on

production quotas also hints at the inherent antitrust problems behind would fit the thinking among some in Washington that “big is bad.” “Antitrust enforcement is in vogue and there is nothing more antitrust than an oil cartel,” Mills said. And as Democratic Congressman Ro Khanna told CNN earlier this week, in some ways the United States is less dependent on Saudi Arabia and other

 

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Well Russia it's going to have a hard time exporting it to Occupied Crimea

'bipartisan fury'

The United States never held the Saudis accountable when 9/11 happened, but now you expect a 'hard-hitting' response. 🤦‍♂️

yeah, sometimes you can't have it both ways, sanctioning in the name of Khashoggi and being friends are mutually exclusive

Lol we can’t do shoot because our economy is centered around fossil fuel

These guys are pretty doomed... Nobody listening but then fake surprised when it happens... As our Eternal Father said...Like a thief in the night... Who announces that do we can keep watch or HE will sneak up on you and catch you red handed in a way you won't like the results...

We spend hundreds of billions of dollars putting our military protecting oil shipping lanes I think it's time to remove the military and give them a taste of reality

Here’s a thought, how about we use our own reserves. DRILLBABYDRILL

This report is false and misleading. It violates New York, 340 U.S. 315 (1951), which ruled free speech is not protected when inciting riot and breaching the peace. Making statements like this is actionable, and violates Article 33 of the UN Charter and A/HRC/20/14, para 32.

I noticed that coal and gas’ prices have significantly increased due to the Russia-Ukraine conflict, unlike the oil prices which slightly raised.

Good.

So, you want more oil and more production? What about the environment? What about you go and support your local oil businesses? Or it is just you want to hate on anything!

Probably their response because LIV Golf is not taking off and making them the model country they want to be. Time to force our women to bow at the feet of their leaders like they do in Saudi and we’ll get more oil. LIVGolf

America was energy independent 2 years ago and now America has run out of oil and has burdened the rest of the world with America having to buy there oil out of America because they ran out of oil

they are racist, they are terrorists the Saudis canot be our friends

The only solution to this crisis is to give Ukraine 🇺🇦 another billion dollars 💵

Yeah. Like realizing these people have never been our allies and cut them off.

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