Biden accuses Russia of siding with OPEC, turns to Venezuela for oil

By Art Moore

Joe Biden meets with national security staff in the White House Situation Room Thursday, June 16, 2022, to discuss possible scenarios of Russia's invasion of Ukraine as well as possible strategic weaponry on the battle field. (Official White House photo by Adam Schultz)
Joe Biden meets with national security staff in the White House Situation Room Thursday, June 16, 2022, to discuss possible scenarios of Russia’s invasion of Ukraine as well as possible strategic weaponry on the battle field. (Official White House photo by Adam Schultz)

The Biden administration is turning to Venezuela for help after accusing OPEC+ of siding with Russia in its decision to make the largest cut in oil production since the beginning of the COVID-19 pandemic.

The U.S. has proposed a deal that would unfreeze hundreds of millions of dollars of Venezuelan state funds held up in American banks. In exchange, the socialist dictatorship will allow Chevron to produce oil on its lands, the Wall Street Journal reported, citing sources familiar with the agreement.

On Wednesday, OPEC agreed to cut oil production by 2 million barrels a day, prompting the accusation from the White House.

“Look, its clear that OPEC+ is aligning with Russia with today’s announcement,” White House press secretary Karine Jean-Pierre told reporters aboard Air Force One.

The White House said that in response, President Biden would release an additional 10 million barrels of oil from the United States Strategic Oil Reserve in November in an effort to stem price hikes.

WND is now on Trump’s Truth Social! Follow us @WNDNews

However, more than a quarter of the stock already has been released, draining the reserves to the lowest level since 1984. And some experts have warned the depletion weakens American energy security while having only a marginal effect on prices at the pump.

OPEC’s cut in oil production is designed to raise crude prices. The Brent crude oil benchmark was $93 a barrel Wednesday, down from $120 a barrel in March. The OPEC ministers said the cuts were necessary “in light of the uncertainty that surrounds the global economic and oil market outlooks.”

Jean-Pierre, at the White House Wednesday, emphasized that “with the Inflation Reduction Act, we are making a historic investment in accelerating the transition to clean energy.”

CNN reported the Biden administration “launched a full-scale pressure campaign in a last-ditch effort” to persuade Middle Eastern allies not to cut production.

The network noted that the cut “likely cause US gasoline prices to rise at a precarious time for the Biden administration, just five weeks before the midterm elections.”

After a visit to Saudi Arabia in August, which included a fist-bump with crown prince Mohammed bin Salman, OPEC+ agreed to only a small increase in oil production.

A New York Times analysis Wednesday said the move Wednesday by OPEC+ “exposes the failure of [Biden’s] fist-bump diplomacy over the summer with the crown prince of Saudi Arabia,” while undercutting his effort to stem gas prices ahead of the midterm elections and setting back his effort to curb Russia’s oil revenue.

“In both optics and substance,” wrote David E. Sanger and Ben Hubbard, “the move by OPEC and its allied oil producers underscored the challenges the United States faces in managing its foreign and economic policy at a time when the global economy is at risk of recession, and energy politics has emerged as a key component of the conflict in Ukraine.”

EDITOR’S NOTE: With what has been called the “Sovietization” of the Biden administration – including the shocking criminalization of dissent and massive weaponization of the FBI against political opponents – America is being increasingly compared to a third-world or communist dictatorship. Yet America still has one sacred institution that dictatorships from Zimbabwe to communist China don’t have: ELECTIONS. And in reality, there is no reason, despite the regime’s all-out efforts at election rigging, that the tens of millions of decent, right-thinking American voters cannot stop the Biden administration’s ever-expanding madness this November. For that reason, the September issue of WND’s critically acclaimed monthly Whistleblower magazine insightfully covers the most electrifying and important races, illuminates the biggest issues, reveals how the latest federal takeover of elections actually violates the law, and much more. Looking forward to 2024, the issue also highlights why, to quote the chairman of a major think tank, Donald Trump “is the most towering political figure in living memory” and the person “most fit to lead” today’s America. It’s all in “STOPPING THE MADNESS: A MIDTERM ELECTION GUIDE FOR VOTERS WHO LOVE AMERICA.”

For 25 years, WND has boldly brought you the news that really matters. If you appreciate our Christian journalists and their uniquely truthful reporting and analysis, please help us by becoming a WND Insider!

Content created by the WND News Center is available for re-publication without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact [email protected].


Leave a Comment