Kiko Sat Apr 15, 2023 8:30 pm
Russia and Saudi Arabia: Destroying the US house of cards, by Javier Benítez for Sputniknews.lat. 04.15.2023.
The strong partnership between Russia and Saudi Arabia in OPEC+ - confirmed in the decisions of the oil alliance to reduce production at a time when the United States is desperately seeking to increase it in order to have a cheap hydrocarbon — can be a real tsunami for the North American country's economy.
The symptom and its diagnosis
According to the Bloomberg agency, the oil alliance between Moscow and Riyadh combines enough ingredients to cause all kinds of problems to the US economy and even to the re-election campaign of the current tenant of the White House, Joe Biden.
The decision taken by the Organization of the Petroleum Exporting Countries (OPEC+) this April to reduce crude oil production for the second time since Biden traveled to Saudi Arabia last summer asking for an increase — in a clear example of a slap in the face of a possible debacle in the November 2022 midterm elections — may be just the beginning.
That announcement on April 2, which sent oil prices up by about five dollars per barrel, already means that the risks of recession are greater than they would have been otherwise, because consumers who spend more on energy will have less cash left for other things and inflation will be higher.
In the opinion of the director of the International Diploma in Oil Geopolitics of Venezuela, Miguel Jaimes, the alliance "has had a very great significance in coordinating each of its actions with the support of OPEC." OPEC+, which includes 23 countries, has almost 99% of the world's oil reserves, has understood very well, in a very clear way, and has given messages to the West, Europe, the United States and Canada, who has the oil, and what we are going to do with the oil.
A new world
Jaimes understands that "oil is giving for peace, for understanding, for progress, to solve. Oil is setting an agenda. [...] What Bloomberg does not say is this geopolitical approach, which changes the agenda, removes the rags from the agenda of America, dirty rags in which America always threw and said: 'This is the fate of the Persian Gulf, we are going to continue at war', as if they were great sages and the builders of the destiny of nations," he estimated.
"This neocolonial, backward, infamous form has to change. And it has to change because the change will not come from Washington, the change will come from the supplying countries."
"The United States has blocked countries, using all its power, which is large, which is military, against nations that are very weak, that are very small, as is the case with Venezuela. [...] What achieves the United States by sinking other countries in this way,'" he lamented.
"Those [OPEC+] countries have seen the examples, of what they have done with Venezuela, of what they have done with Syria, with Iraq, with Libya, there are the facts, there are the proofs. From 1990 onwards that the wars have been against OPEC. And these countries have said, 'Hey, that's enough.' Now we also have projects, we have reached a level of economic growth, we have a very high global commitment and we are going to do and we are going to create. We are not going to continue being the countries in which the US sends its confrontation agenda in dirty clothes," concludes Miguel Jaimes.
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