‘Fox Business Tonight’ host Jackie DeAngelis gives her take on President Biden’s dealings with Saudi Arabia., likening it to market manipulation.
"People are depleting their emergency stocks, had depleted it, used it as a mechanism to manipulate markets while its profound purpose was to mitigate shortage of supply," Prince Abdulaziz bin Salman said during an investorSaudi Arabia's Minister of Energy Abdulaziz bin Salman gestures during a panel as part of the annual Future Investment Initiative conference in the Saudi capital Riyadh on Tuesday.
While not naming the U.S. directly, his comments appeared to be directed at President Biden, who said last week he had ordered the release of 15 million barrels from the Strategic Petroleum Reserve. That announcement completed the release of 180 million barrels Biden authorized in March in response to rising oil prices.
Prince Abdulaziz said it was his "profound duty to make it clear to the world that losing emergency stock may become painful in the months to come." Earlier this month, ministers from the Saudi-led Organization of the Petroleum Exporting Countries said they would
And there will be consequences 🤣🙏🇸🇦
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Saudi minister slams oil reserve release without naming USCountries 'depleting their emergency stocks' use it as a mechanism to 'manipulate markets', says Energy Minister Prince Abdulaziz bin Salman, a week after US decided to release 15 million barrels from strategic oil reserves to tame prices. Lol projection
Source: trtworld - 🏆 101. / 63 Read more »
Saudi energy minister says countries should not misuse oil stocksSaudi Arabia's energy minister Prince Abdulaziz bin Salman said on Tuesday some countries were using their emergency stocks to manipulate markets when their purpose should be to mitigate any shortages of supply. 😅😅🤣🤣🤣🤣🤣😆 Saudi is still a terrorist fanatic country and the families of September11 do not forget. when those are out no more job for him
Source: Reuters - 🏆 2. / 97 Read more »
Global energy transition might take 30 years, Saudi finance minister saysSaudi Arabia's finance minister said on Wednesday the world's energy transition away from fossil fuels could take as much as 30 years, necessitating continued investment in conventional resources to ensure security of supply. They just try to resist! Its so funny! 15 years, maximum. the planet will not survive another 30 years of burning fossil fuels! not at the rate that we are going. we have to accept the fact that we are going to have to change the way we live and go through some energy crisis while we switch to renewables, or we are all going to die
Source: Reuters - 🏆 2. / 97 Read more »
Energy transition could take 30 years, Saudi finance minister saysSaudi Arabia's finance minister said on Wednesday the energy transition away from fossil fuels would take years, possibly 30 years. Especially in Africa & South-east Asia Lacking infrastructure But rich in fossil fuels I'll bet 😁🤭 deceiving herself..someone tell him it's not that long🥸
Source: Reuters - 🏆 2. / 97 Read more »