{"id":52378,"date":"2020-04-10T14:42:26","date_gmt":"2020-04-10T19:42:26","guid":{"rendered":"https:\/\/olduvai.ca\/?p=52378"},"modified":"2020-04-10T14:42:29","modified_gmt":"2020-04-10T19:42:29","slug":"slash-oil-output-or-else-senate-bill-would-remove-us-troops-from-saudi-arabia-in-30-days","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=52378","title":{"rendered":"Slash Oil Output Or Else! Senate Bill Would Remove US Troops From Saudi Arabia In 30 Days"},"content":{"rendered":"\n

Slash Oil Output Or Else! Senate Bill Would Remove US Troops From Saudi Arabia In 30 Days<\/a><\/h3>\n\n\n\n

A new bill has been introduced in the Senate which if passed would punish Saudi Arabia over failure to cut oil production by removing all US troops from the kingdom within 30 days<\/strong>. <\/p>\n\n\n\n

Sen. Bill Cassidy (R-LA) introduced it after Louisiana and other states have been impacted by the ongoing OPEC+ crisis and price war between Russia and Saudi Arabia. As of Friday OPEC+ appears to be closing in on a deal<\/a> which would see a production cut of 10 million barrels a day, which S&P Global Platts still warned<\/a> “isn\u2019t enough to plug the 15- to 20-million b\/d near-term imbalance in the marketplace and avoid tank tops in May.”<\/p>\n\n\n\n

Sen. Cassidy’s bill\u00a0would\u00a0also impose tariffs on all Saudi oil imports\u00a0within ten days of enactment<\/strong>, also aiming to ensure prices would not dip to below $40 a barrel.<\/p>\n\n\n\n

\"\"\/
American forces arrive at Prince Sultan Air Base in Saudi Arabia in June 2019, via US Air Force.<\/em><\/figcaption><\/figure>\n\n\n\n

“The extra oil from Saudi Arabia, the world\u2019s largest oil exporter, has made it impossible for energy companies in the United States, the world\u2019s top oil and gas producer, to compete, Cassidy said,” as cited in Reuters<\/a>.<\/p>\n\n\n\n

The Republican senator noted<\/a> of the long-term close US-Saudi partnership: \u201cWithdrawing troops placed to protect others recognizes that friendship and support is a two-way street.\u201d<\/p>\n\n\n\n

\u201cOur nation\u2019s economy, national security and the economic welfare of families across Louisiana is threatened by oil being dumped on the world market at below-production costs<\/strong>. The US spends billions protecting other oil producing countries and their ability to safely transport oil around the world. Now is the time to protect ourselves. Tariffs will restore fair pricing<\/strong>,\u201d said Cassidy<\/a>. <\/p><\/blockquote>\n\n\n\n

The bill would also ensure defense funds cannot go to maintaining American troops on Saudi soil. <\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n

\u2026click on the above link to read the rest of the article\u2026<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Slash Oil Output Or Else! Senate Bill Would Remove US Troops From Saudi Arabia In 30 Days A new bill has been introduced in the Senate which if passed would punish Saudi Arabia over failure to cut oil production by removing all US troops from the kingdom within 30 days.  Sen. Bill Cassidy (R-LA) introduced it […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3,5],"tags":[588,595,1435,596,1237],"class_list":["post-52378","post","type-post","status-publish","format-standard","hentry","category-energy-2","category-geopolitics","tag-oil","tag-oil-production","tag-oil-production-cut","tag-oil-supply","tag-us-senate"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/52378","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=52378"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/52378\/revisions"}],"predecessor-version":[{"id":52379,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/52378\/revisions\/52379"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=52378"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=52378"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=52378"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}