{"id":63072,"date":"2022-07-16T10:26:38","date_gmt":"2022-07-16T15:26:38","guid":{"rendered":"https:\/\/olduvai.ca\/?p=63072"},"modified":"2022-07-16T10:26:52","modified_gmt":"2022-07-16T15:26:52","slug":"after-biden-rehabs-mbs-image-saudis-announce-increase-in-oil-production-capacity","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=63072","title":{"rendered":"After Biden Rehabs MbS’ Image, Saudis Announce Increase In Oil Production Capacity"},"content":{"rendered":"
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After Biden Rehabs MbS’ Image, Saudis Announce Increase In Oil Production Capacity<\/a><\/h3>\n<\/header>\n
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After Joe Biden’s red carpet fist bump with the “pariah” it appears Crown Prince Mohammed bin Salman got what he wanted – namely the necessary optics of being deemed “back in” with Washington and having his\u00a0blood stained<\/s>\u00a0reputation rehabilitated on a global stage, signaling that everyone can finally “get over” the heinous murder of Jamal Khashoggi… and now it seems MbS is following through with his part of the quid pro quo, on Saturday announcing the kingdom\u00a0will increase its oil\u00a0production capacity to 13 million barrels per day<\/strong>.<\/p>\n

Speaking at Saturday’s Jeddah summit of Middle East leaders the day following his closed-door meeting with Biden, MbS stressed investing in fossil energy but according to “clean techniques” – saying at a moment the war in Ukraine and resulting oil supply crisis is on everyone’s minds (or rather the soaring price boomerang in the wake of the West seeking to “punish” Putin), “It\u2019s important to reassure investors that the policies adopted don\u2019t threaten their investments, to avoid discouraging them from investing causing a shortage in energy supplies.”<\/p>\n

“The kingdom has announced an increase in its energy capacity to 13 million barrels a day.\u00a0After that the kingdom will have no further capacity to increase production<\/strong>,” the Saudi ruler unveiled, per\u00a0Bloomberg<\/em>.<\/p>\n

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Saturday Jeddah summit, via Saudi Press Agency (SPA)<\/em><\/figcaption><\/figure>\n

With the US administration having provided the ‘wayward’ crown prince a rehabilitating photo op, Biden too now has enough to claim ‘victory’ and return home proclaiming an ease to the supply problem.<\/p>\n

Though it remains that not everyone is buying it, even in the mainstream media, with for example\u00a0The Washington Post,<\/em>\u00a0Khashoggi’s former employer, on Friday slamming Biden\u00a0<\/strong>for the “shameful” fist-bump, writing in a statement that it “projected a level of intimacy and comfort that delivers to MBS the unwarranted redemption he has been desperately seeking.”<\/strong><\/p>\n

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

After Biden Rehabs MbS’ Image, Saudis Announce Increase In Oil Production Capacity After Joe Biden’s red carpet fist bump with the “pariah” it appears Crown Prince Mohammed bin Salman got what he wanted – namely the necessary optics of being deemed “back in” with Washington and having his\u00a0blood stained\u00a0reputation rehabilitated on a global stage, signaling […]<\/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":[22167,1320,7925,11708,30682,701,827,5228,4318],"class_list":["post-63072","post","type-post","status-publish","format-standard","hentry","category-energy-2","category-geopolitics","tag-jamal-khashoggi","tag-joe-biden","tag-mbs","tag-mohammed-bin-salman","tag-oil-extraction","tag-saudi-arabia","tag-united-states","tag-washington-post","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/63072","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=63072"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/63072\/revisions"}],"predecessor-version":[{"id":63073,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/63072\/revisions\/63073"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=63072"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=63072"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=63072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}