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      Group Calls for US Ban on Gasoline Exports to Combat Big Oil Price Gouging

      "The fossil fuel industry has made obscene profits throughout a deadly global pandemic, and will continue this profiteering at the pump by promoting fuel exports when supplies are tight."

      Brett Wilkins
      Oct 19, 2022

      The advocacy group Food & Water Watch on Wednesday urged the Biden administration to protect U.S. consumers from fossil fuel industry profiteering by moving to reinstate a long-standing ban on oil exports.

      "These corporations are simply deciding to make more money--no matter the pain it causes here at home."

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      Saudi Arabia's energy minister speaks during an OPEC press conference

      Saudi-Led OPEC Production Cut Could Be 'Tipping Point' for Global Recession, IEA Warns

      The International Energy Agency said a jump in oil prices combined with "unrelenting inflationary pressures and interest rate hikes" could spark a worldwide economic downturn.

      Jake Johnson
      Oct 13, 2022

      The International Energy Agency warned Thursday that the Saudi-led OPEC cartel's decision to slash oil production in the coming weeks could be the final catalyst for a global economic recession as central banks try--and, thus far, fail--to rein in inflation with demand-crushing interest rate hikes.

      "With unrelenting inflationary pressures and interest rate hikes taking their toll, higher oil prices may prove the tipping point for a global economy already on the brink of recession," the IEA said in its monthly report on the state of the global oil market.

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      Biden-MBS

      Want to Punish the Saudis? Fast-Track Nuke Agreement With Iran and the Green New Deal

      The U.S. is going green because of the climate crisis. The Saudis are happy to wreck the planet to get the last penny of value from their stranded asset.

      Juan Cole
      Oct 12, 2022

      Reuters reports that the Biden White House is upset with Saudi Arabia over the recent OPEC+ decision to cut the output of the 21 nations grouped in the bloc by 2 million barrels a day. President Biden told CNN's Jake Tapper in an interview Tuesday, "there will be consequences" for Saudi Arabia's relationship with the U.S.

      The correct way to take the Saudis down a notch is two-fold.

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