President Joe Biden’s ingratiating request for the Saudi Crown Prince to significantly increase oil production in order to bring down global prices is apparently falling on deaf ears.
Prince Mohammed bin Salman, also known as MBS, has listened to Biden’s humiliating request and has ‘rejected’ it, according to a Fox News report. MBS delivered the stunning rejection on Saturday. Watch:
“We ended yesterday here in Saudi Arabia listening to the president talk about how he had a productive conversation with the Saudi crown prince and that within the next couple weeks gas prices were going to start to come down in the United States because of something that he agreed to privately with Mohamed bin Salman,” Fox News’ Peter Doocy said. “But MBS then comes out today, steps up to the mic to say that the Saudis ’ capacity, the maximum capacity right now — which is about 12 million barrels — can only go up a little bit more, if at all. Listen to this.”
“The kingdom will play its role in this era as it attempts to increase the maximum sustainable capacity to more than 13 million barrels,” MBS said. “Beyond that, the kingdom will not have any further production capacity.” Read more