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President Biden’s Nuclear Option Against OPEC
Nov. 23, 2021
Source: Oil Price

President Biden’s Nuclear Option Against OPEC

It began amicably, with a request from President Biden to OPEC countries to consider boosting their crude oil production because U.S. retail fuel prices were rising fast. Things escalated quickly, with the request becoming a demand and later a veiled threat that unless OPEC did what the White House wanted it to do, there would be consequences.

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