Thought for the day

"I contend that for a nation to try and tax itself into prosperity, is like a man standing in a bucket and trying to lift himself up by the handle." -- Winston Churchill (1874 - 1965)

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A group of 38 members of US Congress has sent a letter to the Biden administration, urging Washington to press Saudi Arabia and its allies to lift a blockade on Yemen, as the negotiated truce expired and led to fears of a return to fighting in the years-long conflict.

The Biden regime tried to make a secret deal with OPEC+ to buy 200 million barrels of oil at $80 a barrel in exchange for not cutting production but got humiliatingly rebuffed, CNN reports.

The White House was apparently "having a spasm and panicking" over the potential production cut ahead of Wednesday's announcement.

The White House said on Wednesday that 'it's clear' the OPEC+ oil alliance 'is aligning with Russia' after it announced a massive production cut of two million barrels.

It stands to be a big boost for Moscow, despite the West's efforts to choke off oil and gas revenues as a source of cashflow to fund Russia's illegal invasion of Ukraine. 

Meanwhile American drivers could face another increase in gas prices in what could end up being a massive setback for the Biden administration. 

They both started wars in neighbouring countries, hold significant sway over energy markets, are known to brook no dissent and to covet spots in history. Russia’s embattled president, Vladimir Putin, and Saudi Arabia’s de facto ruler, Mohammed bin Salman, seem to have a lot in common.

US court has dismissed a lawsuit against Saudi Arabia's Crown Prince Mohammed bin Salman that accused him of ordering an operation to kill one of the kingdom's former top intelligence officials.

Gas-Hungry Germany Approves Arms Deal With Saudi Arabia MikeRivero Mon, 10/03/2022 - 07:59

German media reported on 29 September that Berlin has approved a number of new weapons export deals with Saudi Arabia, in defiance of a 2018 ban over Riyadh’s brutal war in Yemen. In a letter to the Bundestag, the country’s Economy Minister, Robert Habeck, said that the deals were approved by German Chancellor Olaf Scholz just before his recent visit to Saudi Arabia.

The Yemeni government said Thursday it has signed a deal worth $200 million with Saudi Arabia to provide fuel to war-torn Yemen.

Under the deal, the Saudi Development and Reconstruction Program for Yemen (SDRPY) will provide 250,000 metric tons of oil derivatives to Yemen, the state news agency Saba reported.

Saba said the deal will help increase the capabilities of Yemeni government institutions and the stability of electric power in various government and private institutions and the industrial sector.

The elevation of Mohammed bin Salman to prime minister of Saudi Arabia, days before the Biden administration was set to decide whether to grant him immunity in the final court case over Jamal Khashoggi's murder, has been accused of being a ruse to shield the crown prince from justice.