Commentary
Have you ever read a headline that struck you with amazement and caused you to think, “Did they really do that?” That was my reaction when I read the headline in The Wall Street Journal, “U.S. Takes Aim at OPEC for Oil Production Cuts.”
Specifically, the White House denounced OPEC+’s announcement of their intention to cut their production of crude oil by 2 million barrels per day (bpd). The petulant rebuke of the Biden administration and congressional Democrats and their accompanying threats of retaliatory action against OPEC are stunning—stunning in their supercilious arrogance, stunning in their hypocrisy, and stunning in their short-sightedness….