Behind the News: Saudi Oil w/ Annelle Sheline

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4.7 • 1.5K Ratings

🗓️ 24 October 2022

⏱️ 53 minutes

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Summary

Annelle Sheline of the Quincy Institute explains why Saudi Arabia cut its oil production dramatically. James Meadway, former adviser to Jeremy Corbyn's Labour Party and now director of the Progressive Economy Forum, analyzes why Britain is in economic and political crisis.

Behind the News, hosted by Doug Henwood, covers the worlds of economics and politics and their complex interactions, from the local to the global. Find the archive here: https://www.leftbusinessobserver.com/Radio.html

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Transcript

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0:00.0	.
0:10.0	.
0:20.0	.
0:28.0	.
0:33.0	Hello and welcome to Behind the News.
0:35.0	My name is Doug Henwett, two segments today.
0:37.0	Anel Shaline will give us the rundown on Saudi Arabia,
0:40.0	and James Meadway will analyze the political crisis in Britain.
0:43.0	Saudi Arabia is in the news.
0:45.0	Well, it's often in the news, usually for some outrage or other.
0:47.0	But the latest headline grabber is their decision early this month
0:50.0	to cut its oil output dramatically in order to drive up the price.
0:54.0	The move was announced in the U.S.
0:56.0	We're in the so-called West for adding to stagflationary pressures
0:59.0	and providing aid and comfort to Russia.
1:01.0	Why do they do it?
1:02.0	Here to answer that question and several others about this reactionary
1:05.0	and brutal kingdom is Anel Shaline, a fellow specializing in the Middle East
1:09.0	with the Quincy Institute.
1:10.0	Anel Shaline.
1:12.0	The oil cuts.
1:13.0	We're hearing a lot of denunciation of Saudi Arabia
	...

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