Daily Take: The Saudi & Putin Scheme for Screwing Biden's Election Hopes
The Hartmann Report
Thom Hartmann
4.3 • 8 Ratings
🗓️ 5 March 2024
⏱️ 9 minutes
🧾️ Download transcript
Summary
So, get ready: it’s coming this fall. And unless the administration acts quickly, there will be nothing they can do about it. Gas at $6 a gallon could easily throw the election to Trump…
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Transcript
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| 0:00.0 | The Saudi and Putin scheme for screwing Biden's election hopes. |
| 0:06.0 | Have you noticed gas prices are rising? |
| 0:09.0 | Get ready. You ain't seen nothing yet. |
| 0:11.0 | The bloodthirsty leader of the kingdom of Saudi Arabia |
| 0:14.1 | loves his dictatorial soulmate Donald Trump and is today setting the stage |
| 0:18.0 | to intervene in November's election in a big way, much like they did with a smaller test run in the fall of 2022 |
| 0:27.0 | when he drove gas prices up above five dollars forcing President Biden to release oil from the U.S. Strategic Petroleum Reserve. |
| 0:35.0 | As Stanley Reed reported for the business pages of the New York Times three days ago, |
| 0:38.8 | quote, Saudi Arabia, the de facto leader of the Organization of Petroleum Exporting States said |
| 0:44.6 | Sunday that it would extend their 1 million barrel a day cuts in oil production |
| 0:48.3 | through June noting that it was acting in coordination with some other states. |
| 0:52.0 | That other state would be their OPEC Plus partner. in coordination with some other states. |
| 0:53.0 | That other state would be their OPEC-plus partner, Russia, |
| 0:55.7 | which also announced last week a simultaneous production cut of 471,000 barrels a day. |
| 1:01.3 | Putin wants Trump back in the White House too. This time though |
| 1:04.6 | because Trump refused to block the sale of America's largest gasoline refinery |
| 1:08.8 | to Saudi Arabia in 2017, completed in 2019 with Trump's blessing. No matter how much oil |
| 1:15.1 | Biden releases from the reserves will be irrelevant. If the Saudis shut down |
| 1:19.0 | their Port Arthur, Texas refinery this October for maintenance, U.S. gasoline prices will explode. |
| 1:25.0 | It's the largest refinery in America. As Foreign Policy magazine noted in May 2017, |
| 1:31.0 | quote, Port Arthur referred to as the Crown Julie of U.S. refinery |
| 1:35.1 | infrastructure can process 600,000 barrels of oil a day. That alone is |
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