Simon Henderson is the Baker fellow and director of the Bernstein Program on Gulf and Energy Policy at The Washington Institute, specializing in energy matters and the conservative Arab states of the Persian Gulf.
Articles & Testimony
The oil cartel’s reported plan to cut production could roil global markets, U.S.-Gulf relations, and American voter sentiment.
Many political pundits have spent the past couple weeks hedging their predictions for the midterms, while more recently pondering whether there will be a “Hurricane Ian effect” to also impact voter turnout. Then, “wham!” Just when the White House didn’t want it, OPEC+ piles on with reports that the oil cartel will cut 1 million barrels per day from its production. The New York Times has the factual headline but rather misses the point. That was caught by an early banner headline of the Financial Times—“Oil nations’ plans to slash output threaten to deepen energy crisis”—with a pithy sub-head right on the button: “Rift with US looms”...