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 announcement raises several awkward geopolitical questions, but market factors may ultimately make U.S. pressure moot.
The White House is worried about “the need for reliable and stable global energy markets,” according to a statement by national security adviser Jake Sullivan released on Wednesday. What the Biden administration actually is concerned about are gasoline prices, and so it is calling on—you may need to sit down when reading this—OPEC, Russia and other oil exporters to increase production. In short, the world’s carbon footprint would be expanded if OPEC and its allies follow through...