4.3 C
New York
Tuesday, November 29, 2022

Subscribe

OPEC’s October Surprise: Higher gas prices a boon to Putin, the Saudis — and Republicans

Who benefits from higher oil prices and a new spike in inflation? Mitch McConnell and Kevin McCarthy, for starters

By ROBERT S. MCELVAINE, SALON

The October Surprise of 2022 has arrived, from an unexpected source — as surprises tend to do.

Led by Russia and Saudi Arabia, the oil-producing cartel OPEC and its partners announced on Wednesday it will slash oil production by 2 million barrels a day, which will not merely reverse the steady decline in prices at the pump since early summer but, combined with the usual profiteering by Big Oil, likely cause those prices to soar and reignite inflation. That would be expected to hurt Democrats’ chances — and thereby American democracy’s chances  — in the midterm elections just over a month away.

The best strategy for Democrats is clear enough: Get in front of this immediately, and tell the truth…

Photo by Ben Wicks on Unsplash

This post was originally published on this site

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

159,633FansLike
407,689FollowersFollow
2,130SubscribersSubscribe

Latest Articles

0
Would love your thoughts, please comment.x
()
x