Biden’s Rocky Relationship With Big Oil And OPEC

President Biden this week made a splash in the world of news as he once again pointed the finger at the oil industry, accusing companies of “war profiteering” and threatening what essentially comes down to a financial punishment unless they turn the taps on. It’s a rhetoric that sounds familiar and takes one back to the summer when Biden was trying a similar approach with Saudi Arabia. It also coincides with a statement from OPEC indicating that oil demand will continue to grow strongly until at least the middle of the century. …