cross-posted from: https://exploding-heads.com/post/49412

Simply put, the fact that Biden is going cap-in-hand to Venezuela to offer them a deal to increase crude production (despite Maduro being a “narco terrorist”), confirms the message that Saudi Arabia was implicitly sending with yesterday’s OPEC+ decision that they are the boss when it comes to the world’s most prized commodity - which despite the outcry continues to be crude oil.

Summing things up quite succinctly, @BradHuston noted on Twitter: “So basically Biden is saying that domestic producers are more evil than Venezuela’s Nicholas Maduro.”