Weapons For Oil, Part Two
Jul 31, 2020102.3K Shares6M Views
Last month, a group of Senate Democrats had a eureka moment: The rising cost of fuel, they said, is largely the fault of Middle Eastern oil-producers, who simply aren’t doing their part to pump more oil. The lawmakers threatened to halt billions of dollars in already approved armed sales to those countries if they failed to ramp up production.
On Tuesday, the same senators took their push a step further, introducing a resolution of disapproval to scrap $1.4 billion-worth of pending arms sales to Saudi Arabia if the royal kingdom doesn’t hike its oil production by 1 million barrels a day. Sen. Charles Schumer (D-N.Y.), one of the sponsors, said the price of gas at home should take priority over the sale of weapons abroad. Schumer’s words, according to The Associated Press:
“„We are saying to the Saudis that, if you don’t help us, why should we be helping you?
“„We are saying that we need real relief, and we need it quickly. You need our arms, but we need you to cooperate and not strangle American consumers.
While we’re playing the leverage game, we might also ask the Saudis to quit funding terrorists, locking up bloggersand banning women from driving. But those, it seems, are less important than lower prices at the pump.
Camilo Wood
Reviewer
Camilo Wood has over two decades of experience as a writer and journalist, specializing in finance and economics. With a degree in Economics and a background in financial research and analysis, Camilo brings a wealth of knowledge and expertise to his writing.
Throughout his career, Camilo has contributed to numerous publications, covering a wide range of topics such as global economic trends, investment strategies, and market analysis. His articles are recognized for their insightful analysis and clear explanations, making complex financial concepts accessible to readers.
Camilo's experience includes working in roles related to financial reporting, analysis, and commentary, allowing him to provide readers with accurate and trustworthy information. His dedication to journalistic integrity and commitment to delivering high-quality content make him a trusted voice in the fields of finance and journalism.
Latest Articles
Popular Articles