OPEC MAKES COLLECTIVE DECISIONS


The president of the United States, Joe Biden, has shown his bad humor over the decision of the organization of oil exporting countries (OPEC) to reduce its production by two million barrels per day.

It is true that at the moment the prices of crude oil and gasoline have skyrocketed, which logically does not satisfy users.

Biden has directed his anger at Saudi Arabia, forgetting that OPEC decisions are collective and therefore commit all 13 members.

The production cut is due to the fact that the prices of the barrel fell to 80 dollars, and the organization needed the downward trend to stop.

To believe that this situation is going to open a crisis between the United States and Saudi Arabia is misplaced. The two countries need each other and will continue to work to guarantee the supply of crude oil to importing countries.

Some radical members of the Republican party have fallen into extremism, demanding that Washington withdraw its troops from Saudi Arabia. What do these politicians want? That Russian troops be installed in the Middle East, apart from those they already have in Syria?

It is suitable to be reasonable. OPEC will increase its production when the collective deems it necessary.


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