“It was a kind of panic time in the White House.
OPEC+ shocked the free world with a sudden cut in production... more of your money... will be spent on heating your home and higher gas prices for your vehicles.
There is nothing good in either, ”RIA Novosti quotes him.
According to Kilmead, it is unlikely that the US administration has any plan to get out of this situation.
He cited the example of the presidency of Donald Trump, when about 10 million barrels of oil were produced in the United States per day.
The TV presenter noted that the current US President Joe Biden went against his promises and decided to seek help from Iran and Venezuela instead of drilling wells.
On October 5, oil producers OPEC + at a meeting agreed to reduce production by 2 million barrels per day from November.
Press Secretary of the President of Russia Dmitry Peskov called the decision of OPEC + a victory for common sense.
US Secretary of State Anthony Blinken said the United States is exploring a range of response options, including through relations with Saudi Arabia, to the OPEC+ decision to cut oil production.
After that, Washington said that American leader Joe Biden was disappointed with the decision of OPEC+.