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Thursday, May 12, 2022

NOPEC bill threatens Saudi, U.S. relations?note

A U.S. Senate committee passed a No Oil Producing and Exporting Cartels (NOPEC) bill last week (5/5/2022).

The bill is intended to protect U.S. consumers and businesses from engineered spikes in the cost of gasoline and heating oil.

Saudi Crown Prince Mohammad Bin Salman Bin Abdulaziz does not hide that the coming stage may witness economic warfare with U.S. President Joe Biden’s administration.

He is said to have advised President Biden not to agree to the NOPEC bill due to the damage that will be inflicted on the U.S. economy.

Tactical Report has prepared a 382-word report to shed more light on this subject.


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