Biden’s OPEC dilemma
On Wednesday, OPEC announced one of the biggest cuts to oil production since the start of the pandemic: a 2 million-barrel per day cut to its target starting in November. The move threatens to push gasoline prices higher and disrupt the positive momentum Democrats and the Biden administration had enjoyed over the last couple months related to prices at the pump. POLITICO’s Ben Lefebvre breaks down why OPEC is cutting oil production and how the Biden administration is responding. Plus, the Biden administration has kicked off the first formal step in the process of implementing Democrats’ historic climate and energy bill.
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Show Notes
On Wednesday, OPEC announced one of the biggest cuts to oil production since the start of the pandemic: a 2 million-barrel per day cut to its target starting in November. The move threatens to push gasoline prices higher and disrupt the positive momentum Democrats and the Biden administration had enjoyed over the last couple months related to prices at the pump. POLITICO’s Ben Lefebvre breaks down why OPEC is cutting oil production and how the Biden administration is responding. Plus, the Biden administration has kicked off the first formal step in the process of implementing Democrats’ historic climate and energy bill.
Ben Lefebvre is an energy reporter for POLITICO.
Nirmal Mulaikal is a POLITICO audio host-producer.
Raghu Manavalan is a senior editor for POLITICO audio.
Jenny Ament is the executive producer of POLITICO’s audio department.
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