October 07, 2022

Biden’s ‘Unthinkable’ Options for Punishing OPEC

Journalist: Ben Lefebvre

Biden might be better served by playing things cool when it comes to OPEC and accentuating the positive when it comes to moving the country away from oil, some analysts said.

“In the absence of good measures, I think it might be better not to say too much,” Rachel Ziemba, adjunct senior fellow at the think tank Center for a New American Security, said in an interview. Instead, she said, Democrats should focus on what they have done to reduce U.S. oil dependency through last year’s bipartisan infrastructure law and the Inflation Reduction Act that Biden signed this year.

Before Wednesday’s meeting of OPEC+, “a lot of folks were upping the ante” on how dramatic the oil reductions would be, Ziemba said. “If anything, it might have overstated the impact of the cuts.”

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  • Rachel Ziemba

    Adjunct Senior Fellow, Energy, Economics, & Security Program

    Rachel Ziemba is an Adjunct Senior Fellow at the Center for a New American Security (CNAS). Her research focuses on the interlinkages between economics, finance and security i...