The Biden Effect: Saudi Arabia Projects Fastest Economic Growth in Decade thanks to Oil Prices – Russia Predicts Oil Production to be Near Post-Soviet Highs
Thanks to Joe Biden and his anti-American policies Saudi Arabia and Russia are expecting record oil production in 2022. Both Saudi Arabia and Russia excited about their economic outlook in 2022.
Joe Biden’s first action as president was to shut down construction of the Keystone Pipeline and eliminating an estimated.52,100 American jobs in the process.
Gas prices are up over 50% since Biden took office less than one year ago.
Bloomberg.com reported,
“Saudi Arabia boosted its revenue forecast for next year, with higher oil prices and production volumes poised to deliver the first budget surplus in eight years and the fastest economic growth since 2011. It’s a sharp turnaround after energy market turmoil and the pandemic combined to crater the kingdom’s nascent economic recovery from the last oil price rout.
