OPEC+ Quotas And Seinfeld Car Rentals

OPEC+ Quotas And Seinfeld Car Rentals

JEDDAH, SAUDI ARABIA - JULY 15 US President Joe Biden (L) being welcomed by Saudi Arabian Crown ... [+] Prince Mohammed bin Salman (R) at Alsalam Royal Palace in Jeddah, Saudi Arabia on July 15, 2022. (Photo by Royal Court of Saudi Arabia / Handout/Anadolu Agency via Getty Images) The OPEC+ cartel announced on Wednesday that it would up its export quotas for September by just 100, 000 barrels of oil per day. Reuters reports that some analysts are describing the tiny bump as "an insult" to President Joe Biden, who traveled over to Saudi Arabia in mid-July at least in part to ask the royal family there to pour more oil onto the global market in advance of the November mid-term elections in the United States. "That is so little as to be meaningless. From a physical standpoint it is a marginal blip. As a political gesture it is almost insulting," said Raad Alkadiri, managing director for energy, climate, and sustainability at Eurasia Group. The small quota increase seems especially insulting in light of the fact that the U. S. State Department moved on Tuesday to approve a $3. 05 billion sale of U. S. military weapons and hardware