The hyenas close in on a dying, diseased old elephant

Saudi Arabia is in active talks with Beijing to price some of its oil sales to China in yuan, people familiar with the matter said, a move that would dent the U.S. dollar’s dominance of the global petroleum market and mark another shift by the world’s top crude exporter toward Asia.

The talks with China over yuan-priced oil contracts have been off and on for six years but have accelerated this year as the Saudis have grown increasingly unhappy with decades-old U.S. security commitments to defend the kingdom, the people said.

The Saudis are angry over the U.S.’s lack of support for their intervention in the Yemen civil war, and over the Biden administration’s attempt to strike a deal with Iran over its nuclear program. Saudi officials have said they were shocked by the precipitous U.S. withdrawal from Afghanistan last year. – Wall Street Journal

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5 Responses to The hyenas close in on a dying, diseased old elephant

  1. Entropy says:

    Wouldn’t have happened under Trump.

  2. Not Trampis says:

    No Trump did not give a stuff about human rights.
    Neither does our russia loving writer.
    If keeping oil prices high is the saudis target then the USA has a ton of shale oil which is economic at these prices.
    Do you know what war crimes are yet?

  3. Lee says:

    I couldn’t help but notice this, from the second link:

    “Retailers in the fueling industry don’t like high gas prices just like everyone else. As for the President Biden ‘I did that’ decals that may be attached to fueling dispensers, fueling retailers continue removing these decals as fast as they are placed by a third-party individual,” said Lance Klatt, executive director of the Minnesota Service Station and Convenience Store Association. “A retail business is no place for politics.”

    Considering that business, corporations, and even sports have become involved in politics in recent years, I nearly fell off my chair in laughter at the bolded sentence.

  4. Boambee John says:

    Non Mentis

    If keeping oil prices high is the saudis target then the USA has a ton of shale oil which is economic at these prices.

    Production of which has been limited by that decrepit old crook, Creepy Joe Biden.

  5. Lee says:

    No Trump did not give a stuff about human rights.

    The current resident of the White House, Geriatric Joe, has infringed on far more “human rights” than Trump would ever dream of.

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