Saudi Arabia Turns Off the Tap: Will Gas Prices Spike? - Commonwealth Club – World Affairs of California
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Saudi Arabia Turns Off the Tap: Will Gas Prices Spike?

April 17, 2023 — The OPEC+ oil cartel’s surprise decision to cut oil production has the potential to cause all kinds of trouble for the global economy, and may increase geopolitical frictions between longtime allies: the US and Saudi Arabia. So what happens to US-Gulf ties when the desert kingdom turns off the tap?

Ray Suarez sits down with Jim Krane, author of “Energy Kingdoms: Oil and Political Survival in the Persian Gulf,” to unravel what these escalating tensions mean.

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