Flush With Cash, Saudi Prince Snubs Biden and Sends a Message
The kingdom, and its controversial leader, are emerging stronger from the Covid crisis as oil revenues boom.
Mohammed bin Salman in London in 2018.
Photographer: Luke MacGregor/BloombergThis article is for subscribers only.
President Joe Biden sounded deeply frustrated. Inflation was heading toward a 30-year high and Americans, rich and poor, could see the price of gasoline going up almost daily. Politically, oil was toxic for the White House.
"The idea that Russia and Saudi Arabia and other major producers are not going to pump more oil so people can have gasoline to get to and from work, for example, is not right," Biden said in late October.