From its first day in power, the Biden Administration has gone out of its way to suppress American oil production (see here, here, here, here, here, here, here, here, here, etc.). Much as this hurts Americans, there are those who benefit.

Fifteen of the 19 hijackers on September 11 were Saudis. But Saudis ought to like us better now, in light of this:

Saudi Arabia’s national oil company on Sunday posted a 90% jump in quarterly profit on the back of high oil prices, generating billions of dollars in cash that is infusing fresh momentum into the kingdom’s ambitious economic makeover and strengthening its geopolitical power.

Saudi Arabia has something Americans do not have: a US president who serves their interests. This is one reason its economy booms while ours succumbs to recession.

Saudi Arabia registered 11.8% year-over-year economic growth in the second quarter. While the International Monetary Fund predicts growth of 7.6% this year, more-bullish economists forecast a rate of 10%.

Inflation is degrading the standard of living in the USA, and will get worse due to the arrogantly misnamed Inflation Reduction Act. In Saudi Arabia, inflation is low:

Prices rose by 2.3% year over year in June, according to Jadwa. For comparison, the U.S. consumer-price index rose 8.5% in July, the U.S. Labor Department said.

On the positive side, Biden tells us that US inflation was 0% in July.

Russia, which relies heavily on energy exports, also benefits enormously from Biden driving up the price of oil. This should help reassure Russian leadership that Biden doesn’t mean his bellicose rhetoric.

On a tip from Varla.

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