US Rep. Ro Khanna is calling for the White House to retaliate against Saudi Arabia if OPEC and its allies slash oil production in a bid to boost prices
“This is beyond the pale,” the California Democrat told CNN in a phone interview on Monday. “They are actively fleecing the American people and destabilizing the economy. That’s just outrageous. Who do they think they are?” Oil prices surged more than 5% Monday on reports that Saudi-led OPEC and its allies, known as OPEC+, plan to sharply cut oil output by more than 1 million barrels per day.
“Our focus has been on taking every step to ensure markets are sufficiently supplied to meet demand for a growing global economy. Thanks to the President’s efforts, energy prices have declined sharply from their highs and American consumers are paying far less at the pump,” the White House spokesperson said.
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