However, biden’s request may create a “pucker factor” for the saudis and other big producers. At present, biden is not inclined to unleash us oil production (via drilling leases on public lands and offshore, or through more pipelines) because of global warming concerns. The saudis have a marvelous supply of light sweet crude that is less polluting to pump, refine and sell than dirty fracked oil from canadian or us tar sands. But if biden decides that opec is gouging too much, that calculus could change, and opec producers know it. So there will be a diplomatic dance followed by decisions based upon what opec producers perceive to be their own best interests. Long-term, electric and hybrid motor vehicles are likely to supplant gas and diesel-fueled vehicles, and electricity will increasingly come from wind, solar and geothermal sources.
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