Since february after cartridges containing less than a gram of hashish oil were found in her luggage and she was arrested on drug charges. she now is expected to be moved to a penal colony. further appeal is possible. in a statement this morning, the white house called today s hearing a sham and said it continues to, quote, engage with russia through every available channel and to make every effort to bring home brittney. representatives from multiple nato countries say russia s allegations that ukraine is preparing to use a so-called dirty bomb on its own territory is a pretext russia has created for possible escalation. in a rare joint statement, diplomats from france, britain, and the united states rejected what they called, quote, russia s transparently false allegations. more than two dozen democratic lawmakers are urging president biden to dramatically shift his strategy on the war in ukraine. in a letter sent yesterday, 30
Plus, by the way, on studying this article. you know it better than i do. that s exactly right. trump has done it four times. we could list if we had the time, 15 occasions where presidents have done it, and they weren t natural disaster. trump did it in covid because production was down. trump did it when they had the iranians bomb the saudi refinery. it s regularly we go to that as a bank, and by the way, so do other oil producing countries, and replenishing it is the smart thing to do, especially at the pricing he has in mind. well, exactly, and we re, again, talking about the strategic petroleum reserve. which biden has tapped into it. he set it at a price, like you said, when we replenish it, capitalists are going to make money. nothing bad about it. at least not here on morning joe. we like people making money. explain. that s the idea. it would be using forward
The price gap, i will just stop supplying you with oil. but let s just go with the assumption that russia agrees to a price cap of $70. then saudi arabia will have to sell its oil at $70, as will u.s. producers. it sets a dangerous precedent, and the fact that consumers get to dictate the price at which producers are going to sell is just not something opec plus are even going to entertain. so what you are describing are pretty hard-nosed economic reasons why the saudis are doing this. do you not buy the argument that there was an element of a kind of snub of biden and payback for two years of having boycotted mbs, do you think any of that played a role? i don t think so. the reason i say this is because there have been instances in the past as well when this has come
The market. so we are being preemptive. but there is one other aspect that you would argue that s not been as publicized but played a role in this decision is all this talk of a price cap. the u.s. and europe, but particularly the u.s. i would say, is really focusing and trying to rally not just europe but also india, china, other countries, other buying countries, to put a price on russian oil. because ultimately, the white house wants to limit the amount of oil revenues russia is getting for funding its war. the problem is that if you are to cap the price of oil, whatever that price is for russia, opec plus and saudi arabia include, feels that they would have to sell their oil at that price. so let s say russia agrees, which they haven t, and putin in particular has openly come out and said by the way, if you do