How better to wash money to the Saudis than taking it from your pocket?
| Except that President Biden loathes the Saudis. This is the unexpected result of the Biden administration choking off domestic oil production. A year ago the Saudis were still madly cutting domestic spending and steering their youth into practical education tso they’d be able to be self-supporting when the oil money ran out. |
[Daily Mail, where America gets its news] Saudi Aramco has posted the biggest profit for any listed company in the world as it cashed in on booming oil prices.
The energy firm, which is over 94 per cent owned by the Saudi state, reported a record profit of £40billion in the second quarter of the year.
This was almost double the £21billion generated in the same period in 2021 amid rising oil prices and higher sales.
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