Opinion: Biden crowned world energy czar as diplomacy triumphs over Putin’s tantrums

Fortune via Yahoo ^ | December 5, 2022 | By Jeffrey Sonnenfeld, Steven Tian

[Oldeconomybuyer]

Rudyard Kipling’s The Jungle Book explained how leaders and groups need each other for power: “For the strength of the Pack is the Wolf, and the strength of the Wolf is the Pack.” President Biden has breathed new confidence into allied unity and resolve—and has in turn been strengthened by our international allies.

Overcoming the self-destructive America First isolationism of our recent past, Biden has rebuilt trust through collective action. Most recently, America’s continued triumphs in international energy diplomacy—ranging from reining in OPEC+ to the successful rollout of the Russian oil price caps to helping the EU work through its gas supply challenges, all in the face of tremendous skepticism—have stabilized the global energy markets and brought down prices all while cutting into Putin’s profits.

These accomplishments remain underappreciated. Contrary to Putin’s hopes that Europeans would freeze with insufficient gas to heat homes, splintering allied unity, his gas gambit has thoroughly failed. Europe has secured enough supplies to avoid an energy crunch this winter, with the proactive help of the U.S. and the international coalition, as we correctly predicted months ago.

And contrary to the analysts who gloomily forecasted Saudi Arabia’s oil intransigence would drive prices up, Biden has proven his mettle by helping the G7 and 27 EU nations realize that oil-producing nations need to sell their oil at least as much as customer nations need to purchase it.

After 62 years of one-sided bullying in the marketplace, the U.S. and its allies finally banded together to fight back.

[Oldeconomybuyer]

Jeffrey Sonnenfeld is the Lester Crown Professor in Management Practice and Senior Associate Dean at Yale School of Management. Steven Tian is the director of research at the Yale Chief Executive Leadership Institute.

[NurdlyPeon]

Oh man, I don’t even know where to start.....

[Blood of Tyrants]

You forgot to add the barf alert.

[JBW1949]

“...Biden crowned world energy czar...”

BWAHAHAHAHAHAHAHAHAHAHAHA!!!!!!!!!!!!!!!

[PGR88]

This reads like China People’s Daily talking about Xi Jinping and the great success of Covid Zero Policy.

[MtnClimber]

FJB has built trust by sniffing little girls.

[kabar]

LOL. Biden has released almost half of the SPR in a desperate attempt to control gas prices at the pump. We are still paying 50% more for gasoline. The price of energy has skyrocketed around the world. Russia, Saudi Arabia, and the rest of OPEC have record revenues.

[cranked]

[DesertRhino]

Wow,, wipe your chin.

[Ancesthntr]

Utter drivel.

[JBW1949]

This headline wins the comedy post of the year award.....

[Rockingham]

This is a good example of establishment toadies giving Biden undeserved credit. The unexpected price break is due to the beginning of recession dampening demand, as the usual OPEC cheating on quotas bolsters supply.

[ProtectOurFreedom]

Good Lord, gag me!! What a pile of barf. The bastard who is single-handedly destroying the US energy industry is crowned the “global energy czar”? What are these idiots smoking?

[popdonnelly]

Well, isn’t that special?

[BenLurkin]

[ridesthemiles]

The Emperor’s New Clothes comes to mind-————

[kiryandil]

Contrary to Putin’s hopes that Europeans would freeze with insufficient gas to heat homes, splintering allied unity, his gas gambit has thoroughly failed. Europe has secured enough supplies to avoid an energy crunch this winter, with the proactive help of the U.S. and the international coalition, as we correctly predicted months ago.

They just got Back From The Future in the Delorean, after checking how things were with the European natgas situation in April 2023...

Last time I checked, winter doesn't start for 2 and a half weeks - but these fabulist clowns are slapping each other on the back over Europe making it through the winter...

[MarMema]

Most incredible hugely barfed garbage I have seen yet.

Just wow.

[ding_dong_daddy_from_dumas]

Barf Alert please!

[Jan_Sobieski]

Biden has nothing on former North Korean Leader, Kim Jong-Il. Kim was such a great golfer, that he managed to get 11 holes-in-ones on his way to carding a 38-under par on the VERY FIRST round of golf he ever played.

Kim also managed to bowl a perfect 300 in his very first attempt at bowling. The man was an artist in any sport he tried. Biden couldn’t touch Kim!