Posted on 12/05/2022 1:44:59 PM PST by 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.
(Excerpt) Read more at news.yahoo.com ...
That was an amazing movie.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.