In a move that is sure to incense the Biden administration, Saudi Arabia — along with a host of other oil-producing nations — has decided to cut oil production, which should in turn raise the price of a barrel of oil. The move also assists Russia, which needs oil revenues to counter the economic impact of western sanctions.
Jimmy and Americans’ Comedian Kurt Metzger talk to economics professor Richard Wolff about the move and how it will likely affect the global economy.
Professor Wolff on Twitter: https://twitter.com/profwolff
Professor Wolff’s YouTube channel: https://www.youtube.com/c/RichardDWolff
Kurt Metzger on Twitter: https://twitter.com/kurtmetzger
Kurt’s website: http://www.KurtMetzgerComedy.com
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