A punitive response to OPEC’s cuts will likely backfire

By Niranjan Shankar

Published October 19, 2022 4:24am ET

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A punitive response to OPEC’s cuts will likely backfire — FILE - This Sept. 11, 2013 file photo shows oil pumps the desert oil fields of Sakhir, Bahrain. Dramatic changes in oil production around the globe, both higher and lower, are balancing each other out instead of wreaking havoc. This has helped world oil prices stay high enough to provide OPEC countries with robust income, but not so high that they scare customers away from buying more of their precious product. (AP Photo/Hasan Jamali, File) | Hasan Jamali

The recent OPEC+ decision to slash oil output by 2 million barrels per day has elicited outrage among U.S. policymakers and analysts. Senate Foreign Relations Chairman Bob Menendez, Sen. Richard Blumenthal, and Rep. Ro Khanna are just some of many Democrats who have pushed for a punitive response against Saudi Arabia — specifically, termination of military sales to the kingdom and withdrawal of U.S. troops from the country.

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OPEC Saudi Arabia