Why the Saudis won't bail Joe Biden out with an oil boom

Even before Russia invaded Ukraine, surging oil prices had sent stateside inflation to its highest level in decades. Domestic oil prices had surged to more than $130 per barrel and more than $4 per gallon.

President Joe Biden has once again resorted to begging his former foes to bail him out of this costly crisis. First on the list for Biden to broker a visit to, according to Axios, is Saudi Arabia. Hans Nichols reports that the president’s advisers are planning a visit to “repair relations” with the Middle Eastern nation and “convince the Kingdom to pump more oil.”