Biden loses the plot on OPEC+ 'cuts'

President Joe Biden needs to read more.

First, he should read a biography of Theodore Roosevelt. Roosevelt practiced quiet diplomacy while carrying a big stick for last-minute persuasion. Biden should also glance at Principles of Economics by Harvard professor N. Gregory Mankiw. The professor explains that economic cartels such as OPEC are rarely successful in achieving their goal of raising prices through an agreement to reduce production. Members of the cartel cheat.