How Joe Biden 'broke OPEC' and rewrote the rules for oil trading

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Published 2024-06-07
The Organization of the Petroleum Exporting Countries, or OPEC, has had massive influence over American politics for six decades. President Biden’s "incredible" oil market trading has broken this influence. Dan Dicker joins Chris Hayes to discuss how Biden got ahead in oil production and what that means for the transition to clean energy.

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#JoeBiden #OPEC #Oil

All Comments (21)
  • @kjrose1899
    Wow that's really smart. Why didn't we know this? Why isn't biden taking credit and bragging about it
  • @bryana8383
    THE TITLE SHOULD ACTUALLY BE: "HOW JOE BIDEN ENDED THE PETRO DOLLAR"
  • @zephyrfpv9871
    Great success, the Saudi's just ditched the 50 years petroldollar agreement😂
  • @jon2026
    Thank God we have a President who actually knows what he's doing instead of the former guy who was duped by foreign leaders for 4 years.
  • @ddee1263
    Keep telling us the good that Biden is doing.
  • @marvinfok65
    Lol, 6 days later, OPEC broke the Petrodollar!
  • @Adam-nw1vy
    Awesome story. Seeing that murderous despot disrespecting Biden was a tough one. So glad Biden has the last laugh.
  • And now the US dollar is not the central currency for oil sales. Big win that was.
  • @XFinityDesigns
    Tell us about the agreement with Saudi Arabia for petrodollars? The Dollar has just gone into a coma.
  • @drusmith6463
    ... and there s a REAL President working for Our Country, not for himself....
  • @rockweiler777
    Best president possible at the worst time imaginable.
  • Saudi Arabia broke petrodollar agreement which means the power of dollar on oil is no more. This is a part of the slow decline of US dollar. One day you will have to bring a wheelbarrow of dollar to buy a loaf of bread. Hope someone who is smart about money get to the helm of US monetary policy before its too late.
  • @TabsT-vy5jy
    "broke opec" 😂😂 they've dropped the Petro dollar. America is f'd
  • @juliec5309
    THANK YOU FOR FINALING TALKING ABOUT BIDEN ACCOMPLISHEMENT AND NOT ALWAYS ABOUT RUMP
  • @td4940
    The President can’t control the price of oil, but it looks like he can game the system for a win. Sell high, buy low.
  • @Haveatit93
    Ummm . . . . . Could you do a similar segment on the end of the Petro-dollar? Because then, Americans will truly understand what just happened to their pocket book.
  • @ignmorales
    Petrodollar 50 year agreement is just over by Saudis not obliged to accept dollar anymore. Who’s breaking who?