People keep talking about how does Biden save his presidency? I don't think it's by making deals with the Saudi's. Yes the political price is going to be high in the short term, but his new message that people are going to have to endure higher energy prices in the name of freedom is going to buy him some time.
What I say is he needs to do is ramp up production at home, but only on the condition Congress comes up with a real plan on how to transition away from fossil fuels. Joe Manchin should run the comity so it's a bipartisan deal that will be lasting and the world feels comfortable rallying behind.
Let China and Russia pay top dollar for Saudi oil. This could be a Sputnik type moment where he refocus the nations universities towards the science of winning the energy cold war (and away from using public dollars creating communists). Rather than give aways, lets see some grants that get things moving in the right direction again.
A former Saudi official told Newsweek that the kingdom is "capable of finding a way to supply America with the oil they need, but there will be an exchange for that."
www.newsweek.com