{"id":1557781,"date":"2022-07-16T14:49:20","date_gmt":"2022-07-16T18:49:20","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1557781"},"modified":"2022-07-16T14:49:21","modified_gmt":"2022-07-16T18:49:21","slug":"saudi-crown-prince-says-unrealistic-energy-policies-will-lead-to-higher-inflation","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/saudi-crown-prince-says-unrealistic-energy-policies-will-lead-to-higher-inflation\/","title":{"rendered":"Saudi Crown Prince Says Unrealistic Energy Policies Will Lead to Higher Inflation"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fsaudi-crown-prince-says-unrealistic-energy-policies-will-lead-to-higher-inflation%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1557781&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>JEDDAH, <a href=\"https:\/\/www.theepochtimes.com\/t-saudi\">Saudi<\/a> Arabia\u2014Saudi Arabia\u2019s Crown Prince Mohammed bin Salman said on Saturday more investment was needed in fossil fuel and clean <a href=\"https:\/\/www.theepochtimes.com\/t-energy\">energy<\/a> technologies to meet global demand, and that unrealistic emission policies would lead to unprecedented levels of inflation.<\/p>\n<p>The prince said Saudi Arabia had announced raising its production capacity to 13 million barrels per day by 2027 from a nameplate capacity of 12 million now and \u201cafter that the Kingdom will not have any more capability to increase production.\u201d<\/p>\n<p>He was addressing a U.S.\u2013<a href=\"https:\/\/www.theepochtimes.com\/t-arab\">Arab<\/a> <a href=\"https:\/\/www.theepochtimes.com\/t-summit\">summit<\/a> in Jeddah attended by President Joe Biden, who is eager to see Saudi Arabia and its OPEC partners pump more oil to help bring down the high cost of gasoline and ease the highest U.S. inflation in four decades.<\/p>\n<p>\u201cAdopting unrealistic policies to reduce emissions by excluding main sources of energy will lead in coming years to unprecedented inflation and an increase in energy prices, and rising unemployment and a worsening of serious social and security problems,\u201d Prince Mohammed said.<\/p>\n<p>The de facto ruler of the world\u2019s top oil exporter said COVID-19 and the \u201cgeopolitical situation\u201d necessitated more joint efforts to support the global economy and that the transition to sustainable energy sources required a \u201crealistic and responsible\u201d approach.<\/p>\n<p>The summit gathered Biden with leaders from six Gulf Arab states and Egypt, Jordan, and Iraq. Biden held bilateral talks with Saudi leaders on Friday in Jeddah.<\/p>\n<p>U.S. officials have said Biden would discuss energy security with leaders of Gulf oil producers and hopes to see more action by OPEC+ to boost output, but there was unlikely to be any bilateral announcements from the talks.<\/p>\n<p>   <a href=\"https:\/\/www.theepochtimes.com\/author-reuters\"><\/a> <\/p>\n<p>Follow<\/p>\n","protected":false},"excerpt":{"rendered":"<p>JEDDAH, Saudi Arabia\u2014Saudi Arabia\u2019s Crown Prince Mohammed bin Salman said on Saturday more investment was needed in fossil fuel and clean energy technologies to meet global demand, and that unrealistic emission policies would lead to unprecedented levels of inflation. The prince said Saudi Arabia had announced raising its production capacity to 13 million barrels per [\u2026]<\/p>\n","protected":false},"author":66,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1557781","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1557781","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1557781"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1557781\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1557781"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1557781"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1557781"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}