To listen the article select text   Click to listen highlighted text! To listen the article select text

The Saudi Lobby Moves From K Street to Main Street

EDITOR’S NOTE:&nbspThis article originally appeared at TomDispatch.com. To stay on top of important articles like these, sign up to receive the latest updates from TomDispatch.

Princess Reema bint Bandar Al-Saud, Saudi Arabia’s ambassador to the United States, was on the hot seat. In early March 2020, as the Covid-19 pandemic swept the world, oil prices collapsed and a price war broke out between Saudi Arabia and Russia, leaving American oil and gas companies feeling the pain. As oil prices plummeted, Republican senators from oil-producing states turned their ire directly on Saudi Arabia. Forget that civil war in Yemen—what about fossil-fuel profits here at home?

To address their concerns, Ambassador Bandar Al-Saud agreed to speak with a group of them in a March 18 conference call—and found herself instantly in the firing line, as senator after senator berated her for the Kingdom’s role in slashing global oil prices. “Texas is mad,” Senator Ted Cruz bluntly stated. As the ambassador tried to respond, Alaska Senator Dan Sullivan retorted, “With all due respect, I don’t want to hear any talking points from you until you hear from all [of us], I think there’s 11 or 12 on the call.”

The Saudi lobby in Washington was similarly flailing in its reaction to the anger on Capitol Hill. Hogan Lovells, one of the Kingdom’s top lobbying firms in the nation’s capital, was spearheading the response, e-mailing staffers in the offices of more than 30 members of Congress. Its message couldn’t have been clearer: “Saudi Arabia has not, and will not, seek to intentionally damage US shale oil producers.”

However, its efforts were apparently falling on deaf ears, as some of Washington’s most-lobbied policy-makers remained furious at Riyadh for slashing oil prices. Even after being personally phoned four times by Hogan Lovells lobbyists between March and April, according to a Foreign Agents Registration Act (FARA) filing made by the firm, Senator Sullivan called for the Trump administration to place tariffs on Saudi oil imports. Other Republican senators, who had previously supported billions of dollars in arms sales to the Kingdom, now threatened to upend the entire American alliance with Saudi Arabia. North Dakota Senator Kevin Cramer, for instance, warned that the Kingdom’s “next steps will determine whether our strategic partnership is salvageable.”

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Click to listen highlighted text!