Your problem isn’t our problem was the harsh message delivered by OPEC+ on Thursday at a post-OPEC+ meeting presser. Referring to the energy crisis soaring energy costs, Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman argued that “oil is not the problem”. Indeed, the energy crisis began with a natural gas crisis that eventually spilled over into coal before snowballing into fertilizer, food, and various other crises as it spread to Asia and throughout the globe. The Saudi Prince offered the market a solution: focus on the supply of natural gas to Europe and Asia—where the problem originated. This would include the infrastructure that brings the supplies to market. Some would look at the soaring crude oil and gasoline prices and argue that crude oil is in crisis mode as well. But according to Prince Abdulaziz bin Salman, the double-digit increases in crude oil prices are nothing compared to […]