there's no question that mohammed bin solomon, the crown prince of saudi arabia, shears putin's world view more than he shares ours. doesn't appreciate american advocacy for democracy in the world. now it's been 70 years that the united states has been aligned with the kingdom of saudi arabia. they've been one of the most loyal allies of the united states and nato in the region. you can recall after the 1979 iranian revolution, the reagan administration saying that they would never allow such a revolution to take place in saudi arabia. that is a steadfast, long time partner of the united states. but now we're seeing the circles of power in washington, turning on them pretty rapidly in response to recent moves around opec people will recall the words of former us president george w bush, who said you're either with us or against us. and that kind of thinking seems to be prevailing in washington dc. i defy being publicly quoted on coding for a preemptive native strike. a strike nato strike against russia. ukraine's president is not claiming he was misunderstood as a result of a translat

you'll recall economist magazine recently, i, you know, over the summer they tweeted out, meet mohammed bin solomon, that's the count. brown, prince of south of saudi arabia, the millennial autocrat who controls our oil. now that tweet was deleted because it is not, they are oil, it is by right, the oil of the kingdom of saudi arabia, according to the constitution. but apparently, the united states feels it has some rights over it as do the british. now, at this point, what can the united states do, but rant and rave at the saudis for not doing what they want. hear some of what we've heard, what saudi arabia did to help put and continue to wage his despicable, vicious war against you. crane will long be remembered by americans. we are looking at all the legislative tools to best deal with this appalling and deeply cynical action. though the no peck bill is up for discussion. this is a bill that would allow the united states to sue opec countries, take them to court, possibly have you escort, seize their assets. if they don't do, i want the united states wants that would allow our civil actions agai

>> fundamentally, i believe mohammed bin solomon wants to re-galvanize the narrative, own the narrativeand redefined the trajectory of oil prices. saudi arabia has made it clear in the budget, $76 is what they are banking on. the saudi's and aramco have made it clear there is a spread between what is happening in the physical and what is happening in terms of the oil market. the sheer magnitude of volatility over the past 2.5 years, the last time opec convened in vienna, the russians exited. threats were issued. oil prices crashed to -$30. we are now in a real war between russia and ukraine and the ramifications are profound globally, taking you to $125. you have this on the offer side, this global recession risk at the moment and on the bid side you have a group of nations which are not producing anywhere near the baselines that were agreed in terms of the cuts. this is about redefining ownership of this market. as i said to you before i think it is the best quote literally ever. speculators against the cartel are going to find it difficult. dani: especially if they do to million barre