Special Presidential Coordinator Suggests the Biden Administration Was Caught Off Guard By OPEC’s Production Cut

EXCERPT:

HORDERN: “Did you walk away from that meeting thinking we’d be here today with OPEC+ cutting two million barrels off the market?”

HOCHSTEIN: “I was there two weeks — around just about two weeks ago. No, I did not — I’m not going to go into the details of our conversation. They cover the —“

HORDERN: “But, no, you did not think there would be this big of a cut.”

HOCHSTEIN: “No, I did not.”