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Reducing their production by 20-40% does not mean not selling oil. The reduction in production would be somewhat offset by the rise in price it would cause.
Domestic or Canadian production can not be raised by 2-4 million barrels a day very quickly.
My sense is that some are just trying to put the administration into an impossible position. Imagine stop doing business with one of the richest nations on earth because of this issue. On the other hand we handed Iran which was actively working to kill Americans in Iraq with over $100 billion. Pretty ironic when you think of it.
But production can be raised. And it should be.
Ironic is correct. Thanks Obama.