, taking aim at Russian President Vladimir Putin's main revenue source as Russian forces continue to batter Ukrainian cities. Brent crude oil, the benchmark for oil prices, jumped on Tuesday about 5% to more than $129 a barrel., accounting for about 12% of the world's supply. Any disruption to those exports is likely to drive prices at the pump higher for consumers almost everywhere, experts said.
The price of gas could decline later this year, according to David Kelly, chief global strategist at JPMorgan Funds in a research note. That would depend on greater U.S. shale oil production and greater output from OPEC members, among other developments, he noted. met this weekend with the government of Venezuela
Still, Wall Street analysts said that adding more oil to global markets through stepped up production by the U.S., Venezuela, Iran or OPEC is unlikely in the short term to significantly curb prices.
It's because Biden has done everything to raise prices. Like all democrats, he hates America and wants to punish Americans.
I got my horse 🐎 ready
Biden 100% at fault for this! Day one shut down Keystone Pipeline then approved Russia’s Nordstream Pipeline, then started war on oil and gas exploration making it impossible to explore and drill more! Now wanting to buy from Iran, Venezuela? We only get 1% of Russia’s oil.
Biden’s decisions at the onset of his presidency related to oil and gas exploration, production, and delivery have caused irreparable harm to the US and European allies while strengthening Russia.
Why should Biden provide Americans with the cheapest gas in the western world? Current prices is what European countries have been paying for the past 50 years.
So the STUPID has arrived.!
Stop with the propaganda and tell us the truth for once.
Farm electric solar in Singapore and Thailand ⚡️ just square = 45 time garden football make electric ⚡️ for 7000 cars 🚗 🏃♂️. That super cool. Cook 👨🍳by electric ⚡️ cheaper and safer 💨 faster too ! Say Arabia Saudi keep oils for eat and drink and take shower 🤣😂NATO UN POTUS
Might what to mention that through all of this the oil companies are posting record profits.
And now shamelessly Sleepy Joe sent his people to Venezuela begging oil from the very man the US has been trying to take down all this time.. hahaha.. shame on you America, the laughing stock of the year 🤣🤣
We can fix it by encouraging US energy Independence but Biden won’t do that. Doesn’t suit his Green New Deal buddies’ plans. So he doesn’t do crap and now he is begging Iran, Venezuela and Saudi for oil. Just let US go back to energy Independence
Sleepy Joe
Because this illegitimate administration dismantled our great economy and energy independence
Taken from British Columbia.
So prices go up with profit margins naturally? Not buying it.
Because most people don’t realize that A. Russia is the world’s third largest oil producer B. Ukraine has some of the largest network of transport lines to all of Europe
Because Biden oatmeal brains…
We will beat down that price over time then they can turn it in to black swimming pools.
Everything ruined in 14 short months.
Why…..because gas companies are insistent on protecting their record profits. greed
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