With US bans on Russian Oil the price of oil and gas has risen across the world….
The increase in in the price of fossil fuels will drive prices not only gas for consumers , but will effect ANYTHING that has to be transported ….
That includes food, other goods and people….
Yesterday the US thought it would get a break with somneone from the UAE saying it would increase it’s poduction of oil….
Prices staterd back down for less than 24 hours….
Then reality hit….
The UAE is party of OPEC the oil exporting countries…
They put a halt to the idea that they would export more oil , droping their income, for coutries that are cutting back their oil usage , which was depressing their income….The countries of the group are mostly in the Midddle East and Africa, places where US foreign policy is NOT strong and ofet averserial…..
They read the media stories about that for all the noise Europe is making against Russia?
The Europeans are STILL importing oil FROM Russia….
Finally…
They are sure to be thinking like most of the other OPEC countries…
America isn’t much of their friend and doing the US favor’s won’t mean much with Biden as the President…
These countries have actually been talking to the Russian’s for quite a while …..
Oh, and Russia IS has another connection to OPEC thru OPEC+…..
America and Europe have no such ties…
The Biden admin is trying to get Venezuela to break from the organiztion to pump more oil by easing sanction’s against that country….
American Foreign policy against countries in the Middel East and Africa seems to be costing America money at a time when the country is already having an inflation problem….
And the whole thing is dumped in Joe Biden’s lap….
Months before midterm elections….
jamesb says
Congress tells Biden forget any deals with Venezuela for oil…….
jamesb says
Uh oh……
We have seen reports that Russia may be considering seizing the assets of U.S. and international companies that have announced plans to suspend operations in Russia or to withdraw from the Russian market.
Jean Psaki
Biden Press Sec
jamesb says
MONEY $$$$$ ???!!??
American companies which will go to Congress for compensation?
Folks
We HAVE an Economic War brewing that could rebound on the American Economy
Remember
Putin has his job for LIFE
Biden does NOT……..