Move aimed at taking away leverage from Russia, which benefits greatly from expensive oilU.S. President Joe Biden and Russia's President Vladimir Putin, shown at a summit in Switzerland last year, are on opposite sides of the oil market, with the U.S. president doing everything he can to bring down prices, while the Russian dictator benefits from seeing them rise.
. "This record release will provide a historic amount of supply to serve as bridge until the end of the year when domestic production ramps up."to release 60 million barrels worth of oil At one point in early March, oil was trading for $130 US a barrel. That's more than twice what it went for a year ago.
Americans on average use about 21 million barrels of oil daily, with almost half of that devoted to gasoline, according to the U.S. Energy Information Administration.Ukraine uncertainty bad for oil long term, money manager saysBarry Schwartz, chief investment officer at Baskin Wealth Management, says an escalation of the Russian invasion into Ukraine will slow economies around the world and potentially bring down the price of oil.
Imagine if KXL was already up and running and Joe could keep focused on Ukraine?
Does he know what will happen in six months? XD
That Butcher is not completely dead!👇🏿👇🏿
Which accounts for 2% of America's daily consumption. Lol
Old fart politicians are in many countries are one of many problems they are causing around the world!
That’s less than 2% daily production
Lol..