#oilprices #gasprices #Europe #YahooFinance
Goldman Sachs Head of Natural Gas Research Samantha Dart joins Yahoo Finance Live to discuss oil rising above $95 a barrel, commodity market uncertainty, recession fears, Europe’s lack of natural gas, and the outlook for the global economy.
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7 Comments
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The EU and the US should have anticipated this when they decided to slam Russia with all sorts of sanctions instead of working out a peace deal. It is all self-inflicted.
Just open Nordstream 2
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❔New President Joe Biden’s false statement deliberately made: “America’s drivers will spend on average $30 less per month on gas than they did during peak prices.” State department official Alan Eyre tweeted on Friday. “I prefer high gas prices = less driving, less CO2,” Eyre said this in response to warranted President Joe Biden’s “statement.” Did they fool you dummy?♻
⚪Joe Biden: “I’m doing everything I can to lower gas prices”. We wonder if ANYONE actually believes this claim. The folks at Institute for Energy Research have identified 100 separate Biden executive orders, regulations, and laws that have impeded oil and gas production and raised prices at the pump. These range from killing pipelines, to expanding EPA regulations on oil and gas drilling and refining, to taking hundreds of thousands of acres of prime oil and gas lands on public lands and in areas like the Gulf of Mexico off-limits for drilling. Economist Casey Mulligan of the University of Chicago estimates that these policies have reduced oil and gas drilling by 2 to 3 million barrels a day. That increased production would bring gas prices down at the pump. Perhaps none of these half-truths and outright fibs should be too surprising. What should we expect from the administration that first denied inflation, then said inflation was transitory, then claimed it was only a high-class problem? Biden has done another about-face, decrying inflation as bad but now it is Russia’s fault or greedy businesses, like meatpackers or oil companies and even mom-and-pop gas station owners. C’mon Joe. We’re not that dumb. Give us a little more truth.⚪
European Union (EU):
"We will crush you with our sanctions and isolate you!"
Russia:
"Let me help you, I will shut the oil and gas supply, that way I won't receive any more of your money."
EU: **in a whiny childish voice**
"Stop it! You are being mean. You are hurting our economies by 'weaponizing' oil and gas, you evil country. Why can't you just stand there like a punching bag and let me hit you? Don't you know we're morally superior than you?"
US: "fear not EU! We can supply you less oil and gas for almost twice the cost of Russia (at full market price, of course).
Russia: **drinking a hot cup of tea**
….