[E_GoBig]

So, this week the EU is trying to come up for a deal that will ban Russian oil from the market. The oil market is very nervous because if they agreed to start banning the imports of Russian oil, that will make the energy crisis worse. Right now, the national average for gas is now $4.60/gallon with California above $6/gallon. With the complete ban of Russian oil by the EU, the gas prices is going to get much much worse. Experts are talking about $6/gallon by August with California aiming for around $10/gallon. The Biden administration kept releasing oil from the strategic petroleum reserve and IT DID NOTHING TO LOWER PRICES! His energy secretary Jennifer Granholm, who was seen laughing at the question regarding gas prices during her TV interview, keeps claiming that the Russian invasion of Ukraine as well lowered oil and gas production related to the pandemic played a role in those significant record gas prices. Granholm is by far one of the worst Energy Secretary we have ever had! She needs to resign for all the lies and deceptions she gave to the ones who are struggling with this high inflation. Put on CNN, Fox News, the evening news, and all they talk about is those outrageous gas prices!

Under Trump, gas was within $2-$2.80/gallon throughout his presidency. Even when oil prices go up just a little bit, he sent out angry tweets blaming OPEC for the price hike. But that hike was nothing compared to the one we are having now under Biden. $2 to around $3 a gallon was acceptable for most people. After Trump left, Biden took office by stopping construction of the Keystone Pipeline, ban oil and gas drilling in the Arctic, and limited oil and gas production on his first day as president! Americans are hurting financially because of Biden's energy policies, and now EU's plan to cut all Russian oil.

I really wish Russia didn't invaded Ukraine and Biden didn't shut down some oil production on day one. If they didn't do all these things, then we would not be experiencing a big bad inflation.

[Steve_American]

So, this week the EU is trying to come up for a deal that will ban Russian oil from the market. The oil market is very nervous because if they agreed to start banning the imports of Russian oil, that will make the energy crisis worse. Right now, the national average for gas is now $4.60/gallon with California above $6/gallon. With the complete ban of Russian oil by the EU, the gas prices is going to get much much worse. Experts are talking about $6/gallon by August with California aiming for around $10/gallon. The Biden administration kept releasing oil from the strategic petroleum reserve and IT DID NOTHING TO LOWER PRICES! His energy secretary Jennifer Granholm, who was seen laughing at the question regarding gas prices during her TV interview, keeps claiming that the Russian invasion of Ukraine as well lowered oil and gas production related to the pandemic played a role in those significant record gas prices. Granholm is by far one of the worst Energy Secretary we have ever had! She needs to resign for all the lies and deceptions she gave to the ones who are struggling with this high inflation. Put on CNN, Fox News, the evening news, and all they talk about is those outrageous gas prices!

Under Trump, gas was within $2-$2.80/gallon throughout his presidency. Even when oil prices go up just a little bit, he sent out angry tweets blaming OPEC for the price hike. But that hike was nothing compared to the one we are having now under Biden. $2 to around $3 a gallon was acceptable for most people. After Trump left, Biden took office by stopping construction of the Keystone Pipeline, ban oil and gas drilling in the Arctic, and limited oil and gas production on his first day as president! Americans are hurting financially because of Biden's energy policies, and now EU's plan to cut all Russian oil.

I really wish Russia didn't invaded Ukraine and Biden didn't shut down some oil production on day one. If they didn't do all these things, then we would not be experiencing a big bad inflation.

Beginning at the 1 hr. and 3 min. mark, Peter Zeihan explains the world energy market since the Ukraine War started. You, sir, disagree with Peter. Peter seems like a good source for the truth. Biden's policies had close to zero to do with the current gas prices. For example, the Keystone pipeline is unfinished and about 2 years from being finished. Please explain how a lack of supply 2 years from now has much effect on current prices in a competitive market place. Peter never mentions this pipeline.
. . . Peter asserts that the US produces more oil and natural gas than it consumes. He asserts that in late summer Biden will use his lawful authority to ban all oil exports. This will bring down gas prices in the US. It will be bad for Europe which is why he isn't doing it now.

I have already recommended this very long video in another thread. Anyone who wants some good facts on the world oil market can start at the 1:03 mark in this video. You will learn a lot.

I see that this video as unavailable. It isn't really. Take the [==] out of the below address and put it in your browser to see it.

https://www.you[==]tube.com/watch?v=qWyhKobyM68&list=TLPQMjkwNTIwMjLUcURnIyfEYg&index=7

[ckaihatsu]

Why Germany is hooked on Russian gas