Political News & Social Views

Tag: Oil Prices

Biden’s Blame Game Will Raise Oil Prices

Instead of taking steps to boost U.S. oil and gas production amid skyrocketing prices and the war in Ukraine, President Biden is standing by his green-energy goals and blaming fossil-fuel companies for the consequences. This will make today’s energy problems even worse.

Perspective: Who’s really responsible for our pain at the pump?

Although Russian oil comprises about 3% of the crude the U.S. imports, prices are expected to climb even higher with similar bans announced in Europe. If the most dire predictions are correct, and the conflict is sustained, hold onto your wallets. Some experts see $6 a gallon coming.

Ukraine conflict: Shares slide as oil and gas prices soar

Stock markets have sunk as soaring oil and gas prices spark fears of a global economic shock from Russia’s invasion of Ukraine.

Oil prices soared to $139 a barrel, their highest level for almost 14 years, while wholesale gas prices for next-day delivery more than doubled.

Saudi crown prince plays the oil card in quest for U.S. recognition

Saudi Arabia’s crown prince says he simply doesn’t care whether Joe Biden misunderstands him.

The prince is instead looking to his oil power to deliver his goals, according to sources familiar with Riyadh’s thinking: recognition from the American president that he’s the real ruler of the kingdom and a stronger hand in the costly Yemen war.

Trump Hits ‘Weak Sanctions’ on Russia

Former President Donald Trump on Tuesday issued a statement hitting President Joe Biden and “the weak sanctions” on Russia, saying the country “has become very very rich” causing oil prices to rise.