True. The low prices hurt the least producing oil rigs but prices have come
Back up. Plus, even when Trump was President he bought oil from Russia while the price was extremely low which meant Putin got a lot less money. Biden increased oil & petroleum imports from Russia by 24% in his first year & increased the importing of crude oil by 163% in his first year when the price of oil was drastically higher than it was when Trump was buying it so Biden has paid Putin a ton more money.
Trump on 6/26/20 announced plans to open Alaska’s National Petroleum Reserve to drilling but Biden suspended all drilling leases on 6/1/21 in the Arctic National Wildlife Reserve.
Obviously, the keystone pipeline will not start working tomorrow but just the announcement that the USA plans to finish it will help as will the announcement that there will be no Nord Stream 2 pipeline.
Putin only plays hardball. It’s time the USA & NATO wake up.
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In response to this post by knapnhokie)
Posted: 03/03/2022 at 06:34AM