Oil Prices Climb Above $80 Per Barrel Amid Biden’s Latest Sanctions. Crude oil prices have surged in the wake of sweeping sanctions on Russia’s oil and LNG sectors by President Biden. It could cost the Russian economy billions of dollars per month, officials said.

https://www.newsweek.com/oil-prices-climb-biden-sanctions-2013971

by mafco

18 comments

  2. Trump is to weak to keep this up, he’ll bow to Putin next month.

  3. Fact is most crude we consume here in the states is actually made/drilled/collected here in the states the problem is OPEC gouging any and all on a whim and being allowed to get away with it, by the hand jobs they give/get by the rich oligarchs is the problem. Rich have to be allowed to get richer on the backs of the non-rich after all.

  5. i understand that they had been fighting inflation at the same time, but this should have been done a long time ago

  8. This will put Trump between a rock and a hard place. He wants to be Putin’s bootlicker, but doesn’t want to appear to be Putin’s bootlicker. What will he do?

  10. I think its silly how the current administration is doing these last minute changes when we all know they will get undone next week. I mean if they were really serious about this change it would have been made a while ago.

  11. Not to mention what it will cost American citizens at the pump.

  12. Lol surged to $80 a Barrell. Adjusted for inflation that’s like the perfect average price for what crude oil costs over time.

  13. Or it could be the FACT that OPEC is currently suppressing production by near 3 million barrels per day to keep oil prices stable at $80 per barrel.

    But why let facts mess up a good narrative?

  14. But the president can’t do anything to affect gas prices…../s

  15. Quit being a cry baby you have absolutely no control over the prices that you have to pay at the grocery store if you don’t like what’s your hand to do then create a garden raise a pig and a cow and some chickens and the sufficient as long as you let the Republican party control this country you’re doomed in the story good day

  16. I don’t care who’s to blame… or why, after Jan 20th, if gas goes up, I’m printing “Trump did this” stickers. Those stickers are going on egg cartons too.

  18. Astonishing, rationale for this – make life harder for an average citizen because of political confrontation.

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