What Factors are Leading the Price Hikes in Oil and Gas After the Invasion of Ukraine?
Description
The Russian invasion of Ukraine has added to prices increases for oil and fuel all over the world. Prices have been a steady rise during the recovery from the COVID-19 pandemic. What were the reasons for prices to hit record levels after the invasion? Does President Biden control oil prices? Did he stop oil production in the US? Why are we not producing more oil and making more fuel? These are just a few of questions we will look at on this episode. Let's get started.
Show Links:
https://www.investopedia.com/articles/economics/08/determining-oil-prices.asp
https://www.republicworld.com/world-news/russia-ukraine-crisis/explained-how-russia-ukraine-war-could-affect-gas-prices-in-us-and-europe-articleshow.html
https://www.cnn.com/2022/03/12/energy/us-gas-prices-russia-oil/index.html
https://www.vox.com/22959903/russia-ukraine-oil-gas-price-europe-us-exports-climate-change
https://en.wikipedia.org/wiki/Keystone_Pipeline#Phase_4_(canceled)
https://www.nrdc.org/stories/what-keystone-pipeline#whatis
https://www.factcheck.org/2022/03/examining-u-s-energy-independence-claims/
United States
