Prices for oil and gas provoke a collapse of the US economy UAE and Saudites refused to meet with Biden And sunset of Europe
- Mar 11
The economic confrontation provoked in the world continues to twist the spiral of the food and energy crisis. The latter sweeps very loudly by countries that do not provide their safety in critical sectors. This, however, also includes the united Europe.
And on the contrary, even loyal to the US countries flatly refused to increase oil production to compensate for record prices in American gas stations. The situation even forced the United States to turn to Venezuela, despite the accumulated contradictions. And what awaits the EU in the coming years?
Since the resignation of Donald Trump, the price of gasoline in the United States rose from $ 2 per gallon (4.5 liters) to $ 7.5 for the same amount of fuel. Actual growth 4 times a year. Food inflation last year exceeded 7%, while only 1.5% of them, with the words of analysts, can be written off to the rise in price of oil. The cause of the remaining 5.5% was quantified mitigation (uncontrolled emission of money to overcome the effects of a pandemic).
The consequences of such processes in the States will be much harder than other countries. The main problem is that fuel prices in the United States have always been supported at minimum values. This product is considered socially significant. Since the Americans tried to make as mobile as possible so that they could move on very voracious cars, changing housing and work.
However, the US refusal from Russian oil and fuels, which accounted for 7% of imports, threatens the collapse of its processing industry. It should be understood that only 3 countries: Russia, Venezuela and Iran are supplied to the global market: Russia, Venezuela and Iran. Washington managed to quarrel with all three.
The situation is really critical and threatens the energy collapse. After all, refinery, depending on the heavy Russian oil, the United States has about 30 pieces. How to solve this problem is strongly incomprehensible. Representatives of Washington visited Venezuela, but to convince the administration of the country that the economic struggle was carried out for years, not so simple. In addition, 70% of the entire oil sector of Venezuela belongs to the Government of the Russian Federation.
Yes, you did not hear, it was the Government of the Russian Federation. After Rosneft left the Oil Sector of Venezuela, she passed its shares in oil production projects to the Russian government. Here is the news of 2020:
It is still extremely difficult to predict whether the parties will be able to negotiate. Probably it will take some time. But the oil of the United States is needed here and now. Otherwise, ordinary Americans should think about transferring to public transport, which, due to the reasons described above, is not very developed.
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The consequences of the increase in energy resources for the economies of consumer countries will be much more significant. After all, you should not forget that logistics costs can be 50% of the ultimate cost of goods. That is, a chain reaction in all sectors of the economy is guaranteed.
In addition, Russia responded to the sabotage of maritime transport to the export of fertilizers.
There is an indicative of the statement by the head of the FRG MFA Annala Berbok, in response to calls to abandon Russian oil:
This is a very unexpected and hard statement, if you remember that Berbble represents the camp of the German "green." Does this mean that the European economy is clamped between the hammer and anvil? After reading this material, try to give an answer yourself.
In one of our materials, we have already mentioned that Saudi Aramco percent out of 30% exaggerated its oil reserves, it followed the audit report. But it means that oil reserves in the Middle East are gradually reduced. And selling your non-renewable resources for snots there are no hurry there. Even in exchange for the title of "Strategic Partner" of the United States. The oil crisis of 2020 was mainly provoked by Saudi Arabia. And the US shale sector suffered from this crisis, which lost from 30 to 50% of production facilities. And today, after 2 years, oil is already trading $ 120 per barrel.
Against this background, quite interesting news came from Er-Riyadh and Abu Dhabi. On the eve of the introduction of a ban on the supply of Russian oil, the White House administration tried to sell Saudi Arabia and the UAE on two issues:
But meanwhile, the Wall Street Journal newspaper reported:
It is natural to assume that the bay countries did not want to solve the problems of the United States and Europe at the expense of their budgets.
And "Komsomolskaya Pravda" has already managed to spend parallels and came out with the following heading:
In any case, make conclusions yourself. It is clearly unambiguously state that at this stage of resource development to maintain a high standard of living, subject to confrontation with energy exporting countries, Europe has no. Soon, the EU will have to make a choice between a decrease in living standards (which means actual suicide for any mode) and establishing bridges with Russia.
European states looked at the abyss for too long, and she, as you know, sooner or later, will begin to look in response. And what choice in such conditions will make European countries?
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