Rebecca Jarvis reports on the economic impacts the war in Ukraine is having on U.S. energy prices.
LEARN MORE:
Russia-Ukraine live updates: https://abcn.ws/3HNuvD0
#ABCNews #Russia #GasPrices
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Rebecca Jarvis reports on the economic impacts the war in Ukraine is having on U.S. energy prices.
LEARN MORE:
Russia-Ukraine live updates: https://abcn.ws/3HNuvD0
#ABCNews #Russia #GasPrices
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You mfrs better not I already pay more than $5 per gallon.
I’m willing to pay more at the pump longest they ban oil from Russia
We Are paying 5$ a gallon…..Who is calling for ban on Russian Oil?The Rich The Gobernment? Not the average American citizen
US must rapidly increase its production capacity before asking Venezuela's Maduro.
US must not sub one evil monster by another.
I'm definitelly for banning of russian oil. EU and USA must find the replacment for russian oil and devastate russian war machine completelly.
Oil ban : Paying more is better than get people killed. Every extra dollar we pay safe life in Ukraine. Our saving should not come from Ukrainian blood.
A ban of Russian oil imports would mean higher oil prices for the US. It will mean higher inflation in the US and EU. It will also mean higher manufacturing costs, which will make US products harder to export. It will mean more income for Russia as oil prices rise worldwide. In contrast just pushing US oil E & P companies to produce/develop more oil will push oil prices down in the US especially, but all over the world including Russia. This will mean less Russian oil income. It will mean a US advantage in manufacturing costs with lower WTI prices. This should help the US economy. The extra development monies the oil E & P companies spend drilling and producing the oil should provide more jobs. If we have a recession coming on because of this war, more jobs will be good. Lower oil (and gasoline) prices will help. People want to retaliate against Russia; but they are economic idiots in their choice of tactics when it comes to banning Russian oil imports. I sincerely hope the public and the Congress get a clue before they do this disastrous strategy.
On top of this, the US and EU need to be able to use a possible ban of oil exports to China (about 10 million bopd of imports) to discourage the Chinese from attacking Taiwan. If Russia starts shipping all of its exported oil China (about 5 million bopd) that would make any ban of export of oil to China less effective. The undesired Russia to China exports would already be in place. Putin is already uncontrollable; but Putin would not likely want to destroy all Russia's normal oil trade on a whim. A ban of Russian imports would hurt those who export oil to China currently — worsen the coming recession for them. It would also align Russia and China against most other countries. This would not likely be a good thing. I could go on; but more would probably just dilute what I have already said.
HAHAHA your cars are paying all the military equipment of Russia 😅🤣😂
¡FUERZA RUSIA!
💪ðŸÂ»🇷🇺✊ðŸÂ»
No need to place an oil ban for Russia, the current Sanctions are doing the desired damage to the Russian economy. There is no need to hurt aur own economies beyond the inflation brought about by the Pandemic. Keep the pressure on Putin and the Oligarchs by declaring the Sanctions will be long standing.
Norway have more oil to give but control to production due to their reason of climate change. NOW is the time NORWAY to contribute their part to help EU nation.
Wow is she really tellin that lie?
It's time to de-esculate the situation. Banning oil is unnecessary when there's all already enough sanctions as there can be without it starting to harm ourselves greatly.
Lots of untapped oil in Mexico 🇲🇽
Any American politician who supports buying oil from our enemies Russia Iran Vemizualia and to not allow American energy to once again make us energy independent needs to explain why they are not traitors and should not be tried as such. Hope and pray for everyone to see the light and do the right things for everyone not just themselves. My opinion
the 1960s British music invasion was wonderful Beatles, Let It Be https://www.youtube.com/watch?v=HzvDofigTKQ putins Ukraine invasion is terrible and sad
ÑрøтðýÑÂÂьúõ üу÷øчýõ òтþрóýõýýѠ1960-Ñ… рþúіÃ² ñуûþ чуôþòøü Beatles, Let It Be https://www.youtube.com/watch?v=HzvDofigTKQ òтþрóýõýýѠßутіÃ½Ã° ò ãúрðÑâ€â€ÃƒÂ½Ñƒ öðхûøòõ Ñ– ÑÂÂуüýõ
If some dummy hadn’t cancelled the Keystone pipeline and shut off the oil, we wouldn’t be in, nearly, this deep.
We have our own oil. IT'S TIME TO USE IT!!!
https://www.youtube.com/watch?v=wLTqCChi34E FLASHBACK: Biden, September 2020: “I would transition from the oil industry, yes.†Biden warned people in advance. What's the problem? "Come on man, it's not a joke."
In the last 7 years, I've spent $0.00 on gasoline. No car. I walk. Cost of walking: $0.00 per mile. The only drawback is that you get healthier with the exercise.
Your own is cheaper compared to Ghana we buy one gallon for 6 dollars and i buy 5- 6 gallons a day
it's only 3% of imports and is probably used at the Russian owned LUKOIL Gas Stations
which exists along a corridor from Maryland to NYC
Be nice if we could go back to the trump era energy policies
Shut it off!!! Wtf??
Putin won't last 30 days..he has no Reserve economy.
Canada can produce more oil, so why would you go elsewhere?
Ban Russian Oil Already!
Looking forward to $10 gas! Here you go! https://www.youtube.com/watch?v=MY3JsqVR_04
What is the US Secretary of Energy doing about the gas price inflation? What is the strategic oil reserve for? DO YOUR JOB! NOW!