In this article, we talk about the Wataniya bitumen list , the oil market and
the global variables that affect the situations. Respectively, we start the
following article with the United States’ recent decisions. “The United States
has a vested interest in the stability of the global economy, and that means
that the United States government, no matter how they think about oil,
should,” said Amy Myers-Yaffe, a professor at the Fletcher School of
Law and Diplomacy at Tufts University.
He believes if prices rise too quickly, it could have devastating consequences
for importing and low-income countries. This is also important inside the
United States, especially since higher crude oil prices mean that the
poorest Americans have to spend a higher proportion of their income on fuel. It’s important to mention that the Biden government’s message is inconsistent
with climate goals. In other words, the growth of the crude oil market,
coupled with the easing of the corona restrictions and the rapid growth
of the number of people vaccinated across the United States,
has led to a sharp rise in gasoline prices in the United States.
As a matter of fact, the average price of gasoline in the United States has
now reached $3 per gallon, and while this price seems good and cheap
compared to the price of gasoline in Europe, it represents a 45% increase in
the price of gasoline for consumers. Pre-sale gasoline prices in the
United States are now at a seven-year high. That is why the Biden
administration is eager to discuss cost-effective energy with the
Saudi Minister of Energy just hours before the important
OPEC Plus meeting to decide on the level of global oil supply.
“This says a lot about the political sensitivity of the Biden administration
to increase,” said Bob McNally, coordinator of the Rapidan Energy Group
and former White House adviser during the George W. Bush administration. “I expressed gasoline in supply pumps.” Of course, Granholm’s tweet came
at an inopportune time, as just hours after Joe Biden unveiled a $2 trillion
plan to green the country’s infrastructure and electrify cars,
buses and trains, Granholm tweeted from The Saudi Minister of Energy wrote.
Moreover, the transportation sector in the United States is the largest emitter
of greenhouse gases in the country, and gasoline is by far the most
consumed petroleum product in the country. In fact, Biden wants to
raise the standard for fossil fuel economy to prevent pollution from the
sector, and to make the United States the center of gravity for electric
vehicles worldwide by installing electric vehicle charging stations
across the country.