The analyst predicted the collapse of Biden’s historic decision on oil

Joe Biden took extreme measures after giving up oil from Russia
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Sanctions against Russia in general and the Urals in particular

US President Joe Biden’s decision to use the country’s record oil reserves will not help fight rising energy prices. This opinion was expressed by Vladimir Demidov, an international expert on the resources and energy market.

“Biden is going to spend a third of them [нефтяных резервов] – and this will have a significant impact on prices in the long run, because these reserves will need to be replenished. Therefore, I expect the price to fall, but later it will rise again due to the sanctions imposed on Russia, “Demidov told Ridus.

According to the analyst, this decision will help reduce the cost of gasoline in the United States only for a short time. The price will increase after the reserves open, Demidov said. He believes Biden has made the decision to temporarily lower domestic oil prices ahead of the fall Senate election.

Biden has instructed to use record amounts of strategic oil reserves of up to 180 million barrels in six months. The United States has previously given up oil and gas from Russia. This happened after the imposition of sanctions against Russia over a special operation in Ukraine. The restrictions were approved by the United States, the European Union, Britain, Japan and other countries. Amid sanctions in the United States, the price of gasoline has risen and inflation has risen, as has the president’s rating. Sanction pressure on Russia has continued since the early 2000s.

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US President Joe Biden’s decision to use the country’s record oil reserves will not help fight rising energy prices. This opinion was expressed by Vladimir Demidov, an international expert on the resources and energy market. “Biden is going to spend a third of them [нефтяных резервов] – and this will have a significant impact on prices in the long run, because these reserves will need to be replenished. Therefore, I expect the price to fall, but later it will rise again due to the sanctions imposed on Russia, “Demidov told Ridus. According to the analyst, this decision will help reduce the cost of gasoline in the United States only for a short time. The price will increase after the reserves open, Demidov said. He believes Biden has made the decision to temporarily lower domestic oil prices ahead of the fall Senate election. Biden has instructed to use record amounts of strategic oil reserves of up to 180 million barrels in six months. The United States has previously given up oil and gas from Russia. This happened after the imposition of sanctions against Russia over a special operation in Ukraine. The restrictions were approved by the United States, the European Union, Britain, Japan and other countries. Amid sanctions in the United States, the price of gasoline has risen and inflation has risen, as has the president’s rating. Sanction pressure on Russia has continued since the early 2000s.

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