The rising price of petrol presents a challenge for President Biden as maintaining stable gas prices becomes a key priority ahead of the election. Balancing geopolitical tensions with Russia, Iran, and Venezuela while avoiding disruptions in oil supply is crucial.
For the U.S., keeping oil prices stable has become a bigger priority than being tough on Russia, Iran and Venezuela https://t.co/Z7MLsDFc4e https://t.co/Z7MLsDFc4e
"You don't want to disrupt supply. On the one hand, they want to reduce Russian revenue but keep the oil in the market so we don't have a crisis," says @DanielYergin on #oil and geopolitics. "It's a really tough balancing act and it can get pretty unsteady." https://t.co/BCkD7xr7aF
🇺🇸🛢️ Biden administration wants to keep gas prices stable ahead of the election, - WSJ 🚫 The effort has run square into another priority: being tough on adversaries Russia, Iran and Venezuela. The policy has led to softer-than-expected sanctions on major oil producers! https://t.co/FPZpDXOYcx
#Election-year politics is a reality, but that does not mean the administration should leave the national interest—and the world's energy needs—in the rearview mirror, argues Tatsuya Terazawa in @TheNatlInterest. https://t.co/T70mpGjHmc
WSJ: “U.S. Talks Tough on Russia and Iran—So Long as It Doesn’t Raise Gas Prices” https://t.co/Yf7phn7vM5
Keeping oil prices stable has become a bigger priority than being tough on Russia, Iran and Venezuela https://t.co/41Xk5XxHzo via @WSJ
Biden has yet another problem: he can’t be tough on Russia, Iran or Venezuela bc he has to keep gas prices stable ahead of the election A case in point: U.S. levied fresh sanctions against Iran on Tuesday. The measures affect fraction of country’s oil exports & are unlikely to… https://t.co/tP5EYesG8A
U.S. Talks Tough on Russia and Iran—So Long as It Doesn’t Raise Gas Prices - WSJ
“It is when prices begin to approach $4 a gallon the political heat really begins to rise…it will certainly be a key priority for the Biden administration to prevent prices at the pump from flowing into the ballot box,” writes @DanielYergin in FT. https://t.co/EHspz9Pgfr
The price of petrol may still pose problems for Biden - FT oped here from @DanielYergin, vice-chair of S&P Global and author of ‘The New Map: Energy, Climate, and the Clash of Nations’ https://t.co/fYUqiyGUD6
The price of petrol may still pose problems for Biden https://t.co/A2uYmeWgIc | opinion