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Will Russia-Ukraine conflict impact the US oil and gas industry?

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As tensions continue to rise between Russia and Ukraine, U.S. leaders worry about the impact on oil and gas markets.

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45 Comments

45 Comments

  1. @wildfire3986

    December 21, 2023 at 8:24 am

    Yes is a mega impact

  2. @jr.gonzalez72

    December 21, 2023 at 8:24 am

    Nothing else's but Gass and oil, the soviet Era pipe line that is all into ukraine territory Gass lines, ukrakne the richest in Gass not only grain , Gass is another resource that makes ukraine the richest place and Russia wants it zelenskyy knows that, is why he's asking US and nato help, diplomacy don't work in any resolution is not what PUTIN really like or wants, So you know !!!

  3. @jr.gonzalez72

    December 21, 2023 at 8:24 am

    The only issue in ukraine and Russia, the truth is that this war is only and mean the only issue here is resources Gass and oil but more now is Gass, do to soviet Era pipe lines that goes through ukrakne and the place they been fighting for all this time is the pipe line nothing else's that is why he want the old soviet union to become a Russia territory again that's the whole war about!!!

  4. @TheEnigmaProductions

    December 21, 2023 at 8:24 am

    YOU'RE NOT WOKE!!!

  5. @JohnMorawietz

    December 21, 2023 at 8:24 am

    interesting that Russian oil supply represent 20% of world supply, so fuel prices should reflect
    that and not more, however, business people and speculators are hedging bets and pumping
    the prices higher. someone wins, someone looses, which side of the fence are you on? 4 months later
    proven to line the wallets of the wealthy so much so, they LOVE IT WHEN SUCKERS GET LURED INTO THEIR
    WEB.

  6. @poorgrower

    December 21, 2023 at 8:24 am

    Only because in the USA they wont lead. They will charge us more

  7. @cher255

    December 21, 2023 at 8:24 am

    I don't know where you guys are buying gas. In the south it's 4.09 for regular, I'm paying almost 4.90.

  8. @michaelirizarry5037

    December 21, 2023 at 8:24 am

    bidens and the democrats parties policies are the reason gas prices are so high as well as the record high inflation we are seing,not to mention the shortages in the u.s. only fools believe anyone else is to blame.

  9. @Van1985RAW

    December 21, 2023 at 8:24 am

    in usa is cheap compared to australia the ausi price is $8.8 AUD. OR. $6.5 usd

  10. @robertfinck1275

    December 21, 2023 at 8:24 am

    Supply and demand is the key. Governments don't hold the power to make russia's gas worthless. Consumers do. Boycott ALL russian products and do Not suppory baby killers.

  11. @oxananikolaeva4088

    December 21, 2023 at 8:24 am

    but answer why is NATO lobbying for the promotion of military bases near the borders with Russia?, negotiations have been dragging on for 8 years, the short-sighted Zelensky openly offered Ukraine as a bargaining chip for a springboard
    NATO, specify who NATO will send missiles to?, obviously not Berlin, Vladimir as a person does not want war, but as president he is obliged to protect the borders of the Russian Federation and its citizens., one a note , with firewood and paper you can still heat yourself and use bicycle instead car 🚘, is very healthy

  12. @randnettebillings4865

    December 21, 2023 at 8:24 am

    Boycott Gas co.

  13. @brianbastien2920

    December 21, 2023 at 8:24 am

    THE BIDEN ENERGY LIES ABOUT RUSSIAN OIL

    THE LIE

    Biden claims there’s no strategic purpose in reducing the world’s supply of oil, so he will not stop using Russian oil.

    THE TRUTH

    Biden has been active in reducing the word’s supply of oil by taking deliberate measures to undermine US production of oil products. What Biden is really saying is he does not want to reduce Russia’s supply of oil.

    THE LIE

    If the US bans Russian oil then prices will go up and that hurts Americans.

    THE TRUTH

    Only the most deliberately blind and dumb can say or believe that. Prices would go up only if Biden permits that. Price is determined by supply and demand. Prices would go down, not up, if Biden reverts to a pro energy approach. That is because the Russian supply of oil can be more than replaced by US firms, if Biden takes his foot of their necks. More supply means lower prices.

    THE LIE

    Biden wants to address high energy prices.

    THE TRUTH

    Biden is opposed to all policies that would reduce prices. Opening the federal reserves, in an amount equal to two days usage, does not reduce prices in a meaningful way, as was demonstrated by the last time he did it. So-called green energy solutions are years and years away. Any suggestions they will lower prices during the next few years is a lie. If Biden will not take his foot off the necks of US producers, he will not allow an increase in supply and he then ensures prices cannot fall.

    THE LIE

    The blame for the high price of energy is COVID or Putin’s invasion of the Ukraine.

    THE TRUTH

    The high price is because Biden refuses to increase the supply of oil products which lowers price. Other comments are political detractors.

    THE LIE

    Biden wants policies that will help the American people

    THE TRUTH

    If Biden wanted to help Americans, he would allow the country to return to energy self-sufficiency (more jobs etc) and let energy be exported. This increased supply would cause lower world-wide prices and hurt Putin, while at the same time helping Europe. Biden is beholden to the left-bent “woke” ideologues who would rather have dirty Russian oil than stop the killing in Ukraine.

    THE LIE

    Biden wants Americans to buy American

    THE TRUTH

    Biden does not want Americans to buy America when it comes to oil. He prefers that the buy oil from Russia and other foreigners.

    THE LIE

    Not buying Russian oil only works if the rest of NATO joins them

    THE TRUTH

    Stopping Putin from getting billions of dollars from US oil sales is significant and will hurt Putin. It is the right thing to do. The value of not buying Russian oil, in itself, is not devalued by what other countries do.

  14. @jamesgrant3578

    December 21, 2023 at 8:24 am

    I guess they want the people to support them stealing Russia's oil and gas!?

  15. @jamesgrant3578

    December 21, 2023 at 8:24 am

    That's what it was about anyway… They did the same thing in Iraq. GEORGE BUSH owns oil companies… What a coincidence!

  16. @jamesgrant3578

    December 21, 2023 at 8:24 am

    That's what it was about anyway… They did the same thing in Iraq. GEORGE BUSH owns oil companies… What a coincidence!

  17. @Cravenmooreheadism

    December 21, 2023 at 8:24 am

    That whole oil independent thing Trump built would of be important right now lol. USA sanctions Russia, than continues buying Russian oil… USA is funding Russia’s invasion!

  18. @steveparker2938

    December 21, 2023 at 8:24 am

    I'm not an economist but I have to wonder why gas is going up as high and fast as it is when we only import 6 to 8% of our oil from Russia. It would seem we could ask South American countries if we could increase our imports and thus help their economies. Willing to be educated.

  19. @n1kkri

    December 21, 2023 at 8:24 am

    You can't be serious to think oil, gas won't go up in price with the war. Don't you remember every time something happened in the middle east the price would go up. Time to jump start our domestic oil, gas and put more oil into the pool and watch prices drop. Why would we want to worry about what happens around the world effecting what we pay? The Country needs Gas and oil for more than just driving around and heating homes. Every product that relies on transportation
    goes up in price. This Country clearly has gone insane. We buy oil from Russia and the other Countries who hate us yet
    we can't increase our own supply domestically to make us less dependent on what happens in the world. That sounds like
    a crime against America. There is no difference in Climate change when you buy from someone else who probably doesn't
    produce it as clean as us.

  20. @siber2830

    December 21, 2023 at 8:24 am

    so much new fake accounts sheeeees

  21. @kansasgardener5844

    December 21, 2023 at 8:24 am

    How is it the Biden administration is still buying oil from Russia while they attack Ukraine? Because Biden is a bumbling idiot!

  22. @socialwriters3664

    December 21, 2023 at 8:24 am

    People are acting like Putin is the only enemy, Biden is the enemy too. America was in a better state with Trump when we had the keystone pipeline. But nooooo, everybody want to be woke now. Good luck paying your $4+ gas

  23. @ladefa2464

    December 21, 2023 at 8:24 am

    If our government wanted to, America could be completely independent for fuel. Too bad our govt. is too greedy and money hungry for that

  24. @victordominguez2091

    December 21, 2023 at 8:24 am

    3.45… Mean while I’m over here in Cali paying $5 a gallon 😫

  25. @josephhebert1785

    December 21, 2023 at 8:24 am

    Does anybody remember back on May 22nd when Joe Biden lifted the sanctions Trump put on Russia when Trump Banned the Nordstrom 2 pipeline, then in June Biden shut down the Keystone Pipeline here in America? Good times huh.

  26. @protectanimals9792

    December 21, 2023 at 8:24 am

    Solar , wind , electric vehicles ! OIL = WAR and a dying planet

  27. @joshuamiller8235

    December 21, 2023 at 8:24 am

    The US only imports about 7% of it's oil from Russia. So why the massive spike in prices here? It's just pure greed by the oil corporations cuz evil Biden wants to push the country to green energy, which I am all for. But in this situation, during an event like this, I am ok with temporarily opening up more oil domestically to make up for the 7% of oil we used to get from Russia.

  28. @JohnPierceNC

    December 21, 2023 at 8:24 am

    Hyperinflation coming very VERY soon… 😡😡🤬🤬

  29. @karmachameleonErin

    December 21, 2023 at 8:24 am

    What if free energy is coming soon, and this is a last ditch effort to get people to buy oil before it’s worthless ?

  30. @ric5683

    December 21, 2023 at 8:24 am

    "But that leads to the question of how sanctions on Russia might impact the U.S. market. As of late 2021, the U.S. was importing 8.5 million BPD of crude oil from all countries. Canada was our top supplier, sending the U.S. 4.5 million BPD. (Having secure oil supplies from close allies highlights the importance of the Keystone XL Pipeline expansion). Mexico was second, at 700,000 BPD, and then Russia at 595,000 BPD. Saudi Arabia was our 4th largest supplier at 555,000 BPD."

    Really means nothing.

  31. @ivaneberle3972

    December 21, 2023 at 8:24 am

    Low prices resulted from buildout of US gas supply network and consequent oversupply. Cratering prices shut down the valves, but it won't take so very long for that shut-in production to flow into pipelines if prices remain above $85/bbl or $4/mcf

  32. @lilsicctv

    December 21, 2023 at 8:24 am

    Gas in LA is 4.79 so Um y’all all been winning it’s Tesla time

  33. @jeffgoodman2803

    December 21, 2023 at 8:24 am

    Only if it puts money in Hunters pocket.

  34. @Jesusisthe1way

    December 21, 2023 at 8:24 am

    Fake news acts like there was never an oil independent USA. Gas was under $2.00 and inflation was WAY down the more Trump freed up America to BE FREE. Now Brandon has closed the pipeline and screwed us over for electric that few want. Nice knowing you America. Enjoy the Biden-flation and sky high prices for food, etc. #liberals are not intelligent like they think they are.

  35. @olivermangunay8934

    December 21, 2023 at 8:24 am

    Elizabeth is freakin hot!!!

  36. @GaasubaMeskhenet

    December 21, 2023 at 8:24 am

    reduce oil consumption by reducing forced labor!
    no more evictions from primary residences!

  37. @chrisloesch1870

    December 21, 2023 at 8:24 am

    better fill up your tanks tomorrow at the latest. iF BRANDON had any brains at all he'd reopen the construction of the keystone pipeline but he won't. Has to be all electric, the man is a total moron.

  38. @ProtectorEnforcer

    December 21, 2023 at 8:24 am

    What is the difference in the price of gasoline at the pump in Russia vs Ukraine? The keystone pipeline was the USAs salvation from foreign prices

  39. @adamwilliamsjr6311

    December 21, 2023 at 8:24 am

    America with their “maximum pressure policy” imposed unlimited sanctions on Iran to squeeze their economy, their economy which I might add has been under constant sanctions since 1980, the sanctions had no effect on Iran cuz China kept buying their s*** !!! U think Russia is gonna have a problem selling ? 🤣

  40. @elpatriotaLX

    December 21, 2023 at 8:24 am

    With Trump the U.S. was 100% energy independent. Thanks Mr. President Brandon for killing the Keystone XL pipeline.
    Now we have to import from Russia and the Saudis again.

  41. @japarnaranidas9281

    December 21, 2023 at 8:24 am

    Biden waste present of amirecan history.👍

  42. @japarnaranidas9281

    December 21, 2023 at 8:24 am

    American bad deplomecy on Russia.

  43. @hennievanrooyen40

    December 21, 2023 at 8:24 am

  44. @asdf3po576

    December 21, 2023 at 8:24 am

    Bring back Trump

  45. @bankingonmoney8224

    December 21, 2023 at 8:24 am

    Let's see demand is high and supply is low. If there is a war prices will increase due to even more demand on oil. If Russia is cut off from contributing to the market there will be even less supply causing higher prices. So a no win situation for the consumer only higher prices.

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