Posted on 11/01/2021 6:54:47 PM PDT by MNJohnnie
ROME—U.S. President Joe Biden on Saturday urged major Group of 20 (G-20) energy producing countries with spare capacity to boost production to ensure a stronger global economic recovery as part of a broad effort to pressure OPEC and its partners to increase oil supply.
With oil and gas prices surging, some energy-producing countries such as Russia and Saudi Arabia have not boosted output enough to satisfy countries that are largely energy consumers and worry about energy shortages and inflation.
French President Emmanuel Macron echoed those concerns in an interview with the Financial Times, urging the summit to push for better “visibility and stability on prices” to avoid undermining the post-pandemic global economic recovery
Rocketing natural gas prices, with the European benchmark up almost 600 percent this year, have been fuelled by low inventories and surging demand.
Russia, a major natural gas supplier to Europe, and its energy giant Gazprom are being urged to do more to ease prices in the spot market.
Russian President Vladimir Putin did not come to Rome for the summit.
Comments from Russian Deputy Prime Minister Alexander Novak earlier this month sparked fresh tensions over the Nord Stream 2 undersea gas pipeline from Russia to Germany, which Washington has long opposed and which is now awaiting clearance from a German regulator.
Novak said clearing the pipeline could help ease shortfalls, sparking concerns that Russia has failed to boost its production of gas—currently delivered via land-based pipelines—precisely to put pressure on Europe to approve Nord Stream 2
Perhaps with a few pallets of cash air dropped in the dark of night might entice iran.
He’s blinded by his ideological viewpoint of how evil the United States is, and how it has fallen to him to put us in our place.
He, and people like him, have no problem pursuing this line of thought, even though it makes absolutely no sense at all. They either suffer from delusions, or they’re just plain evil. No other options exist as far as I’m concerned.
Shaking head….how stupidly to defy logic.
Build Back Barren - Cho Biden 2021
It’s like a vegetarian begging someone else for a steak, because they’re starving to death on their chosen diet of twigs and grass.
We must reduce carbon to save the planet.
Oh, and please release more carbon.
The dude is a fool.
You nailed it. We didn't have an energy crisis under President Trump. Wonder why? Now all the suburban women filling up their Honda Odysseys are thinking twice about voting for Biden.
This proves Biden is suffering from the Old Senior Base Ball Syndrome,,,,,,When an old man doesn’t know his A$$ from First Base.
Listening to Biden fumble his words while saying Russia not supplying more energy was “not right,” was simply pathetic.
Biden and his leftist and deep state masters have declared war on Russia, and have declared war on basically on all forms of energy - and here he is whining how Russia will not ship more energy. Putin is laughing his @ss off.
Wait…I thought green fuel was the saving grace of the world.
No kidding.
*shaling head
Can I steal that?
Maybe you should take the shackles off America who was self-sufficient a few months ago.
Looks like Russia’s and China’s covert effort to financially support western anti oil climate change groups is starting to pay dividends…
…but I’m sure that was only a conspiracy theory…until it happened. /s
Isn’t it ironic?
He’s such a doofus
Trump had it right. You need ALL sources.
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