Biden (America) is out of friendsThe smack down of oil prices today helped the pros but it is just delaying the inevitable.
Higher oil prices are coming before eventually settling back down.
Nobody can replace the 4 million barrels per day that Russia is suddenly sitting on.
Biden has poked the pooch and is stuck with the puppies in terms of destroying international relationships with oil producing countries.
MBS has America begging but he won't take Biden's calls and neither will any of the other Middle Eastern heavy weights.
Venezuela's Russian puppet dictator now has the USA begging. How ironic is that.
In regards to Canada, the second most obvious choice for Biden to be reaching out to, all we hear are crickets. Biden's first day cancellation of KXL is looking awfully stupid these days. I watched a video today of a veteran pipeline worker who said Keystone XL could be pumping oil in 8 months from today if Biden would swallow his pride. In fact, KXL would be moving 800,000 bpd now if Biden's left wing masters hadn't backed him into a corner.
Finally, we get down to America's most obvious choice for additional supply of oil which is America itself. But, you guessed it, Biden has alienated American producers in every way possible. Even if American producers wanted to help due to good old fashion greed, Biden has blocked the construction of pipelines which could move additional barrels.
China is backing Russia as they are deep into each other's panties. OPEC is backing Russia as part of OPEC+ and all the military technology and hardware that goes with it. Even Germany and other EU countries are backing Russia in its own way because they don't have any options for energy.
Who is backing America? Canada and the UK.
Canada has oil and could help, but America would rather reach out to Venezuela which it has destroyed with sanctions. That should turn out well.
When all else fails, America still has a bigger military budget than the rest of the entire world put together which it has always been willing to fire up in somebody else's back yard.
How do you think this is going to turn out?