What oil bosses are saying about the global energy crisis
Could prices hit $200 a barrel? | Business
Source: economist.com
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Could prices hit $200 a barrel? | Business
A US embargo would have more bite if it were joined by the European Union.
The movement to bar imports of Russians oil exports has gained momentum in recent days in Washington following Moscow's brutal invasion of Ukraine.
With public outrage over the invasion of Ukraine rising, Biden administration is less able to resist measure, which could further increase inflation and prices at the pump
The White House appears to be moving toward the idea of banning oil imports from Russia in response to bipartisan clamor from Congress.