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Another oil price surge is expected in December in the U.S. if a European embargo on Russian oil goes into effect and the Saudis refuse to increase production to make up for the anticipated drop [...]
Consumers on the face. second we need to ban and export g gasoline to our european allies. >> you have been talking about the sales to china for months now. are you getting any engagement from the white house on this? >> victor, we finally are. they're saying they're open to locking at the proposal and they're saying there's going to be consequences for the saudis and i think it's time to act. i have called on the president to give a prim jetime address o what we will do, and two things are an export ban and also being tougher on the saudis. >> i want to talk about the consequences for the sau...
Economy as a top priority when even larry summers, formerly of a democratic administration, the obama administration, sounded the alarm about that plan, saying it was the least responsible economic policy in 40 years, and that it could engender significant and persistent inflation. and john, we now know that was a correct forecast based on the cost of that plan, $1.9 trillion. i heard the same thing peter did, when she said as far as his number one economic priority is inflation. voters say it's their number one priority. >> john: yeah, absolutely. and people will render a judgment on what the...
Applying these sanctions. but what's really going on behind the scenes that kevin just described is this export ban on electronic components. that's being run by the secretary of commerce. the secretary of commerce is a key part, a key partner, and she's doing a great job of shutting down the russian economy and its dependance on these components, electronic components, that the russians can only get from outside the country. >> this is a consequence of the western imposed sanctions, right? >> the sanctions are there, and a component of those sanctions is this export ban, where we're not suppl...
US refiners requested the Energy Department to reconsider a potential natural gas export ban, and explained the intricacies of the natural gas supply chain, and the adverse price and job impacts as well as geopolitical implications the country could be forced to endure in such a scenario.