OIl

The price of oil has risen $30 a barrel since Biden took office. Russia exports about 10 million barrels a day and that is now bringing in $100 billion dollars per year. This represents one/third of Russia's economy. Add to that Biden has approved the new natural gas line from Russia to Europe and Russia is doing quite well these past 6 months. Gas prices in the US have increased by one/third. U.S. will import 62% more crude by 2022 due to domestic production declines, says EIA Some feel that Biden wants gas prices to rise to encourage the use of electric cars and reduce CO2 just like Obama wanted when he said your utility cost will, "necessarily sky rocket". Neither of these two will be adversely effected by gas prices or utility cost.