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Old 23-11-2021, 19:38
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KostiaFM KostiaFM is offline
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Default Re: Daily Economic news by ForexMart

November 23. Trump criticized the current US energy policy

Former US President Donald Trump criticized the policy pursued by the current head of the White House Joe Biden in the energy sector. Trump noted that the United States is at the mercy of OPEC, and gasoline prices in the domestic market of the country continue to rise.

The former American president said that earlier for decades, strategic oil reserves in the United States were very low, since no president was engaged in replenishing them. During the Trump presidency, the reserves were replenished as much as possible, and they were intended for use in serious, emergency situations, for example, in the event of war. Biden's current policy seems outrageous to Trump.

«We were energy independent one year ago, now we are at the mercy of OPEC. Gasoline is selling for $7 in parts of California, going up all over the country, and they are taking oil from our Strategic Reserves. Is this any way to run a country?», Trump was indignant.

Recall that today Joe Biden announced the release of 50 million barrels of oil from the strategic reserve in order to lower commodity prices. It is noted that China, India, Japan, South Korea and the United Kingdom also intend to use oil from their national strategic reserves.
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