and mr biden says he says in his actions along with international cooperation will help bring those under control. i international cooperation will help bring those under control.- bring those under control. i have coordinated bring those under control. i have coordinated this bring those under control. i have coordinated this release - bring those under control. i have coordinated this release with - bring those under control. i have l coordinated this release with allies and partners around the world. already we have commitments from other countries to release tens of millions of additional barrels into the market. together they will supply over a million barrels a day. nations coming together to. and families in democracies around the world. david goldwyn was a top state department energy official in the 0bama administration. he s now president of goldwyn global strategies, an energy advisory consultancy and hejoins us now.
Oil prices are spiraling higher on supply concerns as the Russia-Ukraine crisis develops, and this could lead to demand destruction and an economic recession, according to an oil analyst. “I’m concerned that we don’t have enough oil at all here, and we need to go to $120 to $150 [per barrel], and then we get .
There are fears that high oil prices will be highly recessionary, destroy oil demand and slow down a lot of economies, said Paul Sankey of Sankey Research.
There are fears that high oil prices will be highly recessionary, destroy oil demand and slow down a lot of economies, said Paul Sankey of Sankey Research.