Ask Russia to sell oil! The US government started to "overthrow" itself?

[Rui Kan America] Ask Russia to sell oil!

The US government started to "overthrow" itself?

　　Zhongxin Finance, June 10 (Gong Hongyu) "The horse is asked to run again, and the horse not to eat grass". Recently, in response to the skyrocketing oil price, the US government has done such a thing.

　　On June 7, U.S. Treasury Secretary Yellen said that the United States intends to allow Russian oil to continue to flow into the international market, but it needs to limit Russia's oil earnings.

　　What kind of operation is it to ask Russia to sell oil without letting others make money?

FILE PHOTO: U.S. Treasury Secretary Yellen.

Photo by China News Agency reporter Zhang Weiran

In the face of soaring oil prices, the US government is "very weak"

　　After U.S. oil prices have skyrocketed and they can’t solve it, the U.S. is thinking about Russian oil again.

　　On June 8, data released by the American Automobile Association (AAA) showed that the national average price of gasoline rose to $4.955 a gallon, another record high and a surge of more than 60% from a year ago.

　　Among them, gasoline prices in the western United States are the highest, with prices exceeding $5 in many states.

California continues to hold the highest unit price, with drivers paying $6.39 per gallon.

.

　　For Americans, filling up a small car with a 13-gallon tank now costs tens of dollars more.

"I can't afford to refuel, and I won't drive if there is no emergency in the future." Some Americans even said in a frenzy that they were going to sell their car and walk to work.

　　At the same time, the failure of the government's measures to curb oil prices has also added fuel to the dissatisfaction of the public.

Although US President Biden has taken some measures to control oil prices, the results are not obvious.

　　On the 7th, U.S. Senator John F. Kennedy attacked the U.S. government's economic policies in a program, satirizing the soaring oil prices.

"I don't know where you live, gas prices are so high in my state that cocaine (a drug) might be cheaper."

　　According to CNN, Commerce Secretary Gina Raimondo said: "Unfortunately, this is the harsh reality, and there is not much that President Biden can do to control oil prices."

Does it depend on Russia to solve the problem?

　　High oil prices can not be controlled, whose problem is it?

U.S. government officials generally believe that this has nothing to do with Russia, and the conflict between Russia and Ukraine is the "booster" for the rise in global oil prices.

Specifically, the unresolved state of the Russia-Ukraine conflict has led to multiple rounds of sanctions against Russia, affecting crude oil supplies and pushing up global oil prices.

　　Among them, on March 8, the United States announced a ban on the import of Russian energy (including crude oil and certain petroleum products, liquefied natural gas and coal).

　　But the irony is that although

.

　　The U.S. Energy Information Administration (EIA) disclosed that in March this year, Russia climbed from the position of the ninth largest crude oil supplier to the United States to sixth, reaching 4.218 million barrels.

At the same time, in terms of the overall supply of crude oil and refined oil products to the United States, Russia still ranks third, increasing by 8.7% year-on-year to 17.825 million barrels.

　　Some analysts believe that the United States has already made a "small calculus" for continuous profit: while allowing its allies to pay for the negative impact of sanctions against Russia, it will make a lot of "war money".

　　However, at present it seems that this "small abacus" is a bit overturned.

The government, which cannot control oil prices on its own, seems to have "appreciated" the importance of Russian oil again, and has begun to overturn the previous "hard" sanctions plan against Russia.

　　On June 1, Biden said that the U.S. government was considering other options, such as buying Russian crude oil “below market prices.”

　　U.S. Treasury Secretary Janet Yellen emphasized

.

The U.S. goal is to limit Russia's profit from selling oil.

In this regard, the United States is "very active" discussing relevant plans with European countries.

Data map: A gas station in the United States.

Photo by China News Agency reporter Liu Guanguan

Can the United States "turn over" with Russian oil?

　　Data show that the US domestic oil supply is currently at a low level.

The pressure on U.S. oil supplies isn't going to get any easier as the summer driving season begins.

EIA also issued a document on the 7th that lower inventory levels magnified the possibility of oil price volatility.

　　Not only that, the surge in oil prices comes at a time when U.S. production growth has been relatively limited this year.

EIA expects U.S. crude oil production to rise from 11.19 million barrels per day in 2021 to 11.92 million barrels per day in 2022, an increase of 6.6% from 2021;

　　Matt Smith, chief oil analyst at Kpler, believes that high gasoline prices show little sign of easing, and the measures of the Biden administration will not bring down oil prices.

"The

. You can make decisions about domestic supply, but if it doesn't have an impact on the global situation, it won't have an impact on the gas station."

　　Andy Lipow, president of consulting firm Lipow Oil Associates, expects the national average gasoline price to break the $5 mark within the next ten days.

JPMorgan Chase previously predicted that the average U.S. gasoline price could rise above $6 this summer.

　　However, regarding the oil purchase plan proposed by the United States, Russian Presidential Press Secretary Peskov said at a press conference on the 2nd that in any case,

, although Russia is now facing the artificial dilemma caused by sanctions, But

at a loss .

(Finish)