Record prices at the pump and in supermarkets, record profits by oil majors: Global oil markets are tighter than ever as economic demand returns around much of the world but the war in Ukraine tightens supply. Now, with an embargo of Russian oil on the horizon, prices stand to rise even higher. What can consumers do?
Subscribe: https://www.youtube.com/user/deutschewelleenglish?sub_confirmation=1
For more news go to: http://www.dw.com/en/
Follow DW on social media:
►Facebook: https://www.facebook.com/deutschewellenews/
►Twitter: https://twitter.com/dwnews
►Instagram: https://www.instagram.com/dwnews
Für Videos in deutscher Sprache besuchen Sie: https://www.youtube.com/dwdeutsch
#Oil #Inflation #UkraineWar
source
Corporations worldwide really need to start being more sensitive to the buying power of middle/low income families. Unfortunately, governments worldwide, have failed their citizens in properly, fairly, regulating corporate excesses.
Today, whether it is China or the United States, it is not because of hatred, it's because of social injustice! That led to the occurrence of antisocial events! in China it's people driving car crash innocent people in US it's people shooting innocent people!
High oil prices it is JUST BEGINING.Soon Germans will pay 3.5 euro per liter of gasoline. inflation in the USA is 17 % not 8 %
Oil has been higher yet the price at the pump was lower. Oil companies are trying to make back the revenue they lost during the pandemic. The war in Ukraine and moving away from Russian oil are red herrings.
OPEC is racking in huge profits right now
I can sanction Venezuela without a legitimate reason. How can I sanction russia, create a reason by provoking Russia. Now I can sanction russia also I can buy weapons from military industrial complex with tax payers money to get kickbacks. Get kickbacks from Arabs for making oil expensive again.
Meanwhile, America and NATO are begging Russia for oil and gas; PATHETIC. Putin and Russia are in the driver seat. MOTHER RUSSIA RISING
How come he never mentioned that Biden Stopped Pipelines on day one of taking over!
We should have owned Saudi 100yrs ago!
we didnt hear about it in Russia. Here oil and gas and electicity became cheaper
I live in Nova Scotia Canada on the island of Cape Breton… things are so expensive here I don't know how we will get by the coming winter… something has to change very soon …or were going to be in a depression
Ok, just dont sanction Russian oil then if you dont want oil price to rise. The rest of the world suffered for unilateral sanction by the West.
Russia already won
It is a big deal in other countries when prices rise, they have laws that keep them from doing that. So to us everything goes up and we just deal with it instead of throwing tea into the harbor. We lost everything that made us American rebels that fight for this place against the ESTABLISHMENT. The ones who keep making the prices go up day after day. It never stops. Our min wage here just so u all know is $7.25. That has not went up in YEARS! There needs to be a formula that don't let them price hike when our wages are stagnated. This is a rallying cry! Please people we have to do something, this can NOT stand! Should we all go down to the Harbor?
No brainer. Billionaires steal from us. Start wars to steal more.