Financial Times U.S. economics editor Colby Smith joins “Red and Blue” to break down what natural gas prices skyrocketing in Europe mean for the U.S., where gas prices may go next, and how worried people should be about inflation.

    #news #inflation #economy

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    34 Comments

    1. It's bad enough what's gonna happen to the Board of Governors of the Federal Reserve… I can't imagine to all those that were running their psy-op muhchine, how they will meet their ends. I can fantasize though… no crime against that, or is there? ya' "mental health" tyrants…

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    3. Why did Biden sell millions of barrels of our national reserve to China. Americans are hurting. This should be an impeachable offense. Natural gas is a result of Biden ending fracking in Ohio, Pa..Biden needs impeached…The Us has more raw oil resource then any country in the world…don’t let CBS lie to you. Vote against every democrat on the ballot…end the liberal world order insanity

    4. CBS you all are traitors, ask biden why he just released millions of barrels from our oil reserve and given it to China and India, while we are dying to pay for gas,.
      Impeach him immediately, Democrats saying this Liberal World Order, arrest All

    5. As long as Biden prioritizes Ukraine over the US and the world economy we will continue to be negatively impacted.

    6. Why do people still believe MSM is real? It’s not. 1,000% curated and packaged for consumption. THEY don’t care that you’re paying high gas prices. You will drive your 2-ton car and pay ultra high gas prices, and have zero power to change it.

    7. I'VE BEEN SEEING POST EVERYWHERE ABOUT FOREX TRADING AND CRYPTO CURRENCY, A LOT OF PEOPLE KEEP SAYING THINGS ABOUT THIS TRADING PLATFORMS PLEASE CAN SOMEONE LINK ME TO SOMEBODY WHO CAN PUT ME THROUGH…?

    8. In 2021, the United States shipped $69.4 billion worth of crude oil to its global trade partners. Nevertheless, revenues from its exported crude oil equal about half of the $138.4 billion that the US spent on imported crude oil.

      Overall, the US product category trade deficit for crude oil was -$69 billion for 2021. That amount of red ink reflects a -40.7% reduction from the -$116.5 billion deficit during 2017 but a 113.6% increase from the -$32.3 billion deficit in 2020.

      Below you will find the 15 countries that caused America a subtotal -$124.2 billion deficit from buying and selling crude oil on international markets in 2021.

      Canada: -US$72.3 billion (product deficit up 82.2% since 2020)
      Mexico: -$13.2 billion (up 48.3%)
      Saudi Arabia: -$9 billion (up 18.9%)
      Russia: -$4.8 billion (up 242.3%)
      Colombia: -$3.82 billion (up 16.7%)
      Iraq: -$3.77 billion (up 16.8%)
      Ecuador: -$3.77 billion (up 39.5%)
      Nigeria: -$2.9 billion (up 137%)
      Libya: -$2.19 billion (up 893.5%)
      Brazil: -$2.17 billion (up 119.3%)
      Guyana: -$2.12 billion (up 244.3%)
      Ghana: -$1.4 billion (up 237.6%)
      Angola: -$1 billion (up 116.4%)
      Trinidad/Tobago: -$983.3 million (up 39.6%)
      Argentina: -$760.2 million (up 44.1%)
      The US experienced expanding negative trade balances from 2020 to 2021 at the fastest pace with: Libya (up 893.5%), Guyana (up 244.3%), Russia (up 242.3%), Ghana (up 237.6%), Nigeria (up 137%), Brazil (up 119.3%) and Angola (up 116.4%)

    9. WASHINGTON, June 14 (Reuters) – The U.S. Department of Energy on Tuesday said it was selling up to 45 million barrels of oil from the Strategic Petroleum Reserve as part of the Biden administration's previously announced,largest-ever release from the stockpile.

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