Saudi Arabia and Russia have agreed to extend their voluntary oil production cuts through the end of 2023 — a move that’s already driving prices up. Carolyn Kissane, associate dean at New York University’s Center for Global Affairs, joins CBS News to discuss how higher oil prices could also impact interest rates in the U.S.
#news #oil #saudiarabia
CBS News Streaming Network is the premier 24/7 anchored streaming news service from CBS News and Stations, available free to everyone with access to the Internet. The CBS News Streaming Network is your destination for breaking news, live events and original reporting locally, nationally and around the globe. Launched in November 2014 as CBSN, the CBS News Streaming Network is available live in 91 countries and on 30 digital platforms and apps, as well as on CBSNews.com and Paramount+.
Subscribe to the CBS News YouTube channel: http://youtube.com/cbsnews
Watch CBS News: http://cbsn.ws/1PlLpZ7c
Download the CBS News app: http://cbsn.ws/1Xb1WC8
Follow CBS News on Instagram: https://www.instagram.com/cbsnews/
Like CBS News on Facebook: http://facebook.com/cbsnews
Follow CBS News on Twitter: http://twitter.com/cbsnews
Subscribe to our newsletters: http://cbsn.ws/1RqHw7T
Try Paramount+ free: https://bit.ly/2OiW1kZ
For video licensing inquiries, contact: licensing@veritone.com
38 Comments
WE DONT NEED THEIR OIL OR GAS WTF
The oil cuts hurting Americans are Biden's.
Jan 20, 2021
Biden's 1st day in the office.
*Biden cancels the Keystone pipeline.
*Imposes a moratorium on all oil and gas leases on federal lands & waters.
Feb 26
*he updates the "social cost" of green house gas emotions, a tool used to calculate real world costs of climate change, to pacify climate activists.
June 1st
* Biden eliminates tax benefits for oil, gas and coal producers in favor of electric vehicles and other low carbon energy alternatives.
March 21, 2022
* Biden directs the Security & Exchange Commission (SEC) to impose landmark climate rules that are affecting our economy in the following ways:
– restrictions or impeding energy projects
– raising the cost of vehicles
– stifling energy innovation
– increase in cost of household goods
– impeding American exports
– higher taxes
– expected energy shortages due to no backup systems
* Biden's poorly executed pullout plan from Afghanistan led to Russia invading Ukraine.
* Biden's open border policy has led to higher national debt rates and higher deaths due to illegal drug smuggling.
* Democrats soft on crime policies have led to historical high crime rates especially in Democrat run cities.
*Our GDP has continued to drop putting the country in a recession while Democrat leadership is trying to change the definition of words.
The list goes on and on.
These billionaires are gonna have problems flying around in their private jets
😂😂😂😂 🤬🤬🤬🤬 democrats let’s go Brandon
She's smart
America last Administration
If de mentia joe would bring back Trump's energy policies we would be energy independent again.
Under Trump we use our own oil
Saudis prove everyday, they are not only not America's friend, they're America's enemy.
Well Hello !!!!
Two single mothers talking about this gas thingy:
Thanks Joe 👍
Abusing the poor like the corrupt rich and the government could impact the world.
Great news. Love Russia and Saudi Arabia!!!
Amazing video and thank you for breaking it down!! Despite the economic downturn, I'm so happy have been earning $56,000 returns from my $8,000 investment every 14days with the help of Brisa Richardson.
## MIKE LOYA A FRIENDLY MEXICALI
Three men in America have $90000000000 dollars
We can all thanks Mr Biden for this. He threatened MBS into making him a pariah and he started a proxy war which interrupted global trading due to excessive ineffective economic sanctions. 🛢️⛽
The best option is to increase production domestically
We will not need crude oil in the New World, because there will be a orb that powers, the world.
Saudi arabia no reapect for muttering joe biden
Biden should put pressure on Saudi Arabia to sell us more.
Higher inflation could do more damage to our Democracy because people believe that it is the Democratic party's fault.
It calls free ride is over. PERIOD.
We dont burn foriegn oil in Texas.
In an April 2020, Trump told Saudi Crown Prince Mohammed bin Salman that unless the Organization of the Petroleum Exporting Countries (OPEC) started cutting oil production, he would be powerless to stop lawmakers from passing legislation to withdraw U.S. troops from the kingdom.
Crazy that a barrel of oil has been more than $100 a barrel… yet gas is more expensive now even though its still under 100 a barrel. 🤔 eventually people will see the lie and revolt
With trump was 2 dollars a gallons
As long as we are dependant on oil the United States will be on life support and so will it's people. 💀 💀 💀 💀 💀 💀 💀 💀 💀
Thanks Brandon
Bidennomics really working out huh 🤦🏾♂️😭
I don't think she knows how oil works. We do not pump oil. We have companies that Steal our resources "oil" and sell it To the highest bidder.
RIP Americans 😂🎉
Russia is clearly winning the economic war.
Good news ….
Biden and his failed administration affect interest rates!
The US thinks we stuck it to Russia with Sanctions but it seems Russia is doing pretty good and America is failing. Thinking Russia is better than this country.
Time to remove America as oil dependent. Never been a better time to turn to another fuel source.
When will the federal reserve realize hikeing bank rates ISNT EFFECTING PUTIN AND THE ARBAS!!! stop