Mission Impossible: Can Biden Bring Oil Prices Down?

The longer that high oil and gas prices are sustained, the greater the economic damage for highly developed and industrialized countries that are not self-sufficient in energy supplies and it is at times like these that those countries find out who their real friends are, and are not. In this context, the current oil pricing/global economic matrix underlines once again the seismic geopolitical shift that has taken place in the Middle East since the end of the 2014-2016 Oil Price War – broadly away from the U.S. and its allies and towards…