In the sanctions against Russia, the main purpose of the United States and EU is to limit Russia's financial revenue. To achieve this goal, energy such as oil and natural gas are the key targets of the United States and European countries. It can be seen that the United States and the European Union have been pushing for actions to limit Russia's energy for several months. However, just as EU countries are pushing for "suicide" price limits on Russian energy, the United States suddenly decided to "take off" and seems to no longer want to push for energy sanctions.
Due to the reduction in the amount of Russian oil in the international market, coupled with the "betrayal" oil production cuts in , Saudi Arabia, and , OPEC organized , "betrayal" oil production cuts, the United States has fallen into the energy crisis . The rise in oil prices has made American residents unable to suppress their dissatisfaction with the Biden administration. Under such circumstances, the Biden administration has had to modify its price limit on Russian oil and no longer adhere to the previously decided oil price ceiling.
According to the previous plan of the US government, the oil price restriction action on Russia should be "one size fits all" and "unprecedented" to make Russia lose its maximum financial revenue. But in the latest price limit plan, the price ceiling has been greatly increased to a "acceptable" range. Regarding such a change in the price limit range, the US media believes that this is another form of "surrender" by the Biden administration and a "betrayal" to EU countries.
Because in the past few months, the United States has been asking EU countries to stay away from Russian oil, and during this period it has also successfully pushed the EU to ban Russian sea oil. The EU has always abides by the US's requirements and continues to promote price limit actions. The EU has held no less than four internal oil price restrictions meetings.
Therefore, the United States is now actively modifying its price limit plan to increase the price ceiling of Russian oil, which is a "unprecedented setback" in the eyes of EU countries. To put it bluntly, when EU countries "suicidely" restrict Russian oil prices despite their own economic "suspicious" restrictions, the United States could no longer withstand it and decided to relax its suppression of Russia on the oil issue first.
In fact, this cannot be said to be the Biden administration "betrayed" the EU, it can only be said to be the Biden The government cannot withstand the pressure. This pressure is not exerted by other countries, but by American citizens. In the past six months, due to the increase in oil prices, American residents have protested against the Biden administration several times, which has directly caused the Biden administration's support rate to drop significantly. Biden's Democratic Party has also been questioned by American residents, and they do not even believe that Democrats can resolve the US crisis.
You should know that the United States is facing a midterm election now. Once American residents no longer support the Biden administration and Democrats, the two houses of Congress are at risk of breaking away from the control of the Democratic Party. Once Republican controls both houses of Congress, then the only remaining power of Biden, the US president, may be veto , and there is basically no way to promote any effective bill in Congress.
Faced with such a political crisis, the Biden administration will certainly not sit idly by, but will try every means to lower oil prices. Just like Biden asked the United States to release its oil reserves, it is to alleviate the rise in U.S. oil prices.
However, the United States' oil reserves are limited, and Americans also understand that the Biden administration's reduction of oil prices is only temporary. Once the oil reserves are lowered to the warning line, the U.S. oil prices will inevitably rebound again. Therefore, American residents are not buying up the current reduction in oil prices, but continue to protest against the Biden administration's troubles caused by the oil crisis.
So, Biden can only "take back" the price limit of Russian oil, and may even take the initiative to give up the price limit of Russian oil. In exchange for large exports of Russian oil, thereby reducing global oil prices, allowing Democrats to gain more supporters, thus defeating Republicans in the midterm elections.
