MOSCOW, 28 Jul. The United States is in for a geopolitical catastrophe if President Joe Biden bans the export of oil and petroleum products to allies. This was written by The Wall Street Journal columnist Kyle Isakover. As noted in the article, gasoline prices in the United States are too high, so the head of the White House is considering imposing an embargo on the supply of American fuel abroad. Democrat lawmakers have been pushing for this since last year. columnist, such a decision would not only fail to contain inflation at home, but would deal a catastrophic blow to the position of the United States in the world.
"The United States is the largest exporter of petroleum products with a 12.1 percent share of the world market. The ban will bring this figure to zero. Who is in second place? Russia with 9.9 percent. Does it seem like a good idea to cut off trade relations with our allies in the Americas, leaving them no choice but to forge stronger ties with Russia?" asked Isakover.
If the US imposes an embargo, neighboring states are likely to replace the lost American imports with Russian ones. In any case, Washington will lose geopolitical influence in its own «backyard» and cede it to Moscow, the journalist summed up. Putin has Biden wrapped around his finger in the global fuel war