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Machines load and unload coal at Lianyungang Port in Lianyungang City, China, on May 24, 2023. (Costfoto/NurPhoto via Getty Images)
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Gas prices hit over 6 dollars per gallon at a petrol station in Los Angeles, California, on February 23, 2022. (Getty Images)
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U.S. oil production has fallen from pre-pandemic levels, and shortages of both oil and gas are contributing to global inflation and slower growth. Russia’s war on Ukraine has caused energy prices to spike even higher and has highlighted the vulnerability of U.S. allies that are heavily dependent on Russia’s energy sector. Join Hudson Senior Fellow Thomas Duesterberg for a discussion on these challenges with U.S. Senator Bill Cassidy, a prominent voice on the Senate’s Committee on Energy and Natural Resources.
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(Screenshot via Fox Business)
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Turkish Foreign Minister Mevlut Cavusoglu, Minister of Foreign Affairs of Azerbaijan Jeyhun Bayramov, Minister of Foreign Affairs of Kazakhstan Mukhtar Tleuberdi, and Deputy Minister of Foreign Affairs of Georgia Alexander Khvtisiashvili attend a press conference after a ministerial meeting on Trans-Caspian connectivity in Aktau, Kazakhstan, on November 25, 2022. (Photo by Cem Ozdel/Anadolu Agency via Getty Images)