The USA knows it’s losing in its ability to control global oil markets too. Even the climate obsessed and anti fossil fuel Biden admin has auctioned out huge amounts of land in recent days for oil and gas drilling. After years of the Democrats being anti oil and gas and shutting down pipeline projects like Keystone and limiting investment in the sector, they have now done a major U turn.
Oh the hypocrisy!
https://www.theguardian.com/us-news/2023/mar/29/gulf-of-mexico-oil-gas-drilling-joe-biden-auction
The USA knows it’s losing in its ability to control global oil...
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