Why is Biden Begging Other Oil Producing Nations to Pump More Oil?

Macro Essays
DataDrivenInvestor
Published in
7 min readMay 22, 2022

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Image Source: Wikipedia

Just recently President Biden asked Brazil’s oil giant Petrobas to increase oil production as a response of high energy inflation. Of course, probably due to Brazil’s Bolsonaro government not being happy with the current Biden administration and to maintain current oil prices, gave the White House the hand. The Biden White House has had a tough time convincing oil producers to…

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