Changes

Joe Biden, who on the day he seized power limited America's productive oil capacity, reversing America's role as the largest exporter of oil to a net importer again, announced America was at war and wrote to American oil companies on June 15, 2022 demanding they increase production: "At a time of war, refinery profit margins well above normal being passed directly onto American families are not acceptable”.

Joe Biden, who on the day he seized power limited America's productive oil capacity, reversing America's role as the largest exporter of oil to a net importer again, announced America was at war and wrote to American oil companies on June 15, 2022 demanding they increase production: "At a time of war, refinery profit margins well above normal being passed directly onto American families are not acceptable”.

After the EU passed an anti-[[free market]], Sovie-style price cap on Russian [[crude oil]] in early December 2022, ''[[The Economist]]'' magazine commented, "“The European Union oil price cap may result in violent spikes...Everything depends on how Moscow responds...The Kremlin could cut its oil exports, relying on a smaller group of non-Western tankers and insurers, and sending global prices spiraling”.  [[BP]], formerly known as British Petroleum before going global, owns a 19.75% share of the Russian energy giant [[Rosneft]]. In December Rosneft paid BP a £580 billion pound sterling dividend payment (USD $712 billion).  Ukrainian dictator Volodymyr Zelensky called the money paif to the NATO ally which was supplying lethal weapons to the Zelensky regime, "blood money."<ref>https://www.theguardian.com/business/2022/dec/02/bp-shares-in-kremlin-oil-firm-are-blood-money-says-zelenskiy-adviser</ref>

After the EU passed an anti-[[free market]], Sovie-style price cap of $60 per barrel on Russian [[crude oil]] in early December 2022, ''[[The Economist]]'' magazine commented, "“The European Union oil price cap may result in violent spikes...Everything depends on how Moscow responds...The Kremlin could cut its oil exports, relying on a smaller group of non-Western tankers and insurers, and sending global prices spiraling”.  [[BP]], formerly known as British Petroleum before going global, owns a 19.75% share of the Russian energy giant [[Rosneft]]. In December Rosneft paid BP a £580 billion pound sterling dividend payment (USD $712 billion).  Ukrainian dictator Volodymyr Zelensky called the money paif to the NATO ally which was supplying lethal weapons to the Zelensky regime, "blood money."<ref>https://www.theguardian.com/business/2022/dec/02/bp-shares-in-kremlin-oil-firm-are-blood-money-says-zelenskiy-adviser</ref>

====Shale oil====

====Shale oil====