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Can America secure the Europeans’ need for oil and gas?

The British “Financial Times” daily said that the United States of America will not be able to supply Europe with enough oil and gas, to save it from the current energy crisis, as oil and shale gas producers in the United States warn that they will not be able to increase production sufficiently.

And the US Treasury Secretary, Janet Yellen, warned this week that “imposing the embargo could lead to a rise in oil prices,” noting that “experts believe that prices will rise again above $100 a barrel.”

In a related context, experts expected that Russia’s oil production would drop to 10.2 million barrels per day in December 2022, and to 9.5 million barrels per day by February 2023.

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