US announces worst energy crisis in 50 years

US fuel price
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U.S. oil and gas inventories are down to record lows, while gasoline and diesel prices are reaching historic highs. This was announced on Saturday, May 14, by Tim Stewart, President of the United States Oil and Gas Association.

AT broadcast on Fox News the expert called the current situation in the American energy sector the most severe crisis in the last 50 years.

At the same time, Stewart accused the US authorities of inaction and the lack of a strategy to overcome the energy crisis. According to the president of the Oil and Gas Association, official Washington does not know “how to help us get out of this.”

The actions of the White House and Congress in this situation are “counterproductive for those of us who are trying to solve the problem,” Tim Stewart said.

After Russia launched a special operation to demilitarize Ukraine, the US authorities imposed anti-Russian sanctions, including a ban on energy imports from Russia. To support the US economy, the White House decided to intervene from strategic reserves in the amount of 1 million barrels per day for six months. Besides, Washington called on the countries of Europe and Asia to support the United States in addressing the release of additional barrels of oil from its reserves.

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