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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
US
- A recent Emerson poll has shown that a plurality of respondents blame the Biden administration for the recent sharp hike in gas prices.
- 39% blame the Biden Administration
- 21% blame Russia sanctions
- 18% blame gas and oil companies
- The poll is bad news for Democrats who have spent a number of weeks trying to preempt political blowback from gas prices by attributing blame to supply chain problems, the unwillingness of OPEC+ to increase production, and price gouging by oil and gas companies.
- A bill to ban the importation of Russian oil and gas recently passed the House of Representatives with strong bipartisan support but it appears that Republicans will be largely insulated from political fallout caused by rising energy prices.
- The GOP has consistently blamed the Biden administration for underinvestment in the domestic oil and gas sector and an unsustainable green agenda. If the upward trend in energy prices continues it will be a key feature of the midterms in November.
Chart 1: What is to blame for rising gas prices?
Emerson Polling
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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