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After severing oil trade with Russia, President Biden plans to increase U.S. oil production from 11.8 million barrels to 12.8 million.
In the short-term, this will provide gas for individuals and farmers. However, the long-term outlook remains uncertain.
In this episode, Iván Watanabe & George Papanicolaou join Nikolaos Kontos, head of operations at Concord Maritime. Sharing his maritime experience and knowledge of the global oil trade industry, Nikolaos reveals how countries buying and selling oil have been impacted by rising gas prices.
Nikolaos discusses:
- His journey at Concord Maritime
- How reserves and release of oil barrels will influence short- and long-term costs
- The impact of gas prices on farmers
- Who might enter the energy market in the future
- And more!
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