Trump printed 500% more money than ever existed, causing uncontrollable inflation for years to come.
Biden eliminated deficit & currently running surplus!
Because of negative -40/barrel Oil during Trump's covid shutdown, Big Oil has been reluctant to drill here because they thought the Russia war would soon end causing another price crash.
Russia now has caused a much larger permanent problem for the world that wallstreet & big oil have jumped on that will tax the planet for years.
The bulk of Russian oil fields are & transport pipelines are concentrated in western and eastern Siberia. In 2021 Russia exported an estimated 4.7 million bpd of crude, to countries around the world. China is the largest importer of Russian crude (1.6 million bpd) , but Russia exports a significant volume to buyers in Europe (2.4 million bpd).
The halting of Russian oil sales has caused a massive glut there causing their pipelines, oil & gas wells to stop flowing. The constant hot oil flow in insulated pipes & wellheads was the only heat that kept them from freezing & bursting. Now most have been permanently damaged.
The lost wells will have to be re-drilled & pipelines replaced.