Monthly Archives: December 2022

With the new year quickly approaching, it is almost time for Brazil’s president-elect Luiz Inacio da Silva to take office. In October 2022, president elect Luiz Inacio da Silva, popularly known as “Lula” was announced the winner of Brazil’s 2022 presidential elections. With his victory, there is much to consider for the direction of Brazil’s foreign and domestic policy, as well as what this election means for U.S. Foreign Policy.

U.S. gas prices soared in June of this year to an all-time high of $4.99 per gallon –– a 47% increase from prices at the start of 2022. In response to this raging inflation, President Biden traveled to Saudi Arabia in July, with part of the agenda set to discuss boosting oil production with Saudi OPEC leaders. His proposal was rejected and OPEC retained plans to cut oil production, which will drive up global energy prices further. These cuts have yet to be implemented. At the G20 summit in Egypt this November, world leaders acknowledged Western sanctions against Russia and resultantly high inflation rates that have driven up energy prices worldwide. Despite the energy crisis, G20 leaders reaffirmed their commitments to the Paris Agreement and worldwide efforts toward a clean energy transition.