Biden Bans Russian Oil, Natural Gas

Marc Nozell via Flickr (CC BY 2.0)

President Joe Biden has banned imports of Russian oil and natural gas, sending gasoline prices soaring even further amid ongoing inflation.

Biden attempted to pin already elevated gas prices on what he’s calling the “Putin price hike”, undoubtedly trying to get ahead of the inevitable public blowback as midterm elections come into play.

According to the Wall Street Journal:

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The U.S. immediately prohibited new Russian shipments of oil, certain petroleum products, liquefied natural gas and coal under an executive order Mr. Biden signed Tuesday. The U.S. will give companies 45 days to wind down existing contracts for Russian energy supplies, a senior Biden administration official said. The order also bars new U.S. investment in Russia’s energy sector and blocks Americans from financing foreign companies that invest in the sector.

Mr. Biden, who had previously resisted such a move, suggested the ban would likely push up gasoline prices further, but he said the ban was an important part of his campaign to pressure Russian President Vladimir Putin to end his intensifying military campaign in Ukraine. Russia is among the world’s biggest energy producers, and the move—on top of a host of other sanctions from the U.S. and other Western nations—is meant to cripple the country’s economy.

“This is a step that we’re taking to inflict further pain on Putin,” Mr. Biden said at the White House. “But there will be costs as well here in the United States.”

House Speaker Nancy Pelosi (D., Calif.) said she would push forward Tuesday with a vote on legislation to ban the U.S. import of Russian oil and energy products, review Russia’s access to the World Trade Organization and renew the Global Magnitsky Human Rights Accountability Act so that the U.S. can impose further sanctions on Russia.

The European Union said it was looking at reducing its dependency on Russian imports, but it would not be banning them at this time.

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Dan
Dan
3 months ago

Yet when he says ‘buy American’ he buys oil from people that hate us to secure their coffers to hate America. Get your act together you ignorant MF. Why don’t you just move to China, you imbecilic. They would honor you more than anyone in America does. If you do not have the balls, which Jill holds in her purse, to tell the radical left to suck it, then you do not have the balls to lead America. Why does 1% of the America people control you? $$$$$$$$$$$$$$$$$$$$4 That’s why and all Americans know it. Goodbye Congress to the Democratic party and goodbye for years to come. You ignorant, senile old shit.

Jersey Girl
Jersey Girl
3 months ago

So – he’s just gonna go to another commie country with a despicable dictator and finance his evil doings with our money. Boy Joe, you really pick your friends – BADLY!!!!!!!

RedState
RedState
3 months ago

Our Liar-In-Chief’s life-long political career has well trained even this senile old coot in the art of blame deflection. He would even say I’m a racist for pointing this out.

Nine Island Girl
Nine Island Girl
3 months ago

This whole Ukraine/Russia situation is a total deflection from everything else that’s going wrong in our country right now. Don’t give me wrong. I feel horrible for the people there and what they’re being made to suffer. However, we’re helping them with their borders while our are wide open to the world, and who knows what’s coming through????
Also, since joe’s ratings are going South, this is the way to improve that.
Ukraine is pulling people’s heart strings. The absolute worst thing, many more than likely don’t realize it, is that,this is the entry into the GNDeal.
Yes, folks. Do you all honestly think gas will go back down to the price it was just a couple of months ago.
The answer is NO! I want to be wrong.
This is all to punish the working/middle class. Look for yesterday’s Tucker monologue.
Totally worth the 30mins.
We are in very deep trouble. Anyone who doesn’t see it, you’re either already dead or mentally gone!!!

Jawad
Jawad
3 months ago

…dead or mentally gone…like the Manchurian Candidate pResident?

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