Tuesday, March 08, 2022

Biden Bans Imports of Russian Oil, Natural Gas

The demented and senile 46th President forgot or omitted to restart domestic fossil fuel exploration and production! Incredible!
Either he screws up totally or at least 50% like in this case!

"President Biden banned imported oil and other energy sources from Russia to punish the country as it intensified its military campaign in Ukraine, a move that will add pressure to already record U.S. gasoline prices and the economic recovery.

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 [3/8/2022]. Washington 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. ..."

Biden Bans Imports of Russian Oil, Natural Gas - WSJ The move could further boost gasoline prices as the Biden administration responds to the Ukraine invasion

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