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Biden Says Gas Prices Will Rise, Calling It ‘Putin’s Price Hike’

by Hannah Nightingale
March 08, 2022, 12:15 PM
in News and Opinion
Reading Time: 2 mins read
A A
3

russian oil tankerIn a Tuesday address, President Joe Biden announced that the US will be banning imports of Russian oil, and that the US would be sharing the responsibility of caring for refugees displaced in the conflict, so “the costs do not fall entirely on the European countries bordering Ukraine.” [bold, links added]

“Today I’m announcing the United States is targeting the main artery of Russia’s economy. We’re banning all imports of Russian oil and gas and energies,” Biden announced.

“That means Russian oil will no longer be acceptable at US ports, and American people will deal another powerful blow to Putin’s war machine,” he added.

Biden noted that the action has had “strong” bipartisan support, as well as support amongst Americans.

“Americans have rallied to support the Ukrainian people and made it clear we will not be part of subsidizing Putin’s war,” said Biden, who added that the decision was made in “close consultation with allies around the world.

He said the US produces “far more oil domestically than all of Europe combined,” and would take this step “when others cannot,” adding that his administration is working closely with Europe to reduce their dependence on Russian energy.

“This is a step that we’re taking to inflict further pain on Putin,” said Biden. “But there will be cost as well here in the United States. I said I would level with the American people from the beginning, and when I first spoke to this I said defending freedom is going to cost, it’s going to cost us as well, in the United States.”

On Feb 22, Biden halted new oil and gas drilling in the name of climate change.

Russia invaded Ukraine 2 days later. pic.twitter.com/TmkQ0yeR7M

— Jack Posobiec 🇺🇸 (@JackPosobiec) March 8, 2022

Biden continued on to note that the US has provided more than 41 billion in security assistance to Ukraine and that shipments of defensive weapons are arriving in the country every day from the US.

Biden also warned about a jump in gas prices, calling it “Putin’s price hike.”

“The decision today is not without cost here at home. Putin’s war is already hurting American families at the gas pump. Since Putin began his military buildup on Ukrainian borders, just since then, the price of the gas at the pump in America and 75 cents. And with this action, it’s going to go up further. I’m going to do everything I can to minimize Putin’s price hike here at home,” Biden stressed.

Biden also claimed that his administration and policies are not “holding back domestic energy production.”

“That’s simply not true,” said Biden. “Even amid the pandemic companies in the United States pumped more oil during my first year in office than they did during my predecessor’s first year. We’re approaching record levels of oil and gas production United States, and we’re on track to set a record for oil production next year.”

Read more at Post Millenial

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Comments 3

  1. Russell Johnson says:
    4 years ago

    Brandon and his communist democrat handlers think Putin’s war with Ukraine is an opportunity to push their green agenda–wrong!! 250 million gas/diesel vehicles exist in the US, as Brandon thinks he’s driving us to EVs, he’s actually destroying any chance of winning any future election! No democrat local or national will receive my vote! Brandon and his party are saying “Fuxk Americans for Climate Change”!!!!!!!!!!!!!!!!!!!!!

  2. Randy Verret says:
    4 years ago

    If we are doing actual MATH, your predecessor was pumping LESS domestic oil in his first year in office (than yours) because of the policies of your former boss, Mr. Obama. YOU are pumping more oil (now) because of the pre-pandemic production levels encouraged by the prior Administration that have yet to DECLINE enough to get you BEHIND. Don’t worry. That distinction won’t last much longer, much to the detriment of the American consumer…

  3. Spurwing Plover says:
    4 years ago

    Typical Liberal Democrat Pinhead blame others always blaming others

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