Assessment: Notice that the Biden team has no plan to replace the 600,000 barrels of oil that the United States buys from Russia each day except for relying on the signing of the Iran nuclear deal.
Another day, another flashing red headline that the White House is considering a ban on Russian oil imports – something it has repeatedly said earlier this week – although it has yet to make a decision:
The news sent WTI spiking as high as $114.64.
“A fool has no delight in understanding,
But in expressing his own heart.” Proverbs 18:2
The Biden administration also said it was looking at options they can take right now if they decide to cut the U.S. intake of Russian energy, say Cecilia Rouse, chair of the White House Council of Economic Advisers.
“We are considering a range of options but what’s really essential is that we maintain a steady supply of global energy,” Rouse says at briefing, adding the U.S. does not import a lot of Russian oil (but it does import enough for it to be meaningful).
Read More @ Zero Hedge HERE
Transportation Secretary Pete Buttigieg said Wednesday on MSNBC’s “The 11th Hour” that to combat oil prices skyrocketing amid the Russian invasion of Ukraine, President Joe Biden did not want to authorize the Keystone Pipeline.
According to Buttigieg, it would be “galloping after permanent solutions to immediate short term problems.”
“A fool has no delight in understanding,
But in expressing his own heart.” Proverbs 18:2
Anchor Stephanie Ruhle said, “I want to stay on gas for another moment. You’re absolutely right, the president does not set the price of gas, but he can influence it. And while releasing some strategic reserves matters, given how much has been released, it is really just a drop in the bucket. Are there things, and I realize this is controversial, it has huge environmental impacts, could the president possibly consider authorizing the Keystone Pipeline? Or working something out with Iran?”
Buttigieg said, “Look, the president has said that all options are on the table. But we also need to make sure that we are not galloping after permanent solutions to immediate short term problems, where more strategic and tactical actions in the short term that can make a difference, like what you have with the strategic reserve, which exists partly in order to respond to situations like this.”
He added, “The president has laid policies that are going help cushion the impacts of any volatility in energy markets in the future by building up more of a diversified and homegrown energy base for this country.”
Read More @ Breitbart HERE
