Posted on 02/25/2022 4:57:11 PM PST by E. Pluribus Unum
Nearly 40% of the Russian Federation's revenue comes from oil and natural gas production, and because President Joe Biden has strangled U.S. fossil fuel production since he entered office Russia is benefitting from today’s higher fuel prices, said James Taylor, president of the Heartland Institute, during a media call on Thursday.
“By having to pay higher energy prices as a cost of doing business, American businesses have been inflicted with a very powerful and unnecessary handicap when trying to compete with businesses in China and elsewhere,” he added.
“Now, on a related note and especially in light of what’s been occurring over the past 24 -48 hours, it’s really important to note that Biden’s failed energy policies are doing more than merely punishing American families,” said Taylor. “They’re strengthening and emboldening Russia.”
“The price of oil, the price of natural gas are just as important to the Russian economy as they are to the Saudi economy,” he continued. “Oil and natural gas exports provide nearly 40% of Russia’s federal budget revenue, so with Biden’s stifling [of] American oil and natural gas production, global oil prices have more than doubled since Joe Biden’s election -- that’s putting more money in Russia’s pockets.”
In addition to Taylor on the press call were Ben Lieberman, senior fellow at the Competitive Enterprise Institute, and Steve Milloy, founder of Junkscience.com. All three experts spoke about Biden’s climate agenda, which included discussion of energy independence, the increase in fuel/energy prices, and their effect on the American people.
(Excerpt) Read more at cnsnews.com ...
How to hurt Russia? Undo every single Executive Order Biden signed on oil and gas production when he first got into office. That alone would start US oil production in the right direction, driving down oil prices and hurting Russia directly in their only real money maker.
Well, Surprise, Surprise!
100% correct.
Climate Experts that have no clue what climate is
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