The White House could announce a ban on Russian energy imports as early as Tuesday, a new report suggests.
President Joe Biden intends to stop purchasing oil and natural gas from Moscow as prices at the pump skyrocket in the US, Bloomberg reported.
His administration has been under pressure to act since late last month when Russia's authoritarian leader Vladimir Putin ordered an unprovoked and bloody invasion of Ukraine.
European allies are reportedly not joining the ban but were consulted by US officials.
It comes as Putin threatened to shut down Russia's gas pipeline to Europe in response to a boycott on his country's energy exports -- which could push the price of crude oil to a staggering $300 a barrel.
Prices already shot up to a rate not seen since 2008 on Monday, reaching $140 per barrel.
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Just more lies from dementia's string pullers!!!!! He is getting too much in kickbacks to stop importing Russian oil but will hide as much as he can so prices continue to go up while he pockets millions!!!!!!!!!!
Does anyone realize US will still buy Russian oil but through another country, right! Oil brokers are lining up to have 3rd world countries buy Russian oil so those countries can turn around and sell it to the US at a higher price! Sleepy Joe can claim "we are not buying Russian oil" but the truth is we are through an oil broker 3rd world country.
STEVE, AMEN AMEN AMEN AMEN AMEN!!!!!!!!!! It is all a lying scam to continue getting his kickbacks while hurting We the People!!!!!!!!!!
And then what, we will buy from another enemy?
Big Energy doesn't want to drill... they are using Biden's unlawful EOs to shut down production. Thus, driving up crude and natural gas prices. They are profiteering from the artificial shortages created by illegal EOs. Instead of filing suit to require the government to honor their leases... or simply ignoring the unlawful orders, they are voluntarily complying.
America is rapidly moving away from some of the cheapest oil in our history under Trump, to reach record highs for oil and gas under Biden. Big Energy is making up for two years of COVID lost revenues... dramatically reduced domestic consumption... the result of shutting down the economy... workers and students staying home .. and the dramatic reduction in fossil fuels associated width the decreased economic activity.
Big Energy is making a killing at the expense of America's economic stability... to embrace the woes of a struggling world economy.
Dill baby drill !
Sorry, the baby doesn't want to drill... She is not interested in reducing the price of oil and why should she be when she can generate twice as much revenue doing half the work.... by not drilling.
Most of these people who voted for him probably have Tesla vehicals. Wait until Russia uses a emp against us and see how those electric vehicals will be working.Hopefully it will never happen over here and if it does we have to declare war on the libs.
Got that right
Is Big Energy cashing in on their monopoly, the managed market, and price-fixing... while they can? Are they expecting the Marxist and the Green movement to cement their sanctions on fossil fuels ... short-circuiting... their long-term hold on the energy market? Are the corrupt Directors and CEOs of Big Energy taking profits where they have not earned them? Do they actually expect America's middle class to live under such dishonest and corrupt price-fixing?
THERE ARE NO FREE MARKETS.. it is all the big lie of the international corporations... who seek to enslave America's middle class to their will. They are erecting a new world order where modern Feudalism will rule the day... An economy where the Barons of Industry control the masses thru managed markets... regulating the flow of key commodities, employment, education, and the social order; thus, controlling the cost and standard of living permitted for the masses. The small business owner and middle-class, the blue color working class will all become so marginalized that they may as well be extinct.
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