President Biden and other White House officials dramatically changed their tune this week in defending their green agenda in the face of skyrocketing gas prices and Russia’s energy supply stranglehold over Europe.
Before Russia invaded Ukraine, Biden for months blamed increasing gas prices on supply-chain issues and pent-up post-pandemic demand for travel, deflecting questions on whether his push to move the country off fossil fuels was a factor.
A group of bicameral Republican and Democratic lawmakers introduced legislation Thursday that would prohibit the U.S. from importing Russian oil and petroleum products.
Senate Energy and Natural Resources Chairman Joe Manchin unveiled the Banning Russian Energy Imports Act which would ban the import of Russian oil and petroleum to the U.S. amid the ongoing Russian invasion of Ukraine. More than a dozen Democratic and Republican lawmakers announced their support for the bill.
The U.S. imported more than 670,000 barrels of oil per day from Russia in 2021, U.S. Energy Information Administration data showed. That figure represented a 24% year-over-year uptick compared to 2020.
by Michael Bastasch U.S. crude oil imports from the Saudi Arabian-led OPEC fell to a 30-year low, according to the latest federal figures. OPEC imports fell to 1.5 million barrels per day in March, which is the lowest level since March 1986, the U.S. Energy Information Administration reported Thursday.…