President Biden Will Not Ban Russian Oil

 

Daily Mail: Biden WON'T ban Russian oil: Press kicked of Cabinet meeting during questions on Russian energy and Psaki snaps at reporters as Nancy Pelosi leads lawmakers urging White House to stop imports 

* 'We don't have a strategic interest in reducing the global supply of energy, and that would raise prices at the gas pump for the American people,' Psaki said 

* She shifted blame to oil companies for not doing more to increase U.S. production 

* Speaker Nancy Pelosi called for ban on all oil and gas exports from Russia 

* 'Ban it. Ban the oil coming from Russia,' Pelosi said * Her call came as President Joe Biden prepares to sanction more Russian oligarchs and their families

* United States cracking down on Russia after Ukraine invasion 

* New sanctions, which could come as soon as Thursday, will mirror those the EU put on Russian oligarchs but not target the exact same people 

* But will be expanded to oligarch's families so they can't transfer assets to spouses or children 

The White House does not support a ban on Russian oil imports, according to press secretary Jen Psaki, despite even House Speaker Nancy Pelosi joining in on the calls for the U.S. to cease buying Moscow's fuel. 

'We don't have a strategic interest in reducing the global supply of energy, and that would raise prices at the gas pump for the American people,' Psaki told reporters Thursday. 

Asked what would need to happen 'on the ground' in Ukraine for the U.S. to stop buying Russian oil, the press secretary demurred.  

Read more .... 

Update #1: White House knocks down talk of banning Russian oil imports (The Hill) 

Update #2: Biden administration does not 'have a strategic interest' in sanctioning Russian oil, White House says (CNN)  

WNU Editor: When you add oil and natural gas Russia is the world's largest producer and exporter. Imposing sanction on this trade will significantly damage the world economy. If you think inflation is bad now, these measures would make it worse. The Biden administration is simply practicing realpolitik and politics. After-all .... $7 to $8 for a gallon of gas during the midterms will obliterate the Democrat Party in the House and Senate. 

But there is a solution to this. Pipelines, nuclear energy, open restricted regions where energy exploration is banned .... just to name a few. But that is not going to happen. The green agenda is more important for most Western governments than confronting Putin.

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