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President Joe Biden sent a clear message to U.S. oil and gas companies on Tuesday after banning the import of Russian oil, natural gas, and coal.
“Let me say this to the oil and gas companies and to the finance firms that back them: We understand that Putin’s war against the people of Ukraine is causing prices to rise,” the president said after announcing the ban at the White House. “But it’s no excuse to exercise excessive price increases or padding profits or any kind of effort to exploit this situation or American consumers.”
The article goes on to state the following:
“Russia’s aggression is costing us all, and this is no time for profit-carrying or price-gouging,” he continued. “I want to be clear about what we will not tolerate, but I also want to acknowledge those firms and oil and gas industries that are pulling out of Russia and joining the other businesses that are leading by example.”
“It’s simply not true that my administration or policies are holding back domestic energy production. That’s simply not true,” Biden continued. “Even amid the pandemic, companies in the United States pumped more oil during my first year in office than they did during my predecessor’s first year. We’re approaching record levels of oil and gas production in the United States, and we’re on track to set a record oil production next year in the United States.”
BIDEN: “It’s simply not true that my Administration or policies are holding back domestic energy production.”
That’s a lie.
Joe Biden’s policies are the direct reason you’re paying record high prices for gas. He shut down the Keystone Pipeline on DAY 1!pic.twitter.com/ifNLOvuMbb
— The Truth Gazette (@Truth_Gazette) March 8, 2022
“Don’t be fooled. Long before Russia invaded Ukraine, families across America were paying dramatically higher gas prices than they faced when President Biden took office,” the Senate Republican Communications Center tweeted.
Don’t be fooled. Long before Russia invaded Ukraine, families across America were paying dramatically higher gas prices than they faced when President Biden took office. pic.twitter.com/Yf3sBunevb
— Senate Republican Communications Center (@SRCC) March 8, 2022
White House Press Secretary Jen Psaki echoed a similar sentiment on Monday, telling reporters that the increase in gas prices “is the direct result of the invasion of Ukraine.”
“Gas prices rose $1.14 from Biden’s inauguration to the day Putin invaded,” RNC Research wrote.
PSAKI: “The increase [in gas prices]…is the direct result of the invasion of Ukraine”
Gas prices rose $1.14 from Biden’s inauguration to the day Putin invaded. pic.twitter.com/r9cRGgwn0A
— RNC Research (@RNCResearch) March 7, 2022
President @JoeBiden sent a clear message to U.S. oil and gas companies on Tuesday after banning the import of Russian oil, natural gas, and coal.
— Washington Examiner (@dcexaminer) March 8, 2022
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