2022-03-08 17:55:08

USA Will Ban Russian Oil, Gas Prices Explode

The United States announced today it will ban the importation of Russian oil, and the European Union proclaimed it will reduce its Russian gas imports by two-thirds. This is the latest attempt by western powers to hold Vladimir Putin and the Kremlin accountable for their invasion of Ukraine. On top of this, Shell has announced that the company will no longer buy Russian oil or gas. The US currently imports only around 8% of its petroleum from Russia, however, it will certainly be enough to further spike the price of energy consumption.

The national average for a gallon of gasoline is already over four dollars now and it’s reasonable to expect the worst is yet to come. Many conservatives are viewing this as an opportunity not to blame Vladimir Putin, but to blame Joe Biden. The truth is that US presidents have very little control over the price of oil and gas. They can soften the blow by releasing more from the strategic petroleum reserve. However, these are global commodities that the American president is never directly connected to, and the right-wing critiques of Biden over this really don’t make any sense.

The David Pakman Show is a news and political talk program, known for its controversial interviews with political and religious extremists, liberal and conservative politicians, and other guests.

Missed an episode?  Check out David Pakman on our Youtube Channel anytime or visit the show page for the latest clips.

#FreeSpeechTV is one of the last standing national, independent news networks committed to advancing progressive social change. 

#FSTV is available on Dish, DirectTV, AppleTV, Roku, Sling, and online at freespeech.org

 

 

#davidpakmanshow American president European Union Joe Biden Kremlin Russia Russian oil strategic petroleum reserve The David Pakman Show Ukraine United States Vladimir Putin

Economy

The Randi Rhodes' Show

Biden Addresses the Nation

Biden Addresses the Nation

The Randi Rhodes' Show

Uvalde, Texas and Beto O'Rouke

Uvalde, Texas and Beto O'Rouke

Rising Up With Sonali

New Oxfam Report ‘Profiting from Pain’ Aimed at Davos Elites

New Oxfam Report ‘Profiting from Pain’ Aimed at Davos Elites

The Randi Rhodes' Show

President Biden's Baby Formula Plan

President Biden's Baby Formula Plan

Related

The David Pakman Show

They Voted Against Gas Price Relief, Baby Formula Funding

They Voted Against Gas Price Relief, Baby Formula Funding

The David Pakman Show

Trump & TX Gov to Speak at NRA Convention After Shooting, Guns Not Allowed

Trump & TX Gov to Speak at NRA Convention After Shooting, Guns Not Allowed

The David Pakman Show

Beto O'Rourke Confronts TX Gov, Marched Out by Cops

Beto O'Rourke Confronts TX Gov, Marched Out by Cops

The Randi Rhodes' Show

Biden Addresses the Nation

Biden Addresses the Nation

Proud Partners