Putin snickers: Guess who owns a big chunk of Venezuela's oil?March 9, 2022
Putin snickers: Guess who owns a big chunk of Venezuela's oil?
By Monica Showalter
Under pressure from a veto-proof majority in Congress, Joe Biden loudly announced a cutoff of energy purchases from Russia, amounting to about 7% of U.S. energy imports.
"Russian oil will no longer be accepted at U.S. ports — and the American people will deal another powerful blow against Putin’s war machine," he tweeted.
https://twitter.com/POTUS/status/1501350195455410176Russia had been sending about 600,000 barrels of oil a day to the states in a big export surge, following Biden's bans on federal leases for drilling, halt to the Keystone XL pipeline, and other measures intended to bankrupt Big Oil in the name of "going green." The rise actually started late in the Trump administration's term, but it spiked sharply higher when Biden started clamping down on American production. As of the state of the Ukraine war, Putin has been taking home about $56 million a day from sales of crude to the states.
Well, this ought to fix them, right?
Not so fast. Biden went on to say that the loss of supply would raise energy prices for ordinary consumers and there was nothing he could do, because Putin did it.
more
https://www.americanthinker.com/blog/2022/03/putin_snickers_guess_who_owns_a_big_chunk_of_venezuelas_oil.html
