Russia wins the oil battle–and Joe Biden is mad and unhappy

JEA: Joe Biden clearly resides in a delusional world. He doesn’t wish to talk with…

JEA: Joe Biden clearly resides in a delusional world. He doesn’t wish to talk with Russia, cease supporting Ukraine, and finish the battle. However he needs guilty Russia for the excessive fuel costs. He doesn’t wish to pay the slightest consideration to what Putin is saying with respect to why Russia is at battle with Ukraine. One needn’t be a politician to see that Biden’s assertion is dumb.

By Dave DeCamp

The US-led sanctions marketing campaign in opposition to Russia has backfired on the West as Individuals and Europeans are dealing with hovering fuel costs, and Moscow is making more cash on oil exports than it was earlier than the battle.

Since Russia invaded Ukraine, President Biden has written off rising fuel costs and inflation as “Putin’s worth hike.” On Wednesday, Biden doubled down on blaming Russia whereas additionally admitting that his insurance policies have solely made issues worse for Individuals.

“We lower off Russian oil into the USA, and our companions in Europe did the identical, realizing that we might see increased fuel costs,” Biden stated in an handle on the White Home, the place he referred to as on Congress to droop the federal fuel tax.

“We might have turned a blind eye to Putin’s murderous methods, and the value of fuel wouldn’t have spiked the way in which it has. I consider that will have been flawed,” the president added.

Whereas denouncing Putin as “murderous,” Biden has plans to fulfill with Saudi Crown Prince Mohammed bin Salman subsequent month, who has been main a brutal battle in opposition to Yemen since 2015 with US backing, which has killed at the very least 377,000 folks. Biden is anticipated to push MbS to extend oil output to decrease world costs, exposing the hypocrisy of his administration’s insurance policies.

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One other step Biden might take to ease costs is lifting sanctions on Iran and Venezuela. However as a substitute, the US has been ramping up sanctions on Iran. Some minor sanctions on Venezuela have been eased, however there’s nonetheless an extended technique to go earlier than the South American nation would be capable to freely commerce its oil.

Whereas Individuals and Europeans are feeling the financial ache, Russia’s oil exports are booming as China and India have considerably elevated their imports of the Russian commodity. Because of this, Asia has overtaken Europe as the highest purchaser of Russian oil, and Russia has surpassed Saudi Arabia as China’s prime provider.

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