Biden warned that his ban on imports of Russian oil, gas and coal, announced Tuesday as a response to Russia’s invasion of Ukraine, would cause gas prices to rise further. High costs are expected to last as long as the confrontation does.
Gas prices are advertised in Miami Beach, Fla., March 2, 2022.
“COVID changed the game, not President Biden,” said Patrick De Haan, head of petroleum analysis for GasBuddy, which tracks gasoline prices. “U.S. oil production fell in the last eight months of President Trump’s tenure. Is that his fault? No.In the early months of 2020, when the virus took hold, demand for oil dried up and prices plummeted, with the benchmark price for crude oil in the United States falling to negative $37.63 that April.
Rajendran said the Biden administration had emphasized climate change issues while paying lip service to energy security. The notion that the United States gained “energy independence” under President Donald Trump, and reversed course under Biden, is also misleading.
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