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An Energy Independent America
For two plus weeks, the world has watched as Ukrainians have fought back on Russian aggression and worked to protect their country from being overtaken by an authoritarian dictator. The global community has issued economic sanctions with the hopes to pressure Putin to surrender and end his unilateral assault on a sovereign nation.
In an evolving response to the crisis, President Biden announced he was banning all Russian energy imports such as coal, gas, and oil. While Russian oil only accounts for 3% US imports, the sanctions will make it harder for Russia to export oil and in turn harder for Putin to use oil sales to finance his attack on Ukraine. While economic sanctions on Russia are meant to hurt Russia, Americans at home are feeling the pressure at the pump as gas prices soar to a record high.
With gas prices soaring and midterms looming, there is an opportunity for the United States to invest in the electricity sector and become energy independent. There has never been a better time for America to assert its independence from the grips of oil oligarchs than now.
Unfortunately, the Biden administration would rather trade one authoritarian for another and is courting Venezuela as a potential oil partner. In an unbelievable turn of events, the administration sent a delegation to Caracas to hammer out a deal to bring Venezuela crude oil…