From the Epoch Times,
Tim Stewart, president of the U.S. Oil and Gas Association, had a straightforward response to Biden’s March 8 comments.
“Cut the crap and approve our permits.”
Biden administration officials are making overtures to
Venezuela,
Iran, and Saudi Arabia in the hopes that those countries will boost production and reduce oil prices.
“Venezuela has probably some of the dirtiest oil in the world,” Garg said. “Even if they remove the sanctions, that industry is in such a collapsed state that it’s going to require hundreds of billions of dollars and expertise from America.”
“Higher oil and gas prices make electric vehicles and renewable energy more price competitive,” Blackmon said. “This is illustrated by the fact that officials like Pete Buttigieg continue to double down on that agenda as the ‘solution’ to our high gasoline price issue. That’s why you see him, Biden, and Kamala Harris advocate for more oil from Venezuela and Iran, but not from our own domestic industry.”
The Epoch Times has reached out to the Treasury Department to see if Biden’s ban on Russian oil and gas would still allow for energy-related “
U-turn transactions,” as described by the U.S. Treasury Department in a March 2 statement on the sanctions on Russia. U-turn transactions would allow the United States to continue purchasing Russian oil and gas through a third-country financial institution.