Barr says Biden ‘weakened’ US financial system by ‘stopping’ vitality manufacturing earlier than Russia’s warfare on Ukraine

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Former Legal professional Normal Invoice Barr stated President Biden has “weakened” the US and its financial system by “stopping” U.S. vitality manufacturing, including that Biden had accomplished so lengthy earlier than Russia’s invasion of Ukraine.

Barr, in an interview with Each day Submit Digital Thursday about his new ebook, “One Damn Thing After Another,” reacted to Biden’s announcement this week to ban all imports of Russian oil, gasoline and vitality to the US amid Russian President Vladimir Putin’s two-week lengthy invasion of Ukraine.

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“Biden has weakened the United States dramatically and the power of our economy by curtailing our energy independence — and that is even apart from Ukraine,” Barr stated. Barr added that Biden’s “decision to pull back on American energy was a disaster — is a disaster — for the United States.”

“Ukraine certainly puts a greater emphasis on the need for us to stop all this nonsense about stopping our own energy production,” Barr stated.

In asserting the ban on Russian oil imports, Biden warned that it will price American households on the pump.

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People are experiencing the very best gasoline costs because the 2008 monetary disaster, with the nationwide common value reaching $4 per gallon, the highest average to date, in response to AAA.

Russian oil exports account for about one-third of Europe’s oil imports, however Russian exports are just below 10% of U.S. general imports.

Amid surging gasoline costs, Biden has been going through criticism from Republicans, who’ve urged him to carry his government orders that canceled the Keystone XL pipeline from Canada and froze new oil and gasoline leases on federal lands.

Attorney General William Barr speaks during a news conference Dec. 21, 2020, at the Justice Department in Washington. 

Legal professional Normal William Barr speaks throughout a information convention Dec. 21, 2020, on the Justice Division in Washington. 
(Michael Reynolds/Pool by way of AP)

“It was American production that kept prices low in the United States,” Barr stated. “And whether it is stopping the flow of energy over the Keystone, down to the refineries in the Gulf area, or the permitting process, or even the financing of exploration and oil and gas production.”

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Barr stated U.S. vitality independence “helped fuel economic growth and the broader benefits of that under the Trump administration up until COVID.”

“The fact that we are an energy giant, potentially, and that we can have inexpensive energy here in the United States, that’s also relatively clean and natural gas, gives us so many advantages economically and promises to allow us to resume high-end manufacturing and so forth at lower cost then the rest of the world,” Barr stated. “And as we learned from COVID, it’s very important that we have here in the United States the vital resources that we need and that we’re not dependent on other countries.

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“And there’s nothing extra very important than vitality.”

On Wednesday, White House press secretary Jen Psaki said restarting construction of the Keystone XL pipeline was not one of the options on the table to alleviate rising costs of gas for Americans.

“If we’re making an attempt to result in extra provide, that doesn’t tackle any downside,” Psaki said. “The pipeline is only a supply mechanism – it’s not an oil discipline, so it doesn’t present extra provide into the system.”

White House press secretary Jen Psaki speaks during a press briefing at the White House Feb. 16, 2022.

White Home press secretary Jen Psaki speaks throughout a press briefing on the White Home Feb. 16, 2022.
(AP Photograph/Patrick Semansky)

When pressed additional on whether or not restarting the pipeline is one thing the White Home is contemplating, Psaki replied, “There’s no plans for that, and it would not address any of the problems we’re having currently.”

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Biden this week stated it’s “not true” that his administration is holding again home vitality manufacturing, warning that gasoline costs will “go up further” from their present report ranges. And he reiterated his assist for presidency spending on renewable vitality sources and criticized the oil and gasoline business for not taking full benefit of drilling alternatives within the U.S.

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However Barr disagreed and stated limiting U.S. vitality manufacturing “increased Russia’s leverage.”

“It helped open the window for Putin to do what he is doing with the idea that he could get away with it because the Europeans would be too dependent on them,” Barr stated. “And the prices that were being paid to him were helping to fuel his war machine.”

Barr was requested in regards to the Biden administration weighing the acquisition of petroleum from Iran, Saudi Arabia and Venezuela.

“It seems there is no end to the price that they are willing to pay to avoid having the United States produce its own energy,” Barr stated. 

“The idea that we’re reopening relationships with Maduro, who has put the Venezuelan people through unbelievable suffering, where a high percentage have fled the country and are living in refugee camps — that we would have turned to get oil from him — just shows you the extreme degree to which they’re willing to go to do anything but have the United States produce its own energy.”
 

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