Joe Biden has allowed Russia to get away with much more than the American people know or should be okay with themselves.
Canceling the leases joins other major interventions the President has made in the name of this climate agenda. The Inflation Reduction Act was at the end of the day a Green New Deal, promising $350 billion inThe President should be less proud of such dubious accomplishments. During a time of global unrest, the United States should be far more concerned with maintaining global stability than entertaining climate hysteria.
In July, Russia earned $15.3 billion from crude exports according to the International Energy Agency —more than almost 20 percent from the previous month. We've already seen the oil market rise with Russia, along with Saudi Arabia's initial announcement this past June to cut production by 1.3 million barrels per day. We saw prices rise again when Russia and Saudi Arabia reported these cuts would remain through the end of the year.
Energy policies that harm U.S. production only make us more vulnerable to hostile aggressors who seek to benefit from an American rush to green. And these policies undercut the U.S. support for Ukraine's fight against Russia's unjust war.
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