![]() When COVID struck, demand for oil plummeted, so production slowed down worldwide. The problem we’re facing with gas prices has two roots.įirst, the pandemic. Parenthetically, just imagine if, in fact, Europe didn’t have to count on Russian oil - if they were energy independent. So, today, I’m laying out a two-part plan not only to ease the pain that families are feeling right now, but to end this era of dependence and uncertainty, and to lay a new foundation for true and lasting American energy independence. Our family budgets, your family budgets to fill a tank - none of it should hinge on whether a dictator declares war. As you’ve heard me say before, I grew up in a family, like many of you, where when the price of a gallon of gasoline went up, it was discussed at the kitchen table. Today, I want to talk about one aspect of Putin’s war that affects and has real effects on the American people: Putin’s price hike that Americans and our allies are feeling at the pump. Thus far, these actions are crippling Russia’s economy, isolating Putin from the world, and helping Ukrainians fight for their country and ease their suffering.īut as I’ve said from the start, Putin’s war is imposing a cost on America and our allies and democracies around the world. We’re aiding the Ukrainian people both economically and militarily while levying the most punishing economic sanctions against Russia ever used against another nation in place and increasing them. Working with our NATO Allies and our European partners and beyond that, we - we’re responding. The fact is, he’s causing thousands of deaths and untold destruction. Today, I want to talk with you about the costs here at home of Putin’s decision to brutally and savagely invade a sovereign nation. As I said in my State of the Union Address, I’m going to always be honest with the American people. Get Involved Show submenu for “Get Involved””.The White House Show submenu for “The White House””.Office of the United States Trade Representative. ![]() Office of Science and Technology Policy.Executive Offices Show submenu for “Executive Offices””.Administration Show submenu for “Administration””.
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