Senator Josh Hawley (R-Mo.) on Feb. 28 vowed to introduce legislation that will reopen energy production in the United States “full throttle” as the cost of oil continues to skyrocket amid record inflation and Russia’s invasion of Ukraine.
Announcing the legislation, dubbed The American Energy Independence Act of 2022, Hawley said on Twitter that the bill will “reverse President Biden’s shutdown of the American energy sector and return American energy to full production.”
“Tomorrow, I will introduce legislation in the Senate to reopen American energy production full throttle and reverse Joe Biden’s disastrous capitulation to our enemies,” Hawley said.
The bill comes as oil prices surged above the $100 per barrel mark on Feb. 23 after Russian President Vladimir Putin announced in a televised address that a military operation was set to get underway in Ukraine. The last time the price of oil rose over $100 per barrel was in 2014.
Meanwhile, gas and energy prices have steadily been rising in the United States where total domestic gasoline stocks have declined and demand for gas has increased, with experts warning that Americans could face more pain ahead at gasoline pumps.
Russia’s invasion of Ukraine prompted President Joe Biden to issue sanctions against the company building the Nord Stream 2 pipeline after Germany announced a freeze on the project. The pipelines would carry around 55 billion cubic meters of natural gas from Russia to Germany each year.
Subsequent “massive and targeted” sanctions against Russia were also announced by the EU, which includes targeting the country’s oil financial, energy and transport sector, among others.
so the us is making russia rich by buying their oil, making americans poor by having to pay 4.00 a gallon, we are financing the evil being done to the ukraine, now we propose to give ukraine aid? wtf. stop buying russian oil. we have our own oil