Politics
Barr says Biden ‘weakened’ US economy by ‘stopping’ energy production before Russia’s war on Ukraine
The Story w/ Martha MacCallum — Thursday, March 10
On immediately’s episode of ‘The Story,’ Martha MacCallum sits down with former AG Invoice Barr to debate Russia’s battle on Ukraine and the way it began. In the meantime, the White Home has no intentions to ship U.S troops to Ukraine.
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Former Legal professional Basic Invoice Barr stated President Biden has “weakened” the USA and its financial system by “stopping” U.S. power manufacturing, including that Biden had accomplished so lengthy earlier than Russia’s invasion of Ukraine.
Barr, in an interview with Fox Information Digital Thursday about his new e book, “One Rattling Factor After One other,” reacted to Biden’s announcement this week to ban all imports of Russian oil, fuel and power to the USA amid Russian President Vladimir Putin’s two-week lengthy invasion of Ukraine.
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“Biden has weakened the USA dramatically and the ability of our financial system by curbing our power independence — and that’s even aside from Ukraine,” Barr stated. Barr added that Biden’s “choice to drag again on American power was a catastrophe — is a catastrophe — for the USA.”
“Ukraine definitely places a higher emphasis on the necessity for us to cease all this nonsense about stopping our personal power manufacturing,” Barr stated.
In saying the ban on Russian oil imports, Biden warned that it might price American households on the pump.
Individuals are experiencing the best fuel costs because the 2008 monetary disaster, with the nationwide common worth reaching $4 per gallon, the highest common to this point, based on AAA.
Russian oil exports account for about one-third of Europe’s oil imports, however Russian exports are just below 10% of U.S. total imports.
Amid surging fuel costs, Biden has been dealing with criticism from Republicans, who’ve urged him to carry his govt orders that canceled the Keystone XL pipeline from Canada and froze new oil and fuel leases on federal lands.
Legal professional Basic William Barr speaks throughout a information convention Dec. 21, 2020, on the Justice Division in Washington.
(Michael Reynolds/Pool through AP)
“It was American manufacturing that saved costs low in the USA,” Barr stated. “And whether or not it’s stopping the stream of power over the Keystone, right down to the refineries within the Gulf space, or the allowing course of, and even the financing of exploration and oil and fuel manufacturing.”
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Barr stated U.S. power independence “helped gas financial development and the broader advantages of that underneath the Trump administration up till COVID.”
“The truth that we’re an power large, probably, and that we are able to have cheap power right here in the USA, that’s additionally comparatively clear and pure fuel, offers us so many benefits economically and guarantees to permit us to renew high-end manufacturing and so forth at decrease price then the remainder of the world,” Barr stated. “And as we discovered from COVID, it’s crucial that now we have right here in the USA the very important sources that we’d like and that we’re not depending on different international locations.
“And there may be nothing extra very important than power.”
On Wednesday, White Home press secretary Jen Psaki stated restarting development of the Keystone XL pipeline was not one of many choices on the desk to alleviate rising prices of fuel for Individuals.
“If we’re making an attempt to result in extra provide, that doesn’t deal with any drawback,” Psaki stated. “The pipeline is only a supply mechanism – it’s not an oil discipline, so it doesn’t present extra provide into the system.”
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 might not deal with any of the issues we’re having at present.”
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Biden this week stated it’s “not true” that his administration is holding again home power manufacturing, warning that fuel costs will “go up additional” from their present report ranges. And he reiterated his help for presidency spending on renewable power sources and criticized the oil and fuel trade for not taking full benefit of drilling alternatives within the U.S.
However Barr disagreed and stated limiting U.S. power manufacturing “elevated Russia’s leverage.”
“It helped open the window for Putin to do what he’s doing with the concept he might get away with it as a result of the Europeans could be too depending on them,” Barr stated. “And the costs that have been being paid to him have been serving to to gas his battle machine.”
Barr was requested in regards to the Biden administration weighing the acquisition of petroleum from Iran, Saudi Arabia and Venezuela.
“It appears there is no such thing as a finish to the worth that they’re keen to pay to keep away from having the USA produce its personal power,” Barr stated.
“The concept that we’re reopening relationships with Maduro, who has put the Venezuelan individuals by way of unbelievable struggling, the place a excessive share have fled the nation and live in refugee camps — that we might have turned to get oil from him — simply reveals you the intense diploma to which they’re keen to go to do something however have the USA produce its personal power.”