And we recognize that not all of our Allies and partners are currently in a position to join us.Īnd specifically, let me maybe add two points of detail on this point. The United States is able to take this step because of our strong domestic energy production and infrastructure. Second, in taking this action, we consulted with European allies closely, but we do not expect them and did not ask them to join us. investment in Russia’s energy sector, which will ensure that American companies and American investors are not underwriting Putin’s efforts to expand energy production inside of Russia.Īnd finally, Americans will be prohibited from participating in foreign investments that flow into Russia’s energy sector. Let me give you some details on the mechanics, our consultation with allies, and also the domestic implications.įirst, in terms of mechanics: Our ban blocks any new purchases of Russian crude oil and certain petroleum products, liquefied natural gas, and coal, and winds downs the deliveries of existing purchases that have already been contracted for. This is a significant action with widespread bipartisan support that will further deprive President Putin of the economic resources he uses to fund his needless war of choice. Today, President Biden signed an executive order to ban the import of Russian oil, liquefied natural gas, and coal to the United States. And there’s broad support across the country for degrading the strength of Putin’s economy and war machine through energy exports. I’ll make a few comments and happy to take your questions afterwards.Īmerica is united in its resolve to stand up to Putin. SENIOR ADMINISTRATION OFFICIAL: Okay, thanks. So, with that, I’m going to turn it over to for some quick remarks, and then we can take some questions. For your awareness and not for reporting, the speaker on this call is. This call is on background, attributable to a “senior administration official,” and embargoed until the call concludes. So this is a background press call on the President’s announcement earlier today on the steps we’re taking to hold Russia accountable. MODERATOR: So thanks, everyone, for joining on short notice. 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””.While I support innovation and an all-the-above energy strategy to reduce emissions, fossil fuels remain critical to our energy security and to ensuring Americans have access to reliable and affordable energy,” said Guthrie. If export restrictions are put in place again, this will weaken our country’s energy infrastructure, resulting in our country becoming more dependent on foreign countries for our energy needs and higher prices at the gas pump. crude oil exports, which contributed to America becoming a global energy superpower and created new jobs and economic opportunity in the U.S. My resolution reaffirms the decision Congress made on a bipartisan basis in 2015 to allow U.S. “Becoming dependent on foreign dictators for Americans’ energy needs is not the path forward our country should take. also became a net exporter of petroleum products, which was the first time in nearly seven decades. benefited from new domestic jobs, a boost to economic development, and reduced reliance on other countries for energy needs. After removing these restrictions, more investments have been made to produce American-made energy, and the U.S. In 2015, Guthrie voted to lift restrictions on crude oil exports on a bipartisan basis. energy dominance by continuing to prevent export restrictions on crude oil or other petroleum products from the United States. – Congressman Brett Guthrie (KY-02), who serves on the Subcommittee on Energy, Climate, and Grid Security on the House Energy and Commerce Committee, introduced a resolution to reaffirm U.S.
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