K.T. McFarland noted how the Biden administration’s energy policies benefit Russia by driving up the price of oil in an interview on Friday’s edition of SiriusXM’s Breitbart News Daily with special guest host Joel Pollak.
Since the inauguration of Joe Biden, the price of crude oil has ascended 25 percent, from $53.24 per barrel to $70.91 as of this article’s publication. “Russia is a gas station with a flag,” McFarland verbally expressed. “Russia needs high energy prices — that’s its only export — and so by pushing the world price of oil down … and by making the United States the world’s major energy source, we were in a great position, but [Joe Biden] has inverted all of that.”
Under former President Donald Trump’s tenure, the U.S. became a net exporter of oil and natural gas. September 2019 marked the first month U.S. exports of crude oil and petroleum products exceeded imports since 1949.
McFarland highlighted America’s securing of energy independence in the oil and natural gas industries “because of the fracking industry.” The price of oil is a geopolitical matter, McFarland noted, highlighting the centrality of oil exports to “Iran’s” and “Russia’s” economies. “[U.S. energy independence] is great for our economy [and is] particularly good because it put our adversaries — Russia and Iran — in a deplorable place.”
Economist Stephen Moore admonished that the Biden administration’s energy policies, ostensibly pushed to combat “climate change,” will efface American energy independence and avert the development of multitrillion-dollar domestic resources.
Breitbart News Daily broadcasts live on SiriusXM Patriot 125 weekdays from 6:00 a.m. to 9:00 a.m. Eastern.
This News Article is focused on these topics: National Security, Politics, Radio, Crude Oil, Iran, K.T. McFarland, Oil, oil and gas, oil and gas industry, oil industry, oil price, oil prices, oil production, Russia, Vladimir Putin