U.S. Treasury Secretary Janet Yellen told CNN that the European Union’s planned suspension of Russian gas exports may cause Americans more pain at the pump this winter. This comes after a proposed price cap on Russian energy earned the support of the G7. Batya Ungar-Sargon and Robby Soave discuss. #Russia #Oil #Gas #Ukraine

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    37 Comments

    1. One other point: the ruble is doing fine and Putin has reached record energy profits since sanctions began. Why tf are we still doing sanctions when they clearly aren't working? I'm not trying to punish Putin 10 years from now for the invasion. If they had any meaningful effect in the present, maybe a conversation could be had (not by me, but it would at least make more sense.) Sanctions are an act of war imo and their goal is to hurt the little people! How is that humane? What does the average Russian have to do with a Ukraine invasion? Not much. The ripple effects of the sanctions across Europe and here in the US are also another reason to decry them. The only people affected are those who have no say in the matter of war.

    2. To Robbie’s price predictions question: Drawing down of the strategic reserves ends shortly after the midterms if I recall. I’ve been told they only contribute Pennie’s, but it sure seems like prices started dropping when we started drawing from them.

    3. A gallon of reg unleaded has been 5.59+ a gallon in my town (literally every station) for months now. And my car gets lousy gas mileage. It kills my soul every time I have to put gas in the car.

    4. American 🇺🇸!!!!
      Make sure you buy oil to heated your home next 5 months!!!
      46 President and Team policy’s.
      Let if far left parties going blame Trump again!!!!
      Fox News and NewsMax please keep balance and proof for us!!!
      True Americans citizens 🇺🇸!!!
      want the true before Nov 2022 and Nov 2024!!!!!!
      Remember American 🇺🇸!!!!!
      Don’t blame We The People want Balance, Law and Order!!!
      God bless US All 🇺🇸🇺🇸🗳🗳🗳

    5. It's not the end of the administration. He was put into place. If not him then someone else will be put in that position. The elite are done playing pretend with us commoners.

    6. As wealthy celebrities (Colbert) and Biden told us since March, pay more for gas/fuel for freedom. It's US patriotism at it's best. what a sick joke.

    7. "Under my plan… electricity rates would necessarily skyrocket." Barrack Obama on the campaign trail in 2008. The same year his eventual Energy Secretary Steven Chu called to "figure out how to boost the price of gasoline to levels seen in Europe", which was seeing protests as gasoline was the equivalent of over $8 per gallon. At the time gasoline in the US was hovering just over $4 per gallon and the country was in the midst of the Great Recession.

    8. "Under my plan… electricity rates would necessarily skyrocket." Barrack Obama on the campaign trail in 2008. The same year his eventual Energy Secretary Steven Chu called to "figure out how to boost the price of gasoline to levels seen in Europe", which was seeing protests as gasoline was the equivalent of over $8 per gallon. At the time gasoline in the US was hovering just over $4 per gallon and the country was in the midst of the Great Recession.

    9. They got to keep their green new deal and the great reset plans going forward. Don't be fooled by the gas prices going down, it will go right back up once the midterms are over and the reserves are depleted.

    10. When Biden is through pillaging the strategic petroleum reserves and they are on "E", even as radicals sabotage energy development in North America, Australia, and Europe…because "awoke"….prices will soar again.

    11. Dumbocrats gifted Putin hundred billion dollar increases in his trade balances with their science denial and virtue signaling…..Then they allied with Neocons to instigate war in Europe…it's what they do.

    12. Funny how quickly we can put caps on Russian gas, but we can’t put a max. charge on an MRI, a vail of insulin, ambulance rides, X-rays, consultations or a blood test?

      “Pay up, or die-” Here’s how capitalism works:
      Profiting off people’s sickness is okay, because it’s healthy for the economy.Breaking up monopolies and regulating predatory healthcare billing is bad, because that’s socialism. The right for healthcare lobbyists to extort patients shall NOT be infringed!

    13. Another unnecessary thing, since Bernie Sanders said Big Oil was reaping record profits a while back, so the Democrats could regulate the industry in their constituents favour, rather than the usual serving corporate/industrial interests to the detriment of the public, ugh-ily.

    14. They don't want a middle class, they are actively working to destroy it. We are in the middle of being transitioned to a third world country. 90% will be poor with 10% being super rich, holding all power and there will be no middle class.

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