Weaknesses of the Biden administration’s energy policies became one of the decisive factors that prompted Russian President Vladimir Putin to invade Ukraine, said Rick Santorum, a former U.S. senator from Pennsylvania. War needs to be financed, and Russia relies on the revenue from the energy sector to fund its military and continue to feed its people, Santorum said in a March 11 interview for EpochTV’s “Crossroads” program. Since oil prices increased from about $60 to $65 per barrel a year ago to about $130 per barrel recently, Russia “can sell half as much oil and still make as much money as [it] made a year ago, but [it’s] gonna sell a lot more than half as much,” Santorum explained. The combination of President Joe Biden shutting down American production of oil and gas, such as the Keystone XL pipeline, and Europe becoming more dependent on Russian energy due to “greenlighting …
US Energy Policies Created Financially Favorable Conditions for Russia’s Invasion of Ukraine: Rick Santorum
March 16, 2022
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Business & Economyeconomic policieseconomyEuropeExecutive Branchinvasion of ukranieKeystone PipelineMarketsoil pricesoil productionPolicies & ImpactsPoliticsRussiaRussia-Ukraine WarRussian oilUSWorld
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