Economist Stephen Moore spoke with Dana Loesch about how Biden's apparent strategy is to cripple not Russia's but America's ability to produce its own oil. Whoever is pulling the Resident-in-Chief's puppet strings is actually fighting against the interests of the United States.
"Essentially what Biden's strategy is that it's okay for Russia to produce oil but it's not okay for America," Moore is quoted as saying – watch below:
Biden has effectively sanctioned American oil more than Russian oil!
"Essentially what Biden's strategy is that it's okay for Russia to produce oil but it's not okay for America," @StephenMoore tells @DLoesch. pic.twitter.com/vRn9q1KoLn
— The First (@TheFirstonTV) February 26, 2022
Moore is a former economic advisor to the Trump administration. He says that what Biden is doing is a serious national security issue as it is crippling the country's access to energy.
"In the speech, what Biden didn't do was talk about any kind of sanctions that would be related to the primary way that the Russians fund their military operations, which is through the oil and gas money," Moore explained.
"What I had hoped that Joe Biden would say, what he should have said, is, 'Look, I made a mistake. We should have been producing as much oil and gas as we could. We should have built the pipeline, I shouldn't have discontinued it, and we're going to do that now' – that's what he should have said."
Biden's sanctions against Russia don't really affect its energy markets, which is what Wall Street wanted
Biden's sanctions on Russia seem to affect everything but the energy markets, which Moore thinks is a mistake.
"Wall Street and the Biden administration were sort of the same side of this," Moore lamented.
Loesch responded to this by stating that Biden's sanctions on U.S. energy production are more extreme than the ones he imposed on Russia. Biden is now talking about launching cyberattacks against Russia.
Russia, by the way, gets 40 percent of its gross domestic product from oil and gas, Moore further explained. And the man who owns those oil fields, Moore contends, is none other than Putin.
"Biden is going to make Putin the richest person in the world," Moore said. "You can tell I'm frustrated because none of these policies make any sense. And I guarantee you, having worked for Donald Trump, this is exactly the opposite of what Trump would have done."
"Trump would have basically said, 'drill baby drill, we're going to use our oil, our gas, our coal, our hydropower, we're going to build liquefied natural gas (LNG) terminals so we can be exporting it to Germany and France and Spain and Italy so they're not dependent on Russia's."
When it comes to energy policy and national security policy, Moore said, Biden seems to be "making every misstep" – or perhaps it is all intentional?
The interesting thing about all this is that while he was president, Trump actually had more sanctions in place on Russia than Biden currently does amid the Ukraine situation.
"The first two years of Trump's presidency, CNN and all the media and all the Democrats were 'Russian collusion, Russian collusion' as if Trump was in the hip pocket of Putin," Moore said.
"It turns out that the person who is in the hip pocket of Putin is Biden, because everything Biden is doing is benefitting Putin."
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