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How Biden’s Energy Policies Are Funding Putin’s War Machine for War against Ukraine, Israel and USA – AI Analysis

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How Biden’s Energy Policies Are Funding Putin’s War Machine – AI Analysis

There is a logical connection between Biden administration policies restricting domestic oil and gas production in the US and providing financial benefits to adversaries like Russia and Iran:

  1. The Biden administration has implemented various policies aimed at limiting oil and gas development in the US, such as pausing new federal leases, tightening regulations, and discouraging investment in fossil fuels[4].
  2. These policies have contributed to a decline in US oil and gas output, from 13.1 million barrels per day in February 2020 to 11.9 mb/d currently[2]. Taking over 1 million barrels per day off the global market has driven up prices.
  3. Higher global oil and gas prices, driven in part by reduced US production, have significantly boosted Russia’s export revenues and stabilized its economy in the face of Western sanctions[3]. Russia’s current account surplus exceeded $110 billion in the first five months of 2022, more than triple the amount from the same period in 2021[2].
  4. The increased oil and gas revenues have allowed Russia to continue funding its war in Ukraine, which is estimated to cost $876 million per day, roughly the same as its energy export revenues[3][5].
  5. Iran, another major oil exporter, has also benefited from higher global prices, gaining financial resources despite sanctions[3].

So in summary, the Biden administration’s policies restricting domestic oil and gas production have contributed to higher global prices, which in turn have provided a financial lifeline to adversaries like Russia and Iran. This has undermined the intended impact of sanctions and allowed these countries to continue destabilizing activities. The higher prices have also hurt American consumers through increased inflation and gas prices[2][3][4][5].

[2] https://www.nationalreview.com/2024/05/bidens-incoherent-energy-policy-response-to-the-war-in-ukraine/
[3] https://apnews.com/article/russia-ukraine-vladimir-putin-joe-biden-business-united-states-53a2fae4a7985b2b703824b012f7c34e
[4] https://www.mullin.senate.gov/newsroom/mullin-it-over/bidens-climate-hysteria-is-a-gift-to-putin/
[5] https://thehill.com/opinion/white-house/3535437-bidens-war-on-oil-is-funding-putins-war-on-ukraine/


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May 2024

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