Political Quotes

“Russia continues to engage in ruthless and unprovoked attacks against the democratic and independent nation of Ukraine. I strongly condemn Russia's dangerous aggression against the people of Ukraine. Putin is responsible for the death and destruction in his wake, and he must be held accountable. The one sledgehammer that we can use against Putin is American energy resources. Reducing the amount of Russian energy going to Europe would hurt Russia's economy. The oil and gas revenues made up about 36 percent of Russia's national budget last year. In 2021, Russia sold $100 billion worth of oil and natural gas to Europe. Russia is Europe's main supplier of energy. The European Union received over 40 percent of its gas imports from Russia. Russia also has significant ownership in Europe's energy infrastructure, including pipelines, distribution centers, and storage facilities. With natural gas prices increasing and oil surpassing $100 a barrel, more of our allies' money will be lining the pockets of Vladimir Putin. Due to high energy costs, Russian oil and gas revenues exceed initial plans by 5 percent this past year, totaling $119 billion. In 2021, revenues from Russian oil and gas were almost $500 million each and every day. It is a windfall for Vladimir Putin. As a result, the amount of Russian energy going to Europe is a major problem. We must help our allies escape Russia's energy trap.…”