“I know how much it hurts,” Mr. Biden said Thursday as he announced the plan. “Our prices are rising because of Putin’s action,” Mr. Biden added, referring to President Vladimir V. Putin of Russia. To put that in context, Russian oil exports are down about three million barrels a day. Now, under attack from Republicans for high prices, Mr. Biden and Democrats are trying to get the oil industry to drill more. Oil prices had dropped this week after peace talks between Russia and Ukraine showed the first signs of progress.

Source: New York Times March 31, 2022 09:17 UTC