The push to ban Russian oil is gaining steam. Here's what that means for US energy prices

A bipartisan bill, unveiled this week by Democratic Sen. Joe Manchin of West Virginia and Republican Lisa Murkowski of Alaska, would do just that.

Note that this is very different from the more sweeping step of imposing sanctions on Russian oil, a move that would prevent virtually all nations from using Russian oil. Russian oil isn’t sanctioned, but nobody wants to touch it anyway Strictly banning US imports of Russian oil would most likely not have a dramatic impact on prices at US gas pumps, which surged this week to the highest level in nearly a decade.

That’s for a simple […]

Click here to visit source. www.cnn.com

See also  Russia’s talk of troops in Latin America called ‘bluster’

By Donato