Joe Biden announced a ban on Russian oil and gas imports, ratcheting up sanctions over its war against Ukraine.

“Today, I am announcing the United States is targeting the main artery of Russia’s economy. We’re banning all imports of Russian oil and gas and energy,” Biden said. “That means Russian oil will no longer be acceptable at U.S. ports and the American people will deal another powerful blow to Putin’s war machine.”

Biden said the decision was made to “inflict further pain on Putin” but warned that there “will be cost as well here in the United States.”

Might this be a good time to boost energy production domestically?

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