President Joe Biden participates in a meeting on cybersecurity, Wednesday, Aug. 25, 2021, in the East Room of the White House. (Official White House photo by Adam Schultz)
The "single most important thing" President Biden could do to counter Russia's invasion of Ukraine is to take away Vladimir Putin's leverage by reopening "American energy industry," according to former deputy national security adviser KT McFarland.
President Biden announced new sanctions Thursday, but McFarland said in an interview this morning with "Fox & Friends" that the penalties won't deter Putin.
That's because the Russian leader's "coffers" are full and he has "political leverage over Europe."
Noting "providence has given us the greatest stockpiles and supplies oil and natural gas of any other region of the world," Biden could go to the Germans and other European nations and promise "energy security," said McFarland, who served under President Trump.
Biden, she said, could say: "Buy cheap, clean American natural gas. Forget about the Russians."
"He could go to the Asians and say, I'm going to supply you with energy as well," said McFarland.
"Not only would that take away the leverage of Russia and China, it would also drive the prices of energy down and bankrupt Russia. They need high revenues from oil or they can't pay for anything else."
On his first day in office, Biden shut down the Keystone XL pipeline and subsequently reverse many Trump administration policies that had made the U.S. energy independent.
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