Europe discusses joining Russian oil embargo<\/h2>\n

\u2018The Federalist\u2019 senior editor Chris Bedford discusses the impact of U.S. sanctions on Russia and Europe\u2019s lack of \u2018seriousness\u2019 regarding sanctions on \u2018Fox Business Tonight.\u2019<\/p>\n

JPMorgan Chase CEO Jamie Dimon has weighed in on the current energy situation that has caused prices for oil and gasoline to soar.<\/p>\n

Dimon reportedly told President Biden that the White House needs to create a "Marshall Plan" to develop more domestic gas and other energy resources, according to Axios.<\/p>\n

GET FOX BUSINESS ON THE GO BY CLICKING HERE<\/u><\/strong><\/p>\n

Dimon pushed for energy independence on Monday during a closed-door White House meeting that included energy executives.<\/p>\n

<\/picture>\n

JPMorgan CEO Jamie Dimon<\/span> (Reuters \/ Reuters Photos)<\/span><\/p>\n

Dimon reportedly told the president and economic aides that additional gas production is needed for the energy security of both Europe and America.<\/p>\n

Other recommendations include more liquefied natural gas facilities in Europe and reduced reliance on Russian imports.<\/p>\n

Investments in new technology like hydrogen and carbon capture were also included.<\/p>\n

For historical reference, The Marshall Plan was an American initiative enacted in 1948 to provide foreign aid to Western Europe. The United States transferred over $13 billion in economic recovery programs to Western European economies after the end of World War II.<\/p>\n

CLICK HERE TO READ MORE ON FOX BUSINESS<\/u><\/strong><\/p>\n

The Monday meeting included CEOs of ExxonMobil, ConocoPhillips, Marathon Petroleum, Bank of America and Visa, people familiar with the matter told Axios.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Europe discusses joining Russian oil embargo \u2018The Federalist\u2019 senior editor Chris Bedford discusses the impact of U.S. sanctions on Russia and Europe\u2019s lack of \u2018seriousness\u2019 […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"yoast_head":"\n