'US oil production has fallen by 1.715 million barrels from a year ago, so a large part of that void is being filled by Russia.'

'The closure comes as a result of changes in market conditions, foreign competition and proposed revisions to tax policies.'

Spokesman Vedant Patel declined to say if Biden plans to address increased crude exports from Canada or intervene in other pipeline disputes.

The Keystone XL Pipeline would have transported more than 800,000 barrels of oil a day from Alberta, Canada to the Texas Gulf Coast.

'The fallout from the Colonial pipeline cyberattack made it very clear that we need more energy infrastructure, not less.'

It's no coincidence that gas prices are the highest they've been since the last time Joe Biden was in the White House.

A return of liberal energy policies is likewise bringing a return of Obama-era gas prices. Gasoline soars to prices not seen since 2014.

'I have been opposed to Nord Stream 2 from the beginning but it only has - it's almost completed,' Biden told reporters.

Biden is understandably getting backlash for this move, as the pipeline will give more political power to Russia.

With one single decision, the Biden administration has displayed both hypocrisy and blatant disregard for the country.