that is one reason the bank of england expects double digit inflation to drop back to single digits in the spring. for now, though, it s all about those price hikes. milk, butter, dairy foods, bread. filling up the car. strangely, fruit teas. they have gone from £1 to £2.25, and you think how can that be? . until recently, most of the inflationary pressure was global. the price of food, the price of fuel there is not much the bank of england can do about those global prices, but what they are now worried about is that inflation is becoming embedded domestically in the price of service, like a restaurant meal. the uk is not the only country hit by soaring inflation, it is even higher in germany and italy, which depend far more on imported russian gas. what s people s number one anxiety is the rising cost of things,
holes checked so that you can go in and develop it. if american energy producers could be producing energy, they would be producing it. and plus, this administration has created an environment where investors are scared to invest many fossil fuels because they know there s an all-out aact on immaterial. this is not only hurting investment on public lands, but also on private lands are where you don t have near arely the regulatory loopholes. investor s are back off because they can t make a long-term investment knowing this administration has open wily declared war on u.s. domestic energy. eric: well, also vladimir putin experts are saying that the russians had a strategy over in europe, get this, they supported climate activists and others to get off of nuclear, to edge fracking, and that was to end fracking, and and that was part of putin s strategy in order to sell europe more gas and oil. let me read you what the
eric: that s former israeli ambassador to the united nations warning vladimir putin is using russian oil and gas against the west. that after russia was hit with heavy sanctions for putin s war in ukraine. the biden administration has been many talks with saudi arabia and venezuela to boost oil exports from those countries. meantime, europe is now rushing to end its rehines on russian oil and gas. critics say it was putin who long supported activists in europe and banned fracking and nuclear power are there so that he could sell europe more of his oil and gas. pre republican congressman bruce westerman is a member of the natural resources committee on hill. congressman, welcome. putin has used oil as a weapon. how did europe and us to a much, much lesser extent, how did europe end up having to rely on vladimir putin in order to keep its lights on and the folks
seen committee that as china pretty uncomfortable with the invasion of a foreign country. she says enormous pressure from the u.s. and its allies is beginning to show signs of having an impact. that pressure is beginning to have some effect. we are seeing some signs of a willingness to have real, serious negotiations. but i have to say as your reporter said, so far it appears vladimir putin is intent on destroying ukraine. reporter: the u.s. has vowed to send more military assistance and aid to ukraine even as officials have warned they might become russian targets. arthel? arthel: jacqui heinrich live at the white house, thanks. reporter: thank you. arthel: so russia is part of p5+1 and they re playing games, now they re making excuses. i think what they really want to get is to get many terms of oil and gas
activist has written about this. i mean, this is pretty astounding. he writes, quote: climate activists, partly funded by russia, blocked fracking. in 2014 the secretary genre vealed russia was funding it saying, quote, russia engaged actively working against shale gas to maintain dependence on imported russian gas. russia exports two times more gas than europe produces. why? because climate activists partly funded by russia blocked fracking. finally, congressman, does it surprise you that putin may be sitting in the kremlin trying to back some of these groups so that he could sell the west hostage by selling them more oil and gas? not at all, eric. like i said, putin s [audio difficulty] have an agenda. we do not have a sound energy policy here. and it s not just putin, it s china as well that s promoting all this no fracking, attacking