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principle of justice. and i think what s going on here is that you have two governments, the saudi government and the united states government at the very tops of our government. we have a very cozy relationship with the kingdom of saudi arabia. look, it s no secret that they buy hundreds and hundreds of billions of dollars worth of weapons every year. it s no secret that they stabilize the world oil markets. but at the end of the day, that should not be a reason or excuse to keep these documents classified. and the blame goes all around. it starts with president bush, president obama vetoed our law which he overrode. president trump invoked the state secrets principle and was playing golf with them on every other weekend with liv golf. president biden, to his credit, was the only president that actually engaged with us and made an executive order to declassify these documents. but what we think is that these three-letter agencies are ignoring the will of that executive order.
all right, paul. thank you. the president, first lady and their daughter ashley hit the shops in maachuse today, j cheers from some locals. nancy is traveling with the president and joins us now. i know there is new developments on the oil and fuel front. what can you tell us? reporter: that s right. a big change in u.s. oil policy after years of sanctions on venezuela. it comes at a time when the u.s. oil markets and the world oil markets are so uncertain. today the biden administration announced that it is going to allow oil giant chevron to resume limited production in venezuela. the country with the largest oil reserves in the world. chevron and other companies haven t been able to operate in venezuela for four years after the u.s. imposed severe sanctions on the oil industry in an effort to weaken the corrupt regime of the venezuelan president nicholas maduro.
path with russia against democracy, against individual and human rights. we ve seen them go down this path in yemen. we ve seen the problems with free press with khashoggi. they re not taking the path we look like to see them take. this is just another step away from those values. i also find their decision, quite frankly, odd, given that we have worked very hard now in the last several pieces of legislation, including the national defense authorization act out of the house on my committee, the house armed services committee, to gain energy independence in this country. with an economy look russia and saudi arabia has, which is highly dependent on oil, almost nothing else in their economy supports them, to see them making these decisions to destabilize world oil markets i think is very short-sighted and
about when he was in the white house? well, i think that was more of a trump slogan, a bit of bravado, divorced from reality. the us, of course, is a major world producer of oil and energy, but it is not like the us did not import energy products. russia, for instance, accounts for, like, before the war, accounted for about 8% of us oil imports. the us is tightly integrated with world oil markets. i think that was a bit of a misnomer. it is being used by republicans to attack biden on the right. you know, you really needs to do something ahead of the midterms to try to show that he is responding to these rising energy prices. four months or so away. abdel, the relationship between, in particular, mohammed bin salman and trump is very close, not least