The conversation took place as the leaders of the world's richest nations gathered for the G7 summit in Germany.
One panelist on Russian state TV touted the country's oil revenues while the American economy struggles with high inflation and gas prices.
This week, former Bank of Canada Governor Stephen Poloz warned oil and gas prices may remain higher permanently and Canadians may have to adjust.
With Americans facing high gas prices, President Joe Biden is placing the blame on oil companies for not increasing production.
During a speech calling for a federal gas tax holiday, the president made a push for clean energy.
Federal Reserve Chairman Jerome Powell said a recession is possible and that more interest rate increases seem likely.
The chief of Ukrainian state energy giant Naftogaz said on Tuesday that the group led by Firtash will no longer be dominant in the Ukrainian gas market.
A fire broke out at Novoshakhtinsk refinery in the Rostov region near the Ukraine border after two Ukrainian drones were spotted over the plant, according to reports.
A gas tax cut won't do much to fix high prices driven by a supply shock. Experts warn it could actually make inflation worse.
Consumers are selling everything from guns and game consoles to jewelry and family heirlooms to pay for basics.
"It turns out that in an anti-Russian fever, Washington is ready to shoot itself in the leg and dance simultaneously," Anatoly Antonov said. "It looks absurd."
After promising to treat Saudi Arabia like a "pariah state" during the 2020 presidential campaign, it looks like President Biden has been brought to heel, just like virtually all of his predecessors, by America's unending thirst for cheap oil.
Biden is looking for other paths to lower rising gas prices without sacrificing his promise to combat climate change.
A contentious back-and-forth between Bill Keating and Brian Mast occurred during a hearing this morning.
"We should consider importing crude oil from Russia at a low price because it is not sanctioned," a key South African minister said.
The American Petroleum Institute's CEO called Biden's energy agenda "misguided," saying, "The American people need a different direction to solve this crisis."
The families have called on Biden to "demand transparency" from Saudi officials ahead of his trip, where he is expected to push for increased oil production.
According to a recent report, Russia made nearly $100 billion in fossil fuel exports during the first 100 days of the war in Ukraine.
Ren's Mobil Station owner Reynold Gladu received praise for protesting oil companies "fleecing Americans."
The president said Exxon "made more money than God this year."
Even with unprecedented sanctions imposed on Russia, experts say Putin won't run out of war funds anytime soon due to oil revenue.
Biden had pledged to make the Saudi Crown Prince a "pariah." Now, he's preparing to meet him, hoping to bring surging gas prices down.
Russia's foreign minister Sergei Lavrov said Saturday that the country has "alternative sales markets" for oil exports "where we are already increasing sales."
China and India pursue "their own advantage," allowing "Russia to continue earning revenues from energy exports amid EU extending embargoes," expert says.
Americans will see gas prices rise nearly immediately due to the embargo, experts said.