While it is certainly true that the much-publicized "cap" on the price of oil is inane and that Russia is finding ever more ways to circumvent it (including laundering its oil through third countries after which it is resold to the West at a higher price), it's also true that sanctions, covert action (goodbye, Nordstream...) and removal of insurance coverage has had the effect of pushing Europe toward a much greater reliance on renewables and toward much greater efficiencies in the use of energy. All these outcomes are highly desirable and if the USA were not politically dysfunctional and incapable of coherent action, it too would be heading in this direction. So while the basic argument of the article is correct (buyers can't set the price of a commodity) it overlooks other important factors in the equation and sounds just like another boring bash-Biden rant by some disgruntled far-right Republican voter.