and i'm going to hold on that until we get more information. thank you. appreciate it. >> all right. you're listening to president biden there making that big announcement. banning russian oil imports into the united states. back with me now, cnn white house correspondent john harwood and catherine ranpal. they target the main artery of russia, with this announcement, what did you hear? >> reporter: i heard a president trying to shield himself from the blowback for this step in multiple ways. he called it putin's price hike. he warned oil companies not to gouge. condition americans to think some of the increase may come from predatory behavior by the companies. he said nothing his administration had done has held back domestic oil production so far. he referred to all of the leases that are held that are not wells being drilled right now, that's a function in part of the lagging effect of depress demand