Notes @525
#20800
Call em or Stall em
Anons speak in meme best
Joe Biden’s much-heralded international embargo of Russian oil purchases has flopped.
Vladimir Putin is selling more oil to the world now than before his unprovoked invasion of Ukraine provoked Biden’s ineffective boycott.
Not only that, but because of the economic and political uncertainty surrounding the Russian’s “special operation” and the mixed response of other countries, the global price of oil has surged about 30 percent.
So, Putin is not only selling more oil because of his war. He’s also reaping much greater revenues at higher prices because of his war. Which provides far greater sums to finance the now prolonged fighting that Biden professes to oppose.
Before the war, Russia delivered to Europe, for instance, about half of its nearly eight million barrels per day production of crude and refined oil.
Even if Russia cut its production levels now, thanks to increased oil prices energy experts estimate its annual oil revenues to be about $180 billion a year, 45 percent larger than last year.
Russia has shifted its energy sales to Asia, especially ally China, to developing countries that cannot afford the luxury of political protests, and to India, which also needs the energy and has often played Russian relations off against Western attention, for instance, in arms purchases.
Notably, India has refrained from condemning Putin’s invasion at the United Nations and is reportedly enjoying a 30 percent discount on Russian oil.
In the United States, meanwhile, under the foggy leadership of Biden, the price of gasoline has surged for average Americans who don’t ride in Secret Service SUVs.
The month Joe Biden was elected after firmly vowing to strangle U.S. reliance on fossil fuels, the national average gallon price was $2.10 based on the national energy independence constructed by Donald Trump.
By the time Biden took office two months later, it had jumped to $2.37. Biden halted new oil leases and canceled others while killing the Keystone XL pipeline, and then strangely endorsed Putin’s undersea NordStream 2 gas pipeline to Europe.
A year later on the eve of Russia’s invasion, Americans were paying $3.51 a gallon for gas.
Today the national average is passing $5.00, well on the way to the $7 per gallon price Biden suggested during the presidential campaign as his initial goal to stifle American reliance on oil and force acceptance of electric vehicles.
To give the appearance of responding to consumer outrage over gas prices, as crucial midterm elections loom, Biden authorized daily draw-downs from the Strategic Petroleum Reserve that Trump had filled to capacity through purchases at low prices. The SPR was designed for true global energy emergencies, not election year expediency.
Of course, Biden’s photo-op gimmick did nothing to affect prices. But he is reducing the nation’s energy safety net by one million barrels a day. That’s about 42 million liquid gallons every 24 hours.
https://redstate.com/andrewmalcolm/2022/06/13/putin-is-now-selling-more-oil-at-higher-prices-than-before-joe-bidens-embargo-n577906
https://twitter.com/bennyjohnson/status/1538193419071258624
Benny Johnson
@bennyjohnson
Another shocking angle just released of Biden’s fall today reveals what might have caused it
From
NautPoso 🇮🇪☘️
12:14 PM · Jun 18, 2022·Twitter for iPhone
Out of all of us here, I think I have the strangest world view, when compared to the normie world view we're forced to believe.