🆒

 

Ty,

I've been following.

Whether by coincidence or not, the EU members face low growth and record inflation.

Since pipelines Ru to Asian importers are not currently available, it is no coincidence that a shadow fleet of tankers is up to 600 ships. Now, this is the number of boats and not tonnage but this shadow fleet still represents more than a dent in the cap sanctions.

About 20% of the global tanker fleet changed from mainstream trading to the Ru oil business.

I was wrong a couple of weeks ago in re the new vessel fuel that will determine who can legitimately sail the 7 seas. Had mentioned that there would be no more Jackie Onassis'. My mistake: many boats for this new trade and can guess it is lucrative.

So much going on re the oil (and gas) import-export changes and the de facto trade alliances getting developed.

I'm hoping political stability remains in Europe. So far my hope hasn't worked too well.

 

If the idiot in charge of your country hadn't destroyed you gas production this wouldn't be an issue.

 

Army Guy,

One of my political themes is that most all US foreign policy / international relations "existential" problems are tracable to domestic political matters.

 

Biden Administration Cancels Drilling Sales in Alaska and Gulf of Mexico (Published 2022)

Republicans link the move to rising gas prices while the administration said it was a result of conflicting legal opinions and a lack of interest among bidders.

www.nytimes.com

Biden is destroying American energy and ordinary citizens suffer

President Biden is destroying U.S. energy industry and ordinary Americans, especially in rural states like Montana, are suffering as a result of his actions.

www.foxbusiness.com

https://www.cnn.com/2021/02/08/perspectives/keystone-cancel-biden/index.html

 

Keystone XL has nothing to do with US oil production.
The fox piece is a complete joke, first sentance: "The Biden administration’s decision to cancel American energy".
Again, how is it canceled if we produce MORE of everything now than when he took office?
"Using the definition of exports minute imports, 2021 was our highest level of energy independence in history"

U.S. Energy Independence Has Grown

Recently-released data from the Energy Information Administration shows that by one measure, U.S. energy independence increased in 2021.

www.forbes.com

 

Retaliation! More like a necessity as the door close on Russian oil.

https://news.yahoo.com/u-diesel-prices-drop-europes-060636168.html

 

This also means that Russia will be cutting their own income. At a time when they need it more than ever.

Despite their bravado, it will harm them more than their "enemies".

It's exactly like a spoiled kid holding his breath, hoping to make others "give-in".

Remember the saying "cutting off your nose, to spite your own face"

 

This also means that Russia will be cutting their own income. At a time when they need it more than ever.

Despite their bravado, it will harm them more than their "enemies".

It's exactly like a spoiled kid holding his breath, hoping to make others "give-in".

desperate people do desperate things. he's running out of options.

However, the advent of BRICS+ is worrisome - just a wild idea, but perhaps they're ready to launch some trial balloons for their own parallel economy, and start reserving trade between members only...

 

Let's also not forget that the Biden administration drained away the Strategic Petroleum Reserve.

It's at the lowest level since early times.

There were plans to replenish the SPR soonest.

No bids arrived for February 2023 contracts.

 

I think they will say they are cutting production so the price will go up and they can make a lot more money - especially if they don't actually cut production

 

Russian and Saudi relations have been getting closer. There might be some collusion to drive up the oil price to $100 a barrel. It'll be telling if the Saudis don't increase production to make up for the difference. Hopefully the idiot in the White House doesn't sell more of our reserve to China in the meantime.

 

I'm saying IF there is More than there was "then" the prices going up like they did does not support that. More supply = less cost to consumer. When prices Jump that is not what you expect IF there is more production.

 

So you don’t believe EIA?