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Page added on March 7, 2022
USA Weighs Acting Solo on Russia Oil Ban
The Biden administration is considering whether to prohibit Russian oil imports into the U.S. without the participation of allies in Europe, at least initially, according to two people familiar with the matter.
The administration has yet to decide on a U.S. import ban, with the timing and scope of any move still fluid, according to the people, who spoke on condition of anonymity. Administration officials have been in close contact with allies on a possible ban while also working to prepare for the domestic impact, the people said.
The prospect of an oil import ban is helping drive crude to its highest levels since 2008, with futures trading up 2.4% at 8:51 a.m. Monday in New York. U.S. equity futures pared a decline.
Administration officials were discussing with the U.S. oil and gas industry last week how a ban could affect American consumers and global energy supplies, as lawmakers in both parties in Washington race to advance bills barring Russian oil imports to punish the Kremlin for its invasion of Ukraine.
House Speaker Nancy Pelosi, in a note to lawmakers Sunday, said the House is “exploring strong legislation” that would ban the import of Russian oil and energy products among other steps to isolate Russia from the global economy. Pressure to act increased after President Volodymyr Zelenskiy asked lawmakers to ban the import of Russian oil during a call on Saturday.
Sunday, U.S. Secretary of State Antony Blinken said that the U.S. and its European allies were discussing a possible ban of Russian oil imports to tighten the economic squeeze on President Vladimir Putin over the war in Ukraine. Blinken, who said he had discussed the matter with President Joe Biden on Saturday, said oil supplies would have to be ensured if such a measure were imposed.
“We are now in very active discussions with our European partners about banning the import of Russian oil to our countries while, of course, at the same time maintaining a steady global supply of oil,” Blinken, who held talks in Eastern Europe on Sunday, said on NBC’s “Meet the Press.”
Russian oil made up about 3% of all the crude shipments that arrived in the U.S. last year, U.S. Energy Information Administration data show. U.S. imports of Russian crude in 2022 have dropped to the slowest annual pace since 2017, according to the intelligence firm Kpler.
The U.S. imports about 700,000 barrels per day of Russian crude and petroleum products, including fuel oil, according to the Energy Information Administration.
When other petroleum products — such as unfinished fuel oil that can be used to produce gasoline and diesel — are included, Russia accounted for about 8% of 2021 oil imports, though those shipments have also trended lower in recent months.
It would be far more difficult to backfill a ban for Europe, which imports about 4 million barrels per day of Russian crude and refined products, according to Eurostat data.
Russia is by far the largest exporter of crude oil to the European Union, accounting for 27% of imports in 2019, according to the European Commission.
“Russian oil and gas exports are 4.5% of the energy that the world consumes and the West is Russia’s biggest customer,” said Kevin Book, managing director of research firm ClearView Energy Partners. “A broad and strict transatlantic ban on Russian oil and gas exports could raise energy prices well beyond the gas pump.”
Even though it will leave them vulnerable, other U.S. allies like South Korea and Japan are likely to follow suit if the Biden administration bans Russian oil, according to John Driscoll, chief strategist at JTD Energy Services Pte Ltd., who has spent more than 30 years trading crude and petroleum in Singapore.
“You’re taking the one of the world’s largest oil exporters and you’re taking them out of the equation,” he said. “That’s going to have a major impact not only in terms of Russian oil exports but also on the overall supply chain.”
Russia’s gas and oil have been mostly spared from sanctions introduced by the U.S. and European countries, due to concern over the economic impact, including Europe’s greater dependence on Russian oil and, in particular, natural gas.
European Commission President Ursula von der Leyen hinted at the difficulty of reducing the EU’s dependence on Russian fossil fuels in the short term.
“We are just discussing in the European Union a strategic approach, a plan, how to accelerate the investment in the renewables, how to diversify our energy supply,” she said on CNN’s “State of the Union” on Sunday.
Democratic Senator Joe Manchin, who’s in a bipartisan group of lawmakers backing a bill to impose the restriction, suggested Sunday that the U.S. go it alone.
“It’s basically foolish for us to keep buying products and giving profit and giving money to Putin to be able to use against the Ukrainian people,” Manchin said on NBC, pointing to what he said are untapped resources in the U.S. energy sector. “So why wouldn’t we lead? Why wouldn’t we show the resolve we have?”
10 Comments on "USA Weighs Acting Solo on Russia Oil Ban"
BabiesTooCanHaveFacialSkinCancer on Mon, 7th Mar 2022 9:51 pm
25 min of babies with a debut of facial skin cancer.
https://www.youtube.com/watch?v=rEybR8AcdqM
any specie that has participated to the enslavement of humans being will be totally exterminated, including your new born.
FacialSkinCancerEverywhere on Tue, 8th Mar 2022 12:59 am
You turn the world into a dystopian nightmare. You have installed a totally new reality. Not sure what to say more.
https://www.youtube.com/watch?v=iulvEmAmtcQ
Lots of people with a beginning of facial skin cancer. I don’t think you need me anymore, I think you have the situation under control. I think I can bail out of this.
FacialSkinCancerEverywhere on Tue, 8th Mar 2022 1:04 am
Again, You turn the world into a dystopian nightmare. You have installed a totally new reality. Not sure what to say more.
I kind of like it. I never thought you had the balls to do it. Apparently you have a bigger pair of balls.
https://www.youtube.com/watch?v=ZVCrgFgoI9k
FacialSkinCancerEverywhere on Tue, 8th Mar 2022 1:24 am
You have big balls. I respect that. I am without words. You finally did it, turn earth into a dystopian hellish nightmare. 0:47
https://www.youtube.com/watch?v=Tpy8NMonHE0
FacialSkinCancerEverywhere on Tue, 8th Mar 2022 1:25 am
Wrong link above 0:47
https://www.youtube.com/watch?v=Tpy8NMonHE0
ANAL CAPTURE SHOCK attn elite whitey (((supertard))) DREDD hes STRONG on "science!" JUST like the streetshitter ATTN elite whitey (((supertard))) Theedrich on Tue, 8th Mar 2022 2:22 am
ANAL CAPTURE SHOCK attn elite whitey (((supertard))) DREDD hes STRONG on “science!” JUST like the streetshitter ATTN elite whitey (((supertard))) Theedrich said thecovidblog
SHOCK streetshitter MUZZ-19 WENT BYEBYE
please ease love muzz
Cloggie on Tue, 8th Mar 2022 6:56 am
Commodity prices are exploding, making Russia filthy rich!
https://deepresource.wordpress.com/2022/03/08/crude-oil-price/
Sanctions are backfiring enormously.
Western fools.
Biden's hairplug on Tue, 8th Mar 2022 9:43 am
President Putin explains his motives in a 20-minute talk in front of the most beautiful women, the flower of Russia:
https://www.informationclearinghouse.info/57032.htm
Putin is the greatest white leader today, by far and the only hope left.
The greatest white scumbags can be found in the US, Canada, Britain and Holland:
https://tinyurl.com/2p9zpwkf
FamousDrScanlon on Tue, 8th Mar 2022 1:02 pm
clog, no wonder you suffer nightmares & chronic hysteria.
Perhaps one day I’ll give you a list of some Canadian people & families who wield real power. That’s in addition to foreigners who have power & influence here. What people don’t seem to understand is both native & foreign elites don’t have power & influence over everything(shades of gray fucking up the retard simple narrative again). Like Iraq 2003 in 2003. Telling the Americans – which part of “No” don’t you get? Help blowing up brown people & their shit is only part of the reason the Americans wanted Canada to join them. If they can get a highly civilized & respected Nation like Canada to join their illegal war, it would help legitimize their illegal war & murder. See the thing is that Canada is highly civilized & respected because they DON’T jump headlong into illegal wars based on fabricated evidence(amateurish) every time the Americans show up at the door with their hair on fire.
My wife’s nephew did not get why Canada would not go to Iraq when we had already sent Canadian forces including JTF2 (Special forces) to Afghanistan. BUT in 2014 we started bombing in Iraq
Remembering the Canadians who died in 9/11
On today’s date in 2001, at least two dozen Canadians were among the nearly 3,000 people who died in the 9/11 terrorist attacks in the United States.
To date, no Canadian stamps have been issued to honour the Canadians who died in the attacks on the World Trade Center in New York, N.Y., on the Pentagon in Washington, D.C., and on United Airlines Flight 93, which came down in Pennsylvania after being hijacked on Sept. 11, 2001.
“It is impossible to fully comprehend the evil that would have conjured up such a cowardly and depraved assault upon thousands of innocent people,” said Jean Chrétien, then prime minister, in the aftermath of the attacks.
Nearly 240 international flights were diverted to Canadian airports, 38 of which were diverted to Gander International Airport in Newfoundland & Labrador. The small town of 10,000 people sheltered more than 6,500 stranded passengers in the days that followed Sept. 11.
https://canadianstampnews.com/remembering-canadians-lost-911/
….
Canada Launches First Airstrikes Against ISIS in Iraq
Canada is reeling from two separate apparent terror attacks on Canadian Parliament and military personnel.
Canadian fighter plans launched their first airstrikes against ISIS since joining the U.S.-led coalition against the militants, Canada’s defense minister said in a statement.
Canada’s defense minister, Rob Nicholson, said in a statement Sunday that F-18s dropped 500-pound laser-guided bombs on ISIS targets in the area of Fallujah, Iraq, in a four-hour mission.
https://www.nbcnews.com/storyline/isis-terror/canada-launches-first-airstrikes-against-isis-iraq-n239741
My friend says ‘the terrorists won’. ‘Just look at how bad things have got since 9/11?’
My friend is a bit of a conspiracy tard to say the least, but he’s not wholly wrong. If collapse is death by a million cuts, 9/11 was a HUGE gash.
He is not too concerned about Russia as a threat to the West but, China has his hair on fire. I can tell he’s genuinely scared of “the chinks”. I told him that he’s lucky to be something of a climate denier (middle weight), because if he understood that threat he’d be fucked.
The ‘commies’ the ‘chinks’ & other nations can be negotiated with, but not run away climate change.
P.S. I’ve had a number of ignorants claim Canada is a vassal, America’s bitch. Not, because in the true or original definition of ‘vassal state’ the obligation to the kingdom or empire was almost always a certain number of men to fight. To say ‘NO’ could result in serious punishment. They might just kill the defiant leader & install a puppet or rape, pillage, kill everyone & burn the rest.
FamousDrScanlon on Tue, 8th Mar 2022 1:13 pm
Economist Michael Hudson’s guest post at the Saker
The American Empire self-destructs. But nobody thought that it would happen this fast
https://thesaker.is/america-shoots-its-own-dollar-empire-in-economic-attack-on-russia/