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Posted

*RUSSIA RECOMMENDS FERTILIZER MAKERS TO HALT EXPORTS: IFX

 

Big input into fertilizer production - Natural Gas

 

Wheat futures surge higher.  About 20% of world supply from Ukraine/Russia.

 

 

Posted (edited)

 

In 2020, about 7% of U.S. petroleum imports, including crude oil, came from Russia.

 

In 2020, the U.S. imported about 27.7 million barrels of crude oil from Russia, which represented a 1.3% of total crude oil imports. The U.S. imported its bulk from Canada—more than 1.3 billion barrels, or 61% of America's 2.2 billion imports.

 

In 2020, the U.S. exported more petroleum than it imported for the first time since 1949, according to EIA.

 

https://www.wusa9.com/article/news/verify/verify-united-states-imports-crude-oil-petroleum-from-russia-not-major-source/65-ce3e3ff2-7078-4c40-b57f-3db1ca8e62a4#:~:text=As for petroleum%2C in 2020,Its top source was Canada.

 

But oil is priced on global commodity markets, so the impact of Russia on global markets is felt everywhere. Why does the US export oil that is needed here ?

 

Most oil is still produced in US so oil companies are gouging

 

Biden admin courts Venezuela as Russian economy takes hits from sanctions: report

 

Senior US officials travel to South America as some suggest Venezuelan oil imports could replace those from Russia

 

https://www.foxnews.com/politics/biden-admin-venezuela-russian-economy-sanctions

 

 

Edited by ALF
Posted (edited)
2 hours ago, ALF said:

 

In 2020, about 7% of U.S. petroleum imports, including crude oil, came from Russia.

 

In 2020, the U.S. imported about 27.7 million barrels of crude oil from Russia, which represented a 1.3% of total crude oil imports. The U.S. imported its bulk from Canada—more than 1.3 billion barrels, or 61% of America's 2.2 billion imports.

 

In 2020, the U.S. exported more petroleum than it imported for the first time since 1949, according to EIA.

 

https://www.wusa9.com/article/news/verify/verify-united-states-imports-crude-oil-petroleum-from-russia-not-major-source/65-ce3e3ff2-7078-4c40-b57f-3db1ca8e62a4#:~:text=As for petroleum%2C in 2020,Its top source was Canada.

 

But oil is priced on global commodity markets, so the impact of Russia on global markets is felt everywhere. Why does the US export oil that is needed here ?

 

Most oil is still produced in US so oil companies are gouging

 

Biden admin courts Venezuela as Russian economy takes hits from sanctions: report

 

Senior US officials travel to South America as some suggest Venezuelan oil imports could replace those from Russia

 

https://www.foxnews.com/politics/biden-admin-venezuela-russian-economy-sanctions

 

 

The administration appears to be counting on the Iran nuclear deal to provides some relief to global oil supply.  Assuming a deal can be reached Iran can produce about 1 million barrels per day.  However, Israel has said in no uncertain terms that a nuclear Iran is a "red line" and not acceptable.  So a deal with Iran could result in a near-term relief drop in the price of oil only to be followed by higher prices resulting from any Israeli military action.  Although its impossible to say whether an attack on Iran's nuclear infrastructure would result in a one-and-done attack or escalate into a regional war.

Edited by All_Pro_Bills
Posted (edited)
6 hours ago, ALF said:

 

In 2020, about 7% of U.S. petroleum imports, including crude oil, came from Russia.

 

In 2020, the U.S. imported about 27.7 million barrels of crude oil from Russia, which represented a 1.3% of total crude oil imports. The U.S. imported its bulk from Canada—more than 1.3 billion barrels, or 61% of America's 2.2 billion imports.

 

In 2020, the U.S. exported more petroleum than it imported for the first time since 1949, according to EIA.

 

https://www.wusa9.com/article/news/verify/verify-united-states-imports-crude-oil-petroleum-from-russia-not-major-source/65-ce3e3ff2-7078-4c40-b57f-3db1ca8e62a4#:~:text=As for petroleum%2C in 2020,Its top source was Canada.

 

But oil is priced on global commodity markets, so the impact of Russia on global markets is felt everywhere. Why does the US export oil that is needed here ?

 

Most oil is still produced in US so oil companies are gouging

 

Biden admin courts Venezuela as Russian economy takes hits from sanctions: report

 

Senior US officials travel to South America as some suggest Venezuelan oil imports could replace those from Russia

 

https://www.foxnews.com/politics/biden-admin-venezuela-russian-economy-sanctions

 

 

How about Joe Biden turns the Keystone pipeline back on instead of worrying about importing oil from our foreign adversaries...🤦‍♂️
 

Yet another example of Biden putting America last...smh...worst president ever...👎

Edited by JaCrispy
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Posted (edited)
5 hours ago, B-Man said:

And There It Is: Biden Asks for Billions for COVID and Ukraine – Where Will This Money Really Go?

by Joe Hoft

 

https://www.thegatewaypundit.com/2022/03/biden-asks-billions-covid-give-ukraine-sort-tricks-will-biden-pull-time/

 

 

joe-biden-ukraine-billboard-600x425.jpg

 

It still chaps my ass that this crook actually said this out loud for all the world to hear, when it was proven that Ukraine/Burisma were corrupt and his idiot-boy son was on their board...and no one batted an eye.  Trump tries to ensure that Ukraine's new regime isn't corrupt before he gives them money that might be wasted...and he's impeached. 

Edited by Doc
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Posted
3 minutes ago, Big Blitz said:

Wooooooo hooooooo!  Go Ukraine!

 

 

 

 

I'm not defending anyone with this but it's ***** like this that is stupid.  You don't compare dollars.  You compare percentages.  For those of us old enough to remember this is nothing compared to the 1970's when some stations didn't even have gas.  I hate sensationalized news.  

 

 

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Posted

Almost to the record....10 more cents 

 

 

Gas hit 4.15 here today.

 

60 cents in 2 weeks.  

 

We're headed toward 1920s Germany inflation...

 

Let's go fight some Russians!

Posted
6 hours ago, Chef Jim said:

 

I'm not defending anyone with this but it's ***** like this that is stupid.  You don't compare dollars.  You compare percentages.  For those of us old enough to remember this is nothing compared to the 1970's when some stations didn't even have gas.  I hate sensationalized news.  

 

 

Reminds me more of ‘08 when I swore off gas guzzlers for good.

Posted (edited)
33 minutes ago, Big Blitz said:

White privilege ......

 

 


Great!  I do have a question Mr Secretary. Where’s all this electric power going to come from??

 

9766C04C-E3DF-4BC2-A209-30AB7C7AB18A.thumb.jpeg.ae1559b731c124f209781172eab9f459.jpeg
 

Oh……..

7 minutes ago, Doc Brown said:

Reminds me more of ‘08 when I swore off gas guzzlers for good.


Ah yes. The great Hummer extermination. 

Edited by Chef Jim
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Posted (edited)
11 hours ago, Chef Jim said:


Great!  I do have a question Mr Secretary. Where’s all this electric power going to come from??

 

The irony is that the US will likely use more coal to generate electricity in 2021 and 2022 than we did in the last decade, and I'll speculate that the four years in the Biden administration will see record coal consumption for generation.  Coal companies here in PA can't find enough workers and can't fill the orders fast enough.  

 

Just like President Obama was the best salesperson a gun company could ever have, Biden will be the President that brings back the coal industry.  

Edited by dpberr
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