Hypocritical Irony Alert: Guess who's buying Russian oil by the boatload?
The U.S. has been squeezing the Russian oil and gas industry since 2014.
Just the other day we prepared to sanction our European allies for wanting to buy Russian gas.
We are determined to crush the Russian energy export market, unless they bend to our will.
Or so you would think.
In the first half of May, 13 ships from Russia delivered almost 5 million barrels of crude and oil products, according to a report by Caracas Capital Markets managing partner Russ Dallen. More supplies are en route, with American refiners set to triple their monthly intake of Russian crude, the largest foreign producer outside of OPEC. "Lately, Russian shipments coming to the U.S. seem to be on steroids."
OK. I get it. Do as I say, not as I do.
I've seen this game before.
Which explains how "effective" the sanctions have been.
Russia has 21 companies on this year's Forbes Global 2000 list of the world's top corporations. Surprise! Seven of them are oil and gas companies.
...All seven of the Russian oil and gas firms on the Global 2000 have moved up the ranks this year. Gazprom is Russia's largest. It's ranked as the 40th largest corporation in the world, up from 43 the previous year.Rosneft, the Russian oil and gas company run top-down by Igor Sechin, a man referred to behind the scenes as Darth Vader in Moscow, is now the world's 52nd largest corporation, up from 73 in 2017.
Our unilateral sanctions that have targeted these specific, government-owned Russian oil/gas companies, have grown and gotten richer under U.S. sanctions, partly because the U.S. itself has dramatically increased its imports of Russia oil.
Obviously other nations should respect our sanctions. Not.
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We also bought Russian LNG
In the winter of 2017-18 we bought Russian LNG in the Boston area. We needed it because it was an especially cold winter. So the US is trying to convince other countries to buy us oil and LNG but we buy Russian. I don't see Russia buying US oil and LNG. Russia is a reliable supplier and decouples business from politics, unlike the US where everything is politics.
The US has a severe energy problem in the near future. Fracked gas and oil are money losers in almost every quarter and the capital debt just keeps growing. On top of that the wells are short lived. We have a huge habit. The solution is of course to get off of oil and gas. Given the vested interests that's not going to happen. Screwing with Iran and Venezuela has worsened the problem, to the point now of buying Russian. I'll bet that Russia is using the proceeds to buy Venezuelan oil and sell it in Asia. It amazes me to see how America is run by really stupid people. Open mouth, insert foot, pull trigger. Yes, that stupid. We're lucky that Russia will sell us oil and LNG. I expect to see a big thank you to President Putin.
Capitalism has always been the rule of the people by the oligarchs. You only have two choices, eliminate them or restrict their power.
Oil double-dealing
is an integral part of the entire Project of the New American Century. Just as Dick Cheney's Halliburton violated U.S. sanctions on Iraq and paid an affordable fine for doing so, culprits engaged in ISIS oil smuggling during the current war in Iraq and Syria have never been brought to justice, though they have been easily identified by military surveillance .
In 2015 Putin accused the government of Turkey of allowing and taking part in the smuggling of ISIS oil:
ISIS was selling oil to Israel via Turkey
Vlad had to shame Obama into lobbing a few bombs at the hundreds of miles long convoys. Obama said that he had to be careful because he didn't want to hurt civilians. lol... this from the kill list Tuesdays dude who said that he was "good at killing." Who knew?
Which AIPAC/MIC/pharma/bank bought politician are you going to vote for? Don’t be surprised when nothing changes.
Putin described
the state of affairs, including the oil resources being smuggled, in this discussion:
[video:https://www.youtube.com/watch?v=zs06DsEVHFk]