Posted on 03/09/2022 7:09:13 AM PST by SeekAndFind
Under pressure from a veto-proof majority in Congress, Joe Biden loudly announced a cutoff of energy purchases from Russia, amounting to about 7% of U.S. energy imports.
"Russian oil will no longer be accepted at U.S. ports — and the American people will deal another powerful blow against Putin’s war machine," he tweeted.
Russian oil will no longer be accepted at U.S. ports — and the American people will deal another powerful blow against Putin’s war machine. pic.twitter.com/dk7QNXnDA6 — President Biden (@POTUS) March 9, 2022
Russia had been sending about 600,000 barrels of oil a day to the states in a big export surge, following Biden's bans on federal leases for drilling, halt to the Keystone XL pipeline, and other measures intended to bankrupt Big Oil in the name of "going green." The rise actually started late in the Trump administration's term, but it spiked sharply higher when Biden started clamping down on American production. As of the state of the Ukraine war, Putin has been taking home about $56 million a day from sales of crude to the states.
Well, this ought to fix them, right?
Not so fast. Biden went on to say that the loss of supply would raise energy prices for ordinary consumers and there was nothing he could do, because Putin did it.
But him being an ally of the American people and all, he'd do his darndest to alleviate the effects of this price hike, which rather goes against the past statements coming from his administration about driving oil prices higher so that green energy could finally become a viable alternative.
(Excerpt) Read more at americanthinker.com ...
He tried hard to get the Saudis and Emiratis to pump more oil, but the sheikhs refused to take his phone calls. That leaves him with much gamier suppliers -- like Venezuela, which is currently under a huge sanctions regime dating from the days of President Trump, following the Nicolas Maduro regime's bid to oust him from a constitutionally appointed role as acting president and then the rigged and stolen election of 2020 as well as Venezuela's ongoing history of drug trafficking.
So, Who owns Venezuela's oil? The information is pretty hazy give that these characters don't release much information anymore, and the news shifts often, but the preponderance of evidence suggests that Russia owns a big chunk of it.
In 2020, Rosneft handed all of its Venezuelan assets to a 100% Russian state-owned entity to avoid U.S. sanctions.
MOSCOW (AP) — Russia’s Rosneft has transferred its assets in Venezuela to a company fully owned by Vladimir Putin’s government, a move apparently intended to shield Russia’s largest oil producer from U.S. sanctions while Moscow continues showing support for Venezuelan President Nicolás Maduro in the wake of a U.S. narcotics indictment.
The sale, announced Saturday, follows the recent sanctioning of two Rosneft subsidiaries in an effort to cut a critical lifeline that Russia extended to Maduro after the U.S. government made it illegal for Americans to buy crude from Venezuela.
Rosneft, led by longtime Putin associate Igor Sechin, said its move means “all assets and trading operations of Rosneft in Venezuela and/or connected with Venezuela will be disposed of, terminated or liquidated.” It did not name the new company that would take over the assets, which include multiple joint ventures, oil-field services companies and trading activities.
The O Cabal does not play chess...or they REALLY are set on the US destruction.
Rosneft hands Venezuelan oil business to Russian state firm By VLADIMIR ISACHENKOV and JOSHUA GOODMAN March 28, 2020
Russia’s Rosneft has transferred its assets in Venezuela to a company fully owned by Vladimir Putin’s government, a move apparently intended to shield Russia’s largest oil producer from U.S. sanctions
Total khabhuki,
China and pooty own our perverted gangstamint
If only we had a Press that would call our so-called “leaders” to task.
Bkmrk
Again, if we really wanted to hamper Russia, we would push oil prices down to $20/barrel, not cripple the market so that prices rise to $200/barrel.
You can bet biden has arranged for his 10%.
You gotta give it to the BabylonBee for some of their stories.
**
Was it over when the Germans bombed Pearl Harbor?
Putin plays chess while Bidet etal yell and scream while throwing checkers.
Another dodge is what Fauci used to hide his funding of gain-of-function research in China — send money to a 3rd party and then claim innocence.
Putin will sell his oil to another country, who will sell it on to “the West”.
Yee Gawds, this is not rocket science. So long as the operations are being done non-domestically, the elites will find a way to skim the $$$.
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