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The World Could See A Record-Breaking Oil Supply Shock
OilPrice.com ^ | 3/17/22 | Tsvetana Paraskova

Posted on 03/24/2022 3:57:37 AM PDT by hardspunned

The global oil market could lose 3 million barrels per day (bpd) of supply from Russia starting in April, as sanctions on banks and buyers’ reluctance to purchase Russian oil could result in the biggest oil supply crisis in decades, the International Energy Agency (IEA) said in its Oil Market Report for this month..,

(Excerpt) Read more at oilprice.com ...


TOPICS: Business/Economy
KEYWORDS: acanceltoofar; bigrubleinlittleruss; cancellingrussia; izmeneniyeklimata; payupsuckers; putinapproves; rgiow; roubles; rubles; russiaapproves; russiagoingitsownway
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We haven’t bottomed out yet due to this neocon madness, not by a long shot. Hopefully BRICS exports can help to mitigate the damage being done to the world’s supply of oil.
1 posted on 03/24/2022 3:57:37 AM PDT by hardspunned
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To: hardspunned

Give credit where credit is due.

This is Joe’s mess— he turned off US oil.

Look behind the curtain and you’ll see Obama and Valerie Jarrett pulling the levers. Their game is to Make Iran Great Again


2 posted on 03/24/2022 4:19:52 AM PDT by IncPen ("Inside of every progressive is a Totalitarian screaming to get out" ~ David Horowitz )
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To: hardspunned

Alaska alone could make up this shortfall if Biden’s puppeteers would only allow it.


3 posted on 03/24/2022 4:31:45 AM PDT by Chad C. Mulligan (qd4)
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To: hardspunned

You do know that the “R” in “BRICS” stands for “Russia”, don’t you?

And, aside from Brazil, how much do the rest produce?


4 posted on 03/24/2022 4:31:58 AM PDT by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: IncPen

Some sort of a deal was cut. I’ve been watching the tanker Elli, which was on it’s way to the US with Russian oil, and anchored off the coast of Spain, as soon as Biden made his stupid announcement. Yesterday Elli must have gotten orders to resume transporting the cargo of Russian oil to the US.

Here is the current AIS. Click on Route Forecast.

https://www.marinetraffic.com/en/ais/home/shipid:214139/zoom:10


5 posted on 03/24/2022 4:38:15 AM PDT by Bogie
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To: Chad C. Mulligan

Looks like we will all have to learn to code and drive Teslas.


6 posted on 03/24/2022 4:41:45 AM PDT by refermech
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To: Bogie

Keen observation! Thanks for sharing this info, and please keep us updated of Elli’s progress.


7 posted on 03/24/2022 4:48:31 AM PDT by NautiNurse (Who will portray Alec Baldwin in the SNL skit? )
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To: hardspunned

The only alternative is to get Iran and Venezuela back in the market. Otherwise, we are looking at a major global recession.


8 posted on 03/24/2022 4:49:38 AM PDT by FarCenter
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To: IncPen

Or, since you used the ValJar name, “Make Persia Great Again”


9 posted on 03/24/2022 4:50:23 AM PDT by Cletus.D.Yokel (At this time, there is NO NUCLEAR THREAT to the USA. Turn off the TV and carry on.)
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To: NautiNurse

Elli is soon to be out of AIS range, but I am going to be looking for it when it gets to the Gulf of Mexico.

Another one with Russian oil is the Beijing Spirit, and it was scheduled to go to Philadelphia. As soon as Biden made his statement it too anchored, but off the coast of France. Beijing Spirit also resumed its trip to North America yesterday, but the destination was changed to Quebec Canada.

Beijing Spirit is now out of AIS range.


10 posted on 03/24/2022 5:09:02 AM PDT by Bogie
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To: Bogie
Yesterday Elli must have gotten orders to resume transporting the cargo of Russian oil to the US.

Elli's coming.

11 posted on 03/24/2022 5:18:38 AM PDT by JPG (Boost this.)
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To: NautiNurse

The secret to keeping the secret, is that these ships are flagged differently.


12 posted on 03/24/2022 5:23:16 AM PDT by Bogie
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To: JPG

Yepper, with some help from Beijing Spirit, and a lifeline for Biden.


13 posted on 03/24/2022 5:26:40 AM PDT by Bogie
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To: DuncanWaring

Of course, I do. You’re missing the point. The easiest way lessen the scope of the shortage is to keep that Russian oil flowing into the global supply. You do realize C is China. China and India will hopefully give the world’s oil supply an end run around the devastatingly stupid western sanctions. Oil is at $122 today. It was a ridiculously high of $88 on 2/1. Putin has been selling oil at a 20% discount to BRICS member states. Putin gets 80% of $122 or $97 AFTER the sanctions. China can buy all the oil that Russia can export at market minus 20%. Who really takes the hit, bears the brunt of the burden for the “let’s get the damn Russians” sanctions? You and I, hemorrhaging at the gas pump, are the real losers here.


14 posted on 03/24/2022 5:29:34 AM PDT by hardspunned (former GOP globalist stooge)
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To: hardspunned

Well stated indeed!


15 posted on 03/24/2022 5:36:02 AM PDT by Bogie
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To: Bogie

I am so very impressed that you have cracked the code to tracking the vessels carrying oil from Russia. Thank you for your diligence.


16 posted on 03/24/2022 5:38:30 AM PDT by NautiNurse (Who will portray Alec Baldwin in the SNL skit? )
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To: hardspunned

Biden could have this over in America in 15 mins


17 posted on 03/24/2022 5:44:36 AM PDT by bray (The Vax is fake and deadly)
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To: IncPen

Isn’t it great to have the Mooselip Brotherhood back in the White House.


18 posted on 03/24/2022 5:45:32 AM PDT by bray (The Vax is fake and deadly)
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To: hardspunned


19 posted on 03/24/2022 6:21:52 AM PDT by moovova
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To: JPG

...hide your heart, girl.


20 posted on 03/24/2022 6:24:41 AM PDT by moovova
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