May 2, 2022
https://freerepublic.com/focus/f-news/4059674/posts
Posted on 05/01/2022 1:48:27 PM PDT by Hojczyk
Germany will support the European embargo of Russian oil, marking another significant turnaround in the nation’s position as the invasion of Ukraine continues.
Ambassadors will reportedly table the proposal at an ambassadors summit in Brussels on Wednesday, with expectations to approve the embargo by the end of next week. Germany has resisted such an embargo, but government sources told German news agency dpa on Sunday that Chancellor Olaf Scholz will back the embargo.
Scholz previously urged caution against any outright ban over concerns of the consequences, which he believed would prove devastating to Germany’s economy and the continent as a whole.
But Germany has reportedly managed to significantly reduce its reliance on Russian oil over the past eight weeks: Germany took 35% of its energy from Russia, but has dropped that to just 12%, according to Energy Minster Robert Habeck.
The reversal from Germany, which had been one of the main opponents of the EU severing oil and gas trade with Russia, comes after Berlin struck a deal with Poland to import oil by way of one of its Baltic Sea ports, according to that report.
That would leave Italy, Austria, Hungary, Slovakia, Spain and Greece as the remaining holdouts who have yet to publicly support an embargo, according to DW.
Germany has remained under immense pressure to change its various stances on Ukraine and Russia, including a hesitancy to send heavy weapons to Ukraine.
But Munich agreed to send "Gepard" anti-aircraft tanks to Ukraine, with support from the German voters: around 55% of Germans now say they should supply Ukraine with such weapons.
(Excerpt) Read more at foxnews.com ...
Buying into a market that won't raise production [the Saudis, UAE and other members of OPEC] increases the price of oil.
A lot.
https://oilprice.com/Latest-Energy-News/World-News/Yellen-Warns-EU-About-Banning-Russian-Oil.html
A full EU ban on Russian crude oil and gas imports could have unintended economic consequences for the United States and its Western allies, U.S. Treasury Secretary Janet Yellen told reporters in Washington on Thursday [April 21st].
The Treasury Secretary added that such a ban could do more harm than good.
Europe does need to reduce its dependence on Russian oil and gas, Yellen said, “but we need to be careful when we think about a complete European ban on, say, oil imports.”
...Yellen’s warning follows JP Morgan’s from earlier this week that suggested a full and immediate ban in the EU on Russian energy supplies would cut off more than 4 million bpd of Russian oil and send crude oil prices to $185 per barrel.
...Yellen agreed that a European energy ban would raise oil prices, “and, counterintuitively, it could actually have very little negative impact on Russia” because while Russia could end up exporting less oil, the price it would get for each barrel could also go up. The U.S. Administration has been railing against high gasoline prices—a result of high crude oil prices—since last Fall.
Do you see how this benefits Russia [and Putin]?
Five days ago, from The Slimes, no friend of Pootie:
Why U.S. Oil Companies Aren’t Riding to Europe’s Rescue
April 26, 2022
https://archive.ph/uORtk
...U.S. oil companies are not alone. Saudi Arabia, the United Arab Emirates and other members of the Organization of the Petroleum Exporting Countries have also refused to pump a lot more oil since Russia’s war in Ukraine began in late February.
Shhhhhhhhh! You're saying the quiet part out loud.
The Poles are getting oil from tankers that are TOTALLY not Russian.
And they have their transponders turned off so you can't prove that they're Russian.
They didn't do it.
You didn't see them do it.
Can't prove they did it.
The dollar is worth less rubles now than it was before the war. Sanctions didn’t work there.
Fertilizer shortages lead to record food inflation in the US. Sanctions worked there, just in a bad way.
Backfire Biden strikes again.
How does this help Russia?
They can sell it elsewhere at higher price.
You must be deluded, to say the least.
It is. Where does Russia get there money? Putin is going full Biden?
Previous Naxi allies like Russia?
I am not sure how that is relevant?
You may not know it, but Russia and Germany are both in the Northern hemisphere, not the Southern. So summer is coming, not winter.
Has winter been postponed this year? 
You might want to stick to posting articles... 
It’s still spring in the Northern hemisphere. Summer comes first. Are you in Australia or Argentina?
Winter releases its teeth very late here - and we're ALWAYS thinking about winter, which is always coming.
The local joke is "10 months of winter, and six weeks of bad sledding".
The last night when it went below freezing was May 12th...
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