Posted on 04/02/2023 6:52:20 PM PDT by familyop
The U.S. has overtaken Russia as the top crude oil supplier to Europe, data shows, capping a remarkable 12-month period in which Moscow’s plan to weaponize its position as an energy superpower collapsed from strong Western opposition to the war in Ukraine...One sign of Russia’s diminished status as an energy superpower is futures trading. Russia’s premier Urals crude oil hit a two-year low of $48.40 a barrel last week while the global benchmark Brent crude was trading for more than $75.
(Excerpt) Read more at washingtontimes.com ...
Russia is in the driver seat ATM. Not the U.S .
I think it had more to do with pipelines being destroyed
The government created a market by burning Russia and scr**** the American people at the same time. Amazing..
> The U.S. has overtaken Russia as the top crude oil supplier to Europe … <
I wonder if that has anything to do with my heating bill doubling from last year.
I suppose not. Because if so, CNN would have told me about it.
“Putin’s power play to bully Europe...”
LOL, trying to compete with the Daily Mail.
For starters, how many Natural Gas Pipelines to Europe did Putin BLOW UP?
I do not think that was a factor.
Everybody wants this to be in their favor, so it is difficult to know what is really happening.
Pro-Russian voices are claiming Russia is getting *more* income now than before the war. I cannot say for certain, either way.
” Russia’s premier Urals crude oil hit a two-year low of $48.40 a barrel last week while the global benchmark Brent crude was trading for more than $75.”
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Europe is heading into an economic depression next year because they are paying that higher price for crude as opposed to the much lower price countries like China and India are paying. They’ll no longer be able to compete industrially and their economies will collapse. Just watch what happens they will end all sanctions against Russian energy and tell the US to bugger off.
From our strategic reserve to their refineries.
Thanks, Joe!
I think our heating bills are higher due to Democrat regulations and inflation. I’ll give the Trump Administration part of the credit for the inflation, because they stoked our economy up (much needed).
At least gasoline prices went down. But they’re starting to go up again, because we’re looking at another humdinger of a busy warm season. Many are spending their credit as if there’s no tomorrow (heh). The real estate sector is getting the expected due to interest rates and the crazy investor focus on buying and rent seeking.
Russia’s premier Urals crude oil hit a two-year low of $48.40 a barrel last week while the global benchmark Brent crude was trading for more than $75.
So the end result of this is that Russia’s customers are paying 35% less for their oil than Americans and Europeans are. How exactly does that work in our favor? And what do these dollar-denominated prices even mean when Russia isn’t settling its oil trades in U.S. dollars anymore?
“Russia is in the driver seat ATM.”
Russia has a GDP less than that of California, Texas, or Florida.
Russia is driving nowhere.
Yes it does have everything to do with your heating bill.
Russia sold a record amount of petroleum products to India in the past year.
Haven’t heard about China but it’s probably the same story.
Russia just found other customers, that’s all.
“At least gasoline prices went down. But they’re starting to go up again, because we’re looking at another humdinger of a busy warm season.”
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Gas prices are headed higher TOMMORROW and it has nothing to do with the “warm season”. It has to do with Biden going back on his pledge to start refilling the strategic reserve if oil prices came down but then changed his mind. That ticked off OPEC and they are now cutting production in a big way.
Now Biden and Blinken can bully Europe.
Nice pipeline you got there! It would be a shame if something happened to it.
It works in the favor of China and India, and against Russia.
In other words, Russia has to discount oil to sell their oil.
Our own oil would be less costly if Biden had not worked hard to cut production in the US.
Gee.. Hurts Russia. Hurts Europe. Hurts the USA. Helps China...
How many hundreds of millions did the Biden family get from China? Sounds like the Chinese got an excellent deal!
The price of energy is directly correlated to GDP. Western countries won’t be able to compete if they are paying a third more for it than those who are buying cheaper Russian energy. Even a pinhead like you should be able to understand this.
Russia has more nuclear (nuke-you-ler?) missiles than California. And some of them are on submarines.
Putin is a crazy evil MF. And so is Zelensky. But which one of those two would use a nuclear bomb first?
Hmmmm …… That is a puzzling conundrum.
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