Chinese investment overseas actually scored a 13-year low in 2020 thanks to COVID and the rising tensions of economic uncertainty as the West tries to pressure China to join the Great Reset. Even the pandemic-related travel restrictions curtailed put a huge barrier to foreign investment for China. Most critical has been the fact that Chinese…
WASHINGTON—Russian oil imports have set a new record in the United States despite the strained relationship between Washington and Moscow. Industry experts believe the Biden administration’s climate policies will make the country more dependent on foreign oil producers.
The United States imported record levels of crude oil from Russia in March and is expected to continue importing at high levels in coming months, according to the Western Energy Alliance, a trade association that represents 200 independent natural gas and oil producers in the United States.
Imports of crude oil and petroleum products from Russia reached 22.9 million barrels in March, the highest level since August of 2010, according to International Energy Agency (IEA). Of the total amount, crude oil imports from Russia stood at 6.1 million barrels. Russia has become the third-largest oil exporter to the United States.
High levels of oil shipment from Russia have continued since March, according to ClipperData, a commodity intelligence company that monitors cargo shipments worldwide.
“Last month we saw a record 5.75 million barrels of Russian crude discharged in the US, and we’re projecting a further record this month of 7.5mn bbls,” ClipperData analysts wrote on Twitter on June 7.
Critics argue that Biden’s climate agenda is hard on the U.S. oil industry but soft on foreign producers.
“It’s disturbing to our industry that the Biden administration goes out of its way to disadvantage the American producer while buttressing the Iranian and Russian industries,” Kathleen Sgamma, president of the Western Energy Alliance, told The Epoch Times.
The recent spike in Russian oil imports has followed the “misguided climate policies” of the administration, including ending the Keystone XL pipeline and pausing new oil and natural gas permitting on public lands and waters, according to Sgamma.
President Joe Biden has “tipped us into oil dependence on Russia just a year after complete independence,” Sgamma said, calling it “a geopolitical gift” to the Kremlin.
U.S. West Texas Intermediate crude surpassed the $70 mark last week, reaching the highest level in over two years. Top commodity traders now believe oil prices could see $100 per barrel due to supply constraints. Oil hasn’t traded above $100 per barrel since 2014.
“There’s been kind of a dearth of investment in fossil fuels, which is going to leave us undersupplied as we go forward,” Phil Flynn, senior energy analyst at the Price Future Group, told The Epoch Times in a recent interview.
He noted that the Biden administration’s climate policies, which will reduce the supply of oil and gas, have been a major factor in driving the prices.
“U.S. oil production has fallen by 1.715 million barrels [per day] from a year ago, so a large part of that void is being filled by Russia,” Flynn wrote in a recent op-ed on Fox Business.
“During Trump’s term, America was competing with Russia and Saudi Arabia to be the world’s dominant oil and gas producer, yet under Biden, we are retreating from that race in the name of climate change,” he wrote.
An increase in oil and gas prices will help boost Russia’s energy and political dominance, he argued, criticizing Biden’s recent move that will allow Russia to supply natural gas to Germany.
The Biden administration last month waived Trump-era sanctions against the company building the Nord Stream 2 natural gas pipeline that links Russia and Germany.
The pipeline is expected to increase the dependence of the region on Russia for natural gas. Construction on the 764-mile pipeline that began in 2018 was a source of friction between Washington and its European allies.
By Megan Redshaw On the “Dark Horse Podcast,” Dr. Robert Malone, creator of mRNA vaccine technology, said the COVID vaccine lipid nanoparticles — which tell the body to produce the spike protein — leave the injection site and accumulate in organs and tissues. On June 10, Dr. Robert Malone, creator of mRNA vaccine technology, joined […]
This a De Jure Grand Jury Findings of Factsthat the grievances brought before this Grand Jury on this day May 1, 2021, in a Presentment of Declaration by People assembled in Kentucky commonwealth, and find these grievances true and correct. Therefore, the Grand Jury finds that the People in Kentucky commonwealth shall assemble to re-assemble…
It turns out that not only do they engage in FAKE NEWS, but they employ the internet in every possible way to falsely deprive the people of the truth. Wikipedia is such a joke that students are not allowed to use it as a source in school. They protect whoever writes their entries with anonymity.…
The Douglas Ducote Show4.26K subscribersSUBSCRIBEDDon’t forget to subscribe to my channel and ring the bell for notifications! SSG. Douglas M. Ducote Sr. United States Army (Ret.) Founder of Veterans United For Justice Veteran Law Enforcement Officer Host of The Douglas Ducote Show Like My Work? Please consider making a small donation. Option: https://DouglasDucote.com/Donate
Zero Hedge Authored by Steve Watson via Summit News, Senator Rand Paul urged Wednesday that those involved in funding the Wuhan Institute of Virology’s coronavirus ‘gain of function’ research cannot be allowed to be a part of investigations again. Appearing on Fox News, Paul said “Here’s the problem. The WHO investigated this the first time, […]
Very interesting press conferences; US starts off on the wrong foot; by not having a joint press conference with Vladimir Putin, our president appears weak. This allowed Putin to put on a pure propaganda session. Biden is showing how he is unable to handle himself in the form of an open press conference with an […]
https://www.armstrongeconomics.com/wp-content/uploads/2021/06/Schwab-Unrest.mp4 Biden overruled his staff to lift sanctions on the Nordstream 2 pipeline against all the Build Back Better agenda of Klaus Schwab. Some people are wondering if the Russians have something on Joe? They cannot imagine the guy who ran on the environment would flip and go against his own staff. The word…
Despite all the accusations thrown at Putin, my assessment of world leaders is clear that he is the most intelligent of the entire lot. In this piece, he brings up the ruthless arrest of 450 people who “stormed the capitol” on January 6th and how the Democrats are imprisoning them for 15 to 20…
By C. Douglas Golden Did the FBI have agents on the inside during the Jan. 6 Capitol incursion? Tucker Carlson believes there’s evidence that they did — and they may have played a much bigger role than some of those who have been indicted. On his Tuesday show on Fox News, Carlson argued that the […]
Here we go again: “BACK IN THE SIXTIES”. Lots of bad stuff came out of “The SIXTIES”. I was there and remember how many of us pushed back against all kinds of “Fads”.
Dr Eddy Betterman A new paper published in the journal JAMA Internal Medicine exposes the sugar industry for tampering with more than 50 years’ worth of “science” to push an egregiously deceptive anti-fat agenda. Since at least the 1960s, the sugar peddlers have been spreading the myth that consuming fat makes you fat, and that sugar is somehow […]
Canadian immunologist and vaccine researcher Byram Bridle, Ph.D., has gained access to Pfizer’s biodistribution study from the Japanese regulatory agency. The research, previously unseen, demonstrates a huge problem with all COVID-19 vaccines
The assumption that vaccine developers have been working with is that the mRNA in the vaccines would primarily remain in and around the vaccination site. Pfizer’s data, however, show the mRNA and subsequent spike protein are widely distributed in the body within hours
This is a serious problem, as the spike protein is a toxin shown to cause cardiovascular and neurological damage. It also has reproductive toxicity, and Pfizer’s biodistribution data show it accumulates in women’s ovaries
Once in your blood circulation, the spike protein binds to platelet receptors and the cells that line your blood vessels. When that happens, it can cause platelets to clump together, resulting in blood clots, and/or cause abnormal bleeding
Pfizer documents submitted to the European Medicines Agency also show the company failed to follow industry-standard quality management practices during preclinical toxicology studies and that key studies did not meet good laboratory practice standards
The interesting thing about small dogs is they do not realize they are small. We need to think the same way. For years I have watched the pros focus on statistics and get caught by surprise. The stats reflect what the average person already did last month, quarter, or year. Plenty of times I…
QUESTION: Regarding the G7, which committed us to more stimulus, I can totally see where this is going. You are the historian. Do you not think this is where we end up – capitatio-lugatio. Same exact pattern. Anonymous ANSWER: For those who are not familiar with capitatio-lugatio, this was the tax collection system developed by Diocletian…
Today We Bring You The Latest Epic Q Super Proof! How Do You Hide a Message in Clear Sight? See how a Mike Pompeo Tweet is both a perfect 3-year Q Delta, plus a Military Percision Time Stamp match! How many Coincidences before it becomes mathematically impossible? The Q Team is touting 4 Big BQQMS are Coming Soon! And an Internet Blackout is eminent! See Trump’s Latest Wisconsin Rally Speech! And the Arizona Audit is moving to 10 states, including GA, WI, MI, NH, PA, UT, OK, WA, VA, MO and CO! Think, Dark to Light! Every Lie Will Be Revealed!