I think I mostly just like fact-checking this MSN garbage, but including Russia as a participant in anything but name only is an antagonistic tag line.
Since the EU/G7 bans on 5 December 2022, China has bought 53% of Russia's crude exports, followed by India (32%), the EU (7%), and Turkey (5%).
Check the forecast tab here: https://tradingeconomics.com/russia/...oil-production
They have not, are not, and will not be cutting any production due to the continued need to fuel the war machine.
We'll add inability to understand what the high price of oil and it's refined derivatives has done to grossly increase inflation and materials costs. The sand people have attempted to choke off 3m barrels of oil per day off the market in an attempt to cause oil prices to soar back over $100 a barrel.
Fortunately oil production has increased 2 million barrels per day since Biden took office and the President has shown significantly more leadership in coordinating shortage mitigation with other non-OPEC world powers by releasing stockpiles.
Average U.S. Crude Oil First Purchase Price (Dollars per Barrel)
48 months 2017 through 2020 under Trump: $50.35
38 months 2021 to Feb 2024 under Biden: $78.34
Biden rules!
Source: https://www.eia.gov/dnav/pet/hist/Le...f000000__3&f=m
Last edited by Furryrat; 06-02-2024 at 10:05 PM.
The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane. ~ Marcus Aurelius“It's a beautiful thing, the destruction of words.”
― George Orwell, 1984
“The urge to shout filthy words at the top of his voice was as strong as ever.”
― George Orwell, 1984
Imagine being an industry executive, being told by the guy who orchestrated one of the biggest oil price crashes in history at the beginning of his presidency that if they give him -only- a billion dollars, he'll give them tax breaks and policy re-writes. A offer of yet another campaign finance felon to help a guy who is being courted by autocrats in the Middle East and the far north by choking off supply to punish a Democrat president. Except wait, their ability to sell oil has never been easier or more profitable, and money went into desperately needed infrastructure updates and into the energy industry itself to make that possible.
I asked for neither your Opinion,
your Acceptance
nor your Permission.
"The darkest places in hell are reserved for those who maintain their neutrality in times of moral crisis." Dante Alighieri 3
"It took 2000 mules to install one Jackass." Diamond and Silk Watch the Movie