cajunrevenge
Well-known member
The US and Russian people? Sure. The Russian and Chinese government? No. Russia and China are natural allies based on their government and location.
Global Events & Politics Überthread
- Thread starter Hawk
- Start date
The US and Russian people? Sure. The Russian and Chinese government? No. Russia and China are natural allies based on their government and location.
cajunrevenge
Well-known member
Pretending Putin runs the same type of government as the ccp is naive at best.
zitothebrave
Connoisseur of Minors
Yeah, China is much more efficient than Russia in their corruption and consolidation of power.
zitothebrave
Connoisseur of Minors
https://www.reuters.com/world/europ...nds-borders-2023-02-24/?utm_source=reddit.com
Remember it's the US that's the aggressor, not Russia.
Remember it's the US that's the aggressor, not Russia.
We started this war so of course the people we push will push back.
Learn a little more history of the 21st century. This is all our doing.
cajunrevenge
Well-known member
nsacpi
Expects Yuge Games
A year of war in Ukraine is revitalizing U.S. oil exports as a source of financial influence and geopolitical power.
As the West has shunned most Russian energy, unleashing a pressure campaign against the Kremlin’s petroleum revenues, record U.S. crude exports have helped fill the gap in Europe with the oil needed to produce gasoline, diesel and jet fuel.
Since February 2022, when Russia invaded Ukraine, average monthly seaborne cargoes to the continent jumped 38% compared with the previous 12-month period, according to ship-tracking firm Kpler. A fleet of skyscraper-size tankers carried more crude to Germany, France and Italy—the European Union’s largest economies—as well as Spain, which alone boosted purchases by about 88% over the period.
The pull of oil shipments from the Gulf Coast to Europe, which Kpler pegged at 1.53 million barrels a day in January, has in recent months made the continent a larger destination for U.S. crude than Asia.
The growth in exports marks the latest milestone in the revival of U.S. oil production after years of dwindling market clout. Petroleum exports supported Allied countries during both world wars, but output then slid, along with the country’s sway over global markets.
Now, the shale boom in hydraulic fracturing and horizontal drilling has made the U.S. a major producer again, tapping gushers of fossil fuels ready for delivery to destinations opened by the Ukraine conflict.
U.S. natural gas shipments to Europe more than doubled last year, according to the White House, cushioning the continent’s households and manufacturers after Russia throttled supplies. Analysts say surging U.S. crude production helped to calm markets as the West restricted most Russian exports with bans and novel price caps in recent months.
“America is back in the most predominant position it has been in world energy since the 1950s,” said Daniel Yergin, an energy historian and vice chairman of S&P Global. “U.S. energy now is becoming one of the foundations of European energy security.”
https://www.wsj.com/articles/u-s-re...r-enters-second-year-2b910ff?mod=hp_lead_pos8
grazie Vlad
As the West has shunned most Russian energy, unleashing a pressure campaign against the Kremlin’s petroleum revenues, record U.S. crude exports have helped fill the gap in Europe with the oil needed to produce gasoline, diesel and jet fuel.
Since February 2022, when Russia invaded Ukraine, average monthly seaborne cargoes to the continent jumped 38% compared with the previous 12-month period, according to ship-tracking firm Kpler. A fleet of skyscraper-size tankers carried more crude to Germany, France and Italy—the European Union’s largest economies—as well as Spain, which alone boosted purchases by about 88% over the period.
The pull of oil shipments from the Gulf Coast to Europe, which Kpler pegged at 1.53 million barrels a day in January, has in recent months made the continent a larger destination for U.S. crude than Asia.
The growth in exports marks the latest milestone in the revival of U.S. oil production after years of dwindling market clout. Petroleum exports supported Allied countries during both world wars, but output then slid, along with the country’s sway over global markets.
Now, the shale boom in hydraulic fracturing and horizontal drilling has made the U.S. a major producer again, tapping gushers of fossil fuels ready for delivery to destinations opened by the Ukraine conflict.
U.S. natural gas shipments to Europe more than doubled last year, according to the White House, cushioning the continent’s households and manufacturers after Russia throttled supplies. Analysts say surging U.S. crude production helped to calm markets as the West restricted most Russian exports with bans and novel price caps in recent months.
“America is back in the most predominant position it has been in world energy since the 1950s,” said Daniel Yergin, an energy historian and vice chairman of S&P Global. “U.S. energy now is becoming one of the foundations of European energy security.”
https://www.wsj.com/articles/u-s-re...r-enters-second-year-2b910ff?mod=hp_lead_pos8
grazie Vlad
nsacpi
Expects Yuge Games
With oil, a widening price gap between European and U.S. crude has turned trans-Atlantic shipments into a lucrative proposition for oil traders and, increasingly, speculators.
Production at North Sea oil fields between the U.K. and Norway has long tapered, buoying the Brent benchmark seen by investors as a global price gauge. At the same time, U.S. drillers produced a near-record 11.9 million barrels a day in 2022, according to the Energy Information Administration, which projects record highs this year and next.
That is depressing the price for West Texas Intermediate crude, the U.S. standard, expanding the difference between Brent and WTI, said Gus Vasquez, head of crude pricing, Americas, at price-reporting firm Argus Media.
In recent weeks, winter storms also slammed U.S. refineries, leaving many unable to process as much crude as usual. The disruption led to a relentless build in domestic stockpiles that are now 9% larger than the five-year average observed by federal record-keepers.
“If we don’t export these barrels, we have nothing to do with them,” Mr. Vasquez said.
Before the war in Ukraine, oil traders generally saw a $3 or $4 WTI discount to Brent as sufficient to cover transportation to Europe and other costs. That spread skyrocketed after the Russian invasion, at times topping $10 a barrel, as the economic conflict between Moscow and the West scrambled shipping routes and pushed up demand for tankers.
On Friday, contracts for Brent crude to be delivered in April ran $6.84 a barrel higher than WTI, according to Dow Jones Market Data.
That differential is signaling more traders to direct oil from shale regions such as Texas’ Permian Basin through a network of pipelines to the Gulf Coast.
Many of those barrels land at Corpus Christi, Texas, where they can be loaded onto ships and sent abroad. Crude exports from the port averaged nearly 1.9 million barrels a day last year, equivalent to more than half of the U.S. total.
The facility allows 1,100-foot tankers known as very large crude carriers, or VLCCs, to take on most of their cargo from docks, rather than from smaller ships that ferry oil to the massive vessels on the open water.
Production at North Sea oil fields between the U.K. and Norway has long tapered, buoying the Brent benchmark seen by investors as a global price gauge. At the same time, U.S. drillers produced a near-record 11.9 million barrels a day in 2022, according to the Energy Information Administration, which projects record highs this year and next.
That is depressing the price for West Texas Intermediate crude, the U.S. standard, expanding the difference between Brent and WTI, said Gus Vasquez, head of crude pricing, Americas, at price-reporting firm Argus Media.
In recent weeks, winter storms also slammed U.S. refineries, leaving many unable to process as much crude as usual. The disruption led to a relentless build in domestic stockpiles that are now 9% larger than the five-year average observed by federal record-keepers.
“If we don’t export these barrels, we have nothing to do with them,” Mr. Vasquez said.
Before the war in Ukraine, oil traders generally saw a $3 or $4 WTI discount to Brent as sufficient to cover transportation to Europe and other costs. That spread skyrocketed after the Russian invasion, at times topping $10 a barrel, as the economic conflict between Moscow and the West scrambled shipping routes and pushed up demand for tankers.
On Friday, contracts for Brent crude to be delivered in April ran $6.84 a barrel higher than WTI, according to Dow Jones Market Data.
That differential is signaling more traders to direct oil from shale regions such as Texas’ Permian Basin through a network of pipelines to the Gulf Coast.
Many of those barrels land at Corpus Christi, Texas, where they can be loaded onto ships and sent abroad. Crude exports from the port averaged nearly 1.9 million barrels a day last year, equivalent to more than half of the U.S. total.
The facility allows 1,100-foot tankers known as very large crude carriers, or VLCCs, to take on most of their cargo from docks, rather than from smaller ships that ferry oil to the massive vessels on the open water.
sturg33
I
Man oh man. This guy is a genius.
And you know without a doubt that the lecturing buffoon is fully alligned with idiot bill O'Reilly here.
He of course is free to say I am wrong
https://youtu.be/hYtgcZ9_61M
And you know without a doubt that the lecturing buffoon is fully alligned with idiot bill O'Reilly here.
He of course is free to say I am wrong
https://youtu.be/hYtgcZ9_61M