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US Battered by Higher Energy Costs Declining Production Asks China To Release Oil, Imports Oil from Russia

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US Battered by Higher Energy Costs Declining Production Asks China To Release Oil, Imports Oil from Russia
News Topic 344

U.S. Imports Of Russian Oil Expected To Soar After Hurricane Ida

U.S. Imports Of Russian Oil Expected To Soar After Hurricane Ida | OilPrice.com

The United States is set to import more Russian oil this month and next, sources familiar with the matter told Bloomberg, as American supply of medium sour crudes is tight with 77 percent of U.S. Gulf of Mexico oil production still offline ten days after Hurricane Ida made landfall in Louisiana.

Russia ranks second by petroleum exports to US in June 2021

Russia ranks second by petroleum exports to US in June 2021 – EIA

MOSCOW, August 31. /TASS/. Russia remains second by total petroleum exports to the United States in June 2021, with deliveries totaling 25.43 mln barrels, the US Energy Information Administration (EIA) reports on Monday. Canada tops the list of petroleum exporters to the US in June with 137.57 mln barrels and Mexico is third (23.65 mln barrels).

Russian fleet en route to US to help battle fuel crisis

Russian fleet en route to US to help battle fuel crisis

The US is reportedly getting ready to receive a bulk shipment of diesel from energy-rich Russia as Washington strives to cool down the fuel’s retail price, which has recently hit its highest level since 2014.


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The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of this site. This site does not give financial, investment or medical advice.

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Franz Beckenbauer
Franz Beckenbauer
November 20, 2021

The U.S. has a fundamental problem when it comes to its energy policy: when the U.S. buys oil on the world market, they pay it in dollars. Now, the problem is, these dollars lose their value at an increasing rate ( that’s called “inflation”) due to the insane monetary and fiscal policies of the Fed and the brandon administration. So when russia, for example, sells oil to the U.S., they get freshly printed dollars right out of the fed’s money printing machine and can watch them lose their value due to said money printing. Not really a good deal. They… Read more »

Brokenspine66
Brokenspine66
Reply to  Franz Beckenbauer
November 20, 2021

It’s very telling that even the KSA is increasingly trading oil outside the weaponized USD system.

Last edited 2 months ago by Brokenspine66
Franz Beckenbauer
Franz Beckenbauer
Reply to  Brokenspine66
November 21, 2021

They recently made a deal for military cooperation with russia after they were f…ed big time in Yemen. Nigeria did the same thing. And now oil stops flowing from Syria because Erdo is realizing the U.S. has gone insane.

When brandon talks about a dark winter he means business. The U.S. is finished and hasn’t even noticed yet.

Brokenspine66
Brokenspine66
November 20, 2021
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The fact that the US is literally ‘forced’ to buy oil from their ‘Imagined’ enemy/rival Russia is kind of ironic and a making their own. I guess we all remember all the bragging from the Orange Baboon that the US is such a big oil producer and self reliant blah blah blah, all of course BS and total exaggerations besides the problems with the high costs. What the US mostly queezes out of the ground thru fracking is so-called ‘Light Crude’ and this stuff is only good to be refined into gasoline but for nothing more for more importtant Diesel… Read more »

Smoking Eagle
Smoking Eagle
November 22, 2021

Why? Why would countries that the US constantly reviles, threatens, and accuses of aggression and human rights violations, help it out? How two-faced to even ask! The US military consumes more oil than most countries. The US Union of Concerned Scientists reported in 2014: “the US military is the largest institutional consumer of oil in the world. Every year, US armed forces consume more than 100 million barrels of oil to power ships, vehicles, aircraft, and ground operations.” If I were Russia or China I would politely recommend that they crack open their military stockpiles.

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