Why is Biden still buying oil from Russia?

[lowell]

One would think the Russians wanted Biden to become president. Trump imposed sanctions on the Russian pipeline and warned that Europe would become dependent on Russian energy. The mayor of Moscow?s wife cut a 3.2 million dollar check to Hunter and Kerry?s stepson?s business. First day of being president Biden stops the building of the Keystone pipeline which would have resulted in thousands of new jobs and moving the US towards energy independence. In April last year he starts buying oil from Iran for the first time in 40 years. He then stopped the sanctions on the Russian pipeline paving the way for Russia to make a billion dollars a day thus financing Putin?s war. November 2021 [last month of sales that were reported] US bought 17.8 million barrels from Russia. Now he refuses to impose sanctions on Putin?s oil . It seems as though Biden may be pulling for Moscow

 

[BigGaycapper]

One would think the Russians wanted Biden to become president. Trump imposed sanctions on the Russian pipeline and warned that Europe would become dependent on Russian energy. The mayor of Moscow?s wife cut a 3.2 million dollar check to Hunter and Kerry?s stepson?s business. First day of being president Biden stops the building of the Keystone pipeline which would have resulted in thousands of new jobs and moving the US towards energy independence. In April last year he starts buying oil from Iran for the first time in 40 years. He then stopped the sanctions on the Russian pipeline paving the way for Russia to make a billion dollars a day thus financing Putin?s war. November 2021 [last month of sales that were reported] US bought 17.8 million barrels from Russia. Now he refuses to impose sanctions on Putin?s oil . It seems as though Biden may be pulling for Moscow

:nono: Stop it, you're making too much sense

 

[WhatsHisNuts]

One would think the Russians wanted Biden to become president. Trump imposed sanctions on the Russian pipeline and warned that Europe would become dependent on Russian energy. The mayor of Moscow?s wife cut a 3.2 million dollar check to Hunter and Kerry?s stepson?s business. First day of being president Biden stops the building of the Keystone pipeline which would have resulted in thousands of new jobs and moving the US towards energy independence. In April last year he starts buying oil from Iran for the first time in 40 years. He then stopped the sanctions on the Russian pipeline paving the way for Russia to make a billion dollars a day thus financing Putin?s war. November 2021 [last month of sales that were reported] US bought 17.8 million barrels from Russia. Now he refuses to impose sanctions on Putin?s oil . It seems as though Biden may be pulling for Moscow

After Trump and several Republicans looked like complete dicks for praising Putin, now we're supposed to believe it's Biden that is pulling for Moscow?

What a phony. Keep talking about Hunter and maybe someday your accusations will come true.:mj07:

 

[lowell]

Did your fact checking subscription run out? No refuting the facts about Keystone, buying oil from Iran & Russian ,
removing Trump?s sanctions or the number of barrels bought in November ?You are becoming more like your 3 letter minion and resorting to silly comments.

 

[WhatsHisNuts]

Did your fact checking subscription run out? No refuting the facts about Keystone, buying oil from Iran & Russian ,
removing Trump?s sanctions or the number of barrels bought in November ?You are becoming more like your 3 letter minion and resorting to silly comments.

You still don't know how fact check sites work?

You didn't present any facts or a link to the source. It's just what you saw on Fox News. I do enjoy you nitwits trying to tell us how shutting down a pipeline that wasn't even complete is the problem.

 

[lowell]

Fact 1. Did Trump sanction Russian pipeline as it was being built?
2. Did Biden remove such sanctions?
3. Did US buy 17.8 barrels of Russian oil in Nov?
4. In April ?21 did Biden buy oil from Iran?
5. Did shutting down keystone cause thousands not be hired?
6. Did Trump tell EU that Germany would be dependent on Russia by allowing building of pipeline?
7. Has Biden sanctioned Russian energy exports? Why not?
8. Has not the pipeline enriched Russia so they can withstand Biden?s petty sanctions and wage war?
9. Would it be beneficial if US were energy dependent?
Simple enough for you? Please answer within 48 hours.

 

[Cricket]

You still don't know how fact check sites work?

You didn't present any facts or a link to the source. It's just what you saw on Fox News. I do enjoy you nitwits trying to tell us how shutting down a pipeline that wasn't even complete is the problem.

Ask a question,then dismiss as it's a Fox item, rinse and repeat.

 

[WhatsHisNuts]

Ask a question,then dismiss as it's a Fox item, rinse and repeat.

Do you know why that is? Because, when Fox goes to court to defend their misinformation, they become a "news entertainment" provider.

 

[WhatsHisNuts]

Fact 1. Did Trump sanction Russian pipeline as it was being built?
2. Did Biden remove such sanctions?
3. Did US buy 17.8 barrels of Russian oil in Nov?
4. In April ?21 did Biden buy oil from Iran?
5. Did shutting down keystone cause thousands not be hired?
6. Did Trump tell EU that Germany would be dependent on Russia by allowing building of pipeline?
7. Has Biden sanctioned Russian energy exports? Why not?
8. Has not the pipeline enriched Russia so they can withstand Biden?s petty sanctions and wage war?
9. Would it be beneficial if US were energy dependent?
Simple enough for you? Please answer within 48 hours.

Facts don't end with question marks.

I hope this helps.

Feel free to provide a source for each claim and then tell us why we should give a flying fuck. :0008

 

[BigGaycapper]

Facts don't end with question marks.

I hope this helps.

Feel free to provide a source for each claim and then tell us why we should give a flying fuck. :0008

:facepalm:

 

[Cricket]

Do you know why that is? Because, when Fox goes to court to defend their misinformation, they become a "news entertainment" provider.

Sealioner

 

[WhatsHisNuts]

https://www.yahoo.com/finance/news/u-ban-russian-oil-mean-195502657.html

[FONT=&quot]The possibility that the United States might ban Russian oil imports has triggered a surge in Brent crude to almost $140 a barrel, its highest level since 2008.[/FONT]
[FONT=&quot]Russia is the world's top exporter of crude and oil products combined, at around 7 million barrels per day (bpd ) or 7% of global supply. Such a ban would be unprecedented, turbocharging already sky-high prices and risking inflationary shock.[/FONT]
[FONT=&quot]Here are some of the likely consequences of a ban:[/FONT]

[FONT=&quot]
[/FONT]​

[FONT=&quot]RECORD PRICES[/FONT]
[FONT=&quot]Western governments have not directly sanctioned Russia's energy sector but some customers are already shunning its oil to avoid becoming entangled in legal troubles later.[/FONT]
[FONT=&quot]JP Morgan predicts oil could hit a record $185 a barrel by the end of 2022 if disruption to Russian exports lasts that long, although along with most analysts polled by Reuters the bank expects a yearly average price below $100.[/FONT]
[FONT=&quot]The last time oil prices were above $100 was in 2014 and levels reached on Monday were not far shy of a peak of more than $147 hit in July 2008. That is a steep climb from two years ago, when a coronavirus-driven demand slump saw a barrel of West Texas crude at below $0 as sellers had to pay to get rid of it.[/FONT]
[FONT=&quot]"A prolonged war which causes widespread disruption to commodity supplies could see Brent moving above the $150 a barrel mark," Giovanni Staunovo, commodity analyst at UBS, said.[/FONT]
[FONT=&quot]INFLATIONARY SHOCK[/FONT]
[FONT=&quot]With natural gas prices hitting all-time highs, soaring energy costs are expected to push inflation above 7% on both sides of the Atlantic in the coming months and eat deep into households? purchasing power.[/FONT]
[FONT=&quot]As a rule of thumb, every 10% rise in the oil price in euro terms increases euro zone inflation by 0.1 to 0.2 percentage point. Since Jan 1, Brent crude is up around 80% in euros. In the U.S., every $10 per barrel rise in oil prices increases inflation by 0.2 percentage point.[/FONT]
[FONT=&quot]In addition to being a major supplier of oil and gas, Russia is also the world's largest grains and fertilisers exporter and a top producer of palladium, nickel, coal and steel. The bid to exclude its economy from the trading system will hit a wide range of industries and add to global food security fears.[/FONT]
[FONT=&quot]HIT TO GROWTH[/FONT]
[FONT=&quot]A ban on Russian oil would further slow the nascent global recovery from the coronavirus pandemic.[/FONT]
[FONT=&quot]Preliminary calculations by the European Central Bank (ECB) suggest that war could cut euro zone growth by 0.3 to 0.4 percentage points this year in a baseline scenario and 1 percentage point in case of a severe shock.[/FONT]
[FONT=&quot]In the coming months, there is a high risk of stagflation, or little to minimal growth coupled with high inflation. However, further, euro zone growth is likely to remain robust, even if commodity prices prove a drag.[/FONT]
[FONT=&quot]In the U.S., the Fed estimates that every $10 per barrel rise in oil prices cuts growth by 0.1 percentage point, though private forecasters see a more muted impact.[/FONT]
[FONT=&quot]In Russia, the damage is likely to be large and immediate. JPMorgan estimates that its economy will contract by 12.5% from peak to trough.[/FONT]
[FONT=&quot]CENTRAL BANK IMPACT[/FONT]
[FONT=&quot]For the U.S. Federal Reserve, the inflationary impact has already proved too great and its Chair Jerome Powell has said that interest rates need to rise this month, piling pressure on borrowers.[/FONT]
[FONT=&quot]For the ECB, the urgency of policy action is less acute as the labour market still enjoys spare capacity and there is little home-grown inflation.[/FONT]
[FONT=&quot]"No one can seriously expect the ECB to start normalising monetary policy at such a moment of high uncertainty," ING economist Carsten Brzeski said.[/FONT]
[FONT=&quot]SUBSTITUTES?[/FONT]
[FONT=&quot]With fossil fuel demand rebounding from the pandemic but supply around the world still tight, policymakers will be under pressure to ramp up supply despite pledges to back green energy.[/FONT]
[FONT=&quot]"There will be a dial back on green initiatives in the short term in an attempt to reverse the contraction we've seen in fossil fuel supplies," Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown, said.[/FONT]
[FONT=&quot]Talks to unleash Iran from international sanctions are in advanced stages and high oil prices are set to galvanize investment in U.S. shale, but supply may not be set to come online soon enough to replace Russian output.[/FONT]
[FONT=&quot]"The potential supply impacts are so large that there isn?t a quick way to substitute in the medium term, meaning the only mitigant will be price inflation of these inputs and the products that depend on them," said Alex Collins, senior corporate analyst at BlueBay Asset Management.[/FONT]
[FONT=&quot]THE LONG VIEW[/FONT]
[FONT=&quot]The Russian-Western impasse could invigorate Moscow's relationship with Beijing but the energy infrastructure between the two countries is scant.[/FONT]
[FONT=&quot]"Although Russia's Pivot to the East has accelerated gas cooperation with China via gas infrastructure ... all these developments are still in their infancy compared to the mature markets in Europe," said Kaho Yu, principal Asia analyst at risk consultancy Verisk Maplecroft.[/FONT]
[FONT=&quot]Renewables could get a boost in the medium- to long-run as countries seek to wean themselves off Russian energy.[/FONT]
[FONT=&quot]"We should take the subsidies we now devote to natural gas, coal, and petroleum and put them into renewable energy generation, electric mobility and EV charging infrastructure, heat pumps, building efficiency upgrades," said Wolfgang Ketter, professor at the Rotterdam School of Management at Erasmus University in the Netherlands.[/FONT]
[FONT=&quot]"Anything that will lead to long term energy security by reducing fossil fuel dependency."[/FONT]

 

[vaquerizo]

Facts don't end with question marks.

I hope this helps.

Feel free to provide a source for each claim and then tell us why we should give a flying fuck. :0008

Here's a fact
https://finance.yahoo.com/chart/VRT...icGVyaW9kIjoxLCJpbnRlcnZhbCI6ImRheSJ9fX1dfQ--:0008

Down over 50% in a month, someone better give a flying fuck! opcorn2

 

[WhatsHisNuts]

Here's a fact
https://finance.yahoo.com/chart/VRT...icGVyaW9kIjoxLCJpbnRlcnZhbCI6ImRheSJ9fX1dfQ--:0008

Down over 50% in a month, someone better give a flying fuck! opcorn2

Great buying opportunity [emoji106]

Tip: Don't invest your retirement heavily in your employer and you won't have to worry about share price drops. Putting all or most of your eggs in one basket is not wise.

Sent from my iPhone using Tapatalk

 

[vaquerizo]

https://www.yahoo.com/finance/news/u-ban-russian-oil-mean-195502657.html

and when Biden is forced to ban Russia's oil, you can tell us what a great move it was. :142smilie

 

[WhatsHisNuts]

and when Biden is forced to ban Russia's oil, you can tell us what a great move it was. :142smilie

That's the part you guys can't ever seem to separate: An explanation and an opinion. Lowell has been asking why they haven't been doing it and I've been explaining it. I've never advocated for it one way or another because I don't know enough to form a real opinion. Just providing an explanation equates to me dishing out "liberal talking points". Reading comprehension, get better.

 

[vaquerizo]

That's the part you guys can't ever seem to separate: An explanation and an opinion. Lowell has been asking why they haven't been doing it and I've been explaining it. I've never advocated for it one way or another because I don't know enough to form a real opinion.Just providing an explanation equates to me dishing out "liberal talking points". Reading comprehension, get better.

I know CNN won?t be telling you Biden hasn?t stopped buying Russian oil because it would cause harm to the US economy and benefit Putin when oil price spike anymore.

I don't know enough to form a real opinion.

You should apply this to all your posts in this forum, it's 95% accurate. :0008

 

[WhatsHisNuts]

I know CNN won?t be telling you Biden hasn?t stopped buying Russian oil because it would cause harm to the US economy and benefit Putin when oil price spike anymore.
You should apply this to all your posts in this forum, it's 95% accurate. :0008

Wouldn't I have to watch CNN to get their talking points? Did you see the article I posted or did you just skip it?

 

[vaquerizo]

Wouldn't I have to watch CNN to get their talking points? Did you see the article I posted or did you just skip it?

Then, where did you hear it ? Post the source.

 

[WhatsHisNuts]

Then, where did you hear it ? Post the source.

I just posted a Reuters article that explains it. When I originally looked it up, it was probably AP News, Reuters, or Business Insider. I hope this helps, Footlong.