Tag: energy prices

Eni and Repsol to Receive Oil-for-Debt Licenses, Venezuela Welcomes ‘Small Steps’

Tina Marie (Ms. Cat)

Caracas, June 6, 2022 (venezuelanalysis.com) – The US government has reportedly greenlighted two companies to ship Venezuelan oil to Europe as soon as next month.

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Washington is likewise looking to redirect Venezuelan oil shipments from China to Europe in order to cut off Caracas’ income from its Asian ally, which currently buys some 70 percent of Venezuela’s oil production, the unnamed US officials claimed.

Eni and Repsol to Receive Oil-for-Debt Licenses, Venezuela Welcomes ‘Small Steps’

Majority Of Americans Think Protecting Economy—Not Sanctioning Russia—Should Be Country’s Top Priority

Tina Marie (Ms. Cat)

More than half of Americans now believe the country’s top priority should be staving off damage to the economy rather than punishing Russia for invading Ukraine, according to an Associated Press-NORC Center for Public Affairs Research poll, as soaring costs and inflation amid the ongoing war prompt a reassessment of priorities.

Majority Of Americans Think Protecting Economy—Not Sanctioning Russia—Should Be Country’s Top Priority

Biden’s approval dips to lowest of presidency: AP-NORC poll

Tina Marie (Ms. Cat)

President Joe Biden’s approval rating dipped to the lowest point of his presidency in May, a new poll shows, with deepening pessimism emerging among members of his own Democratic Party.

Only 39% of U.S. adults approve of Biden’s performance as president, according to the poll from The Associated Press-NORC Center for Public Research, dipping from already negative ratings a month earlier.

Overall, only about 2 in 10 adults say the U.S. is heading in the right direction or the economy is good, both down from about 3 in 10 a month earlier. Those drops were concentrated among Democrats, with just 33% within the president’s party saying the country is headed in the right direction, down from 49% in April.

Biden’s approval dips to lowest of presidency: AP-NORC poll

Oil From Biden’s Emergency SPR Release Is Heading For Europe

Tina Marie (Ms. Cat)

Oil From Biden’s Emergency SPR Release Is Heading For Europe

Related:

U.S. Exports Oil From SPR Release: Report

Bloomberg: Oil From U.S. Strategic Reserve Heads for Europe Amid Global Supply Crunch

[11-2021] U.S. Is Already Exporting Oil From Strategic Reserve at Record Pace

If the Biden Administration decides to tap U.S. emergency crude reserves to push down domestic energy prices, it may not help all that much. The supplies may just be exported away like last month.

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The White House has been mulling a range of options to ease soaring pump prices and Democrats are pressing for a potential ban on oil exports as well as the release of crude from the nation’s strategic reserves.

It’s not “Putin’s Price Hike,” if prices were going up, last November!

America Is Headed for Class Warfare + More

Tina Marie (Ms. Cat)

Nothing has revealed the class divide in the U.S. quite like runaway inflation and skyrocketing gas prices. But in addition to the economic impact the staggering incompetence of the Biden administration is having on the working class, there is a political one; it’s undeniably driving working class voters even further from the Democrats and toward the GOP.

America Is Headed for Class Warfare

Related:

“Workers aren’t getting bailed out like the billionaires”: Detroit workers livid over surging gas prices

“It’s just really hard to live”: Chicago workers describe impact of surging food and gas prices