Tag: energy security

Biden Regime Still Hasn’t Refilled the SPR

Tina Marie (Ms. Cat)
Screenshot, 04-20-2023.

U.S. To Refill SPR This Year If Advantageous

Granholm said on Wednesday that the United States couldn’t repurchase crude oil for the SPR and sell crude oil out of the SPR at the same time. The DoE is actively selling crude oil from the SPR as part of a congressional mandate that will see another 26 million barrels leave the reserve between now and the end of June, with 2 million barrels released over the last two weeks.

After the recent releases from the Strategic Petroleum Reserves, inventories in the nation’s reserves have sunk to 369.6 million barrels—down from 638 million barrels at the beginning of 2021, and the lowest amount of crude oil held in the stockpiles since November 1983.

HUGE. In China-Brokered Deal, Iran and Saudi Arabia Restore Diplomatic Ties

Tina Marie (Ms. Cat)

HUGE. In China-Brokered Deal, Iran and Saudi Arabia Restore Diplomatic Ties

Regime change for Saudi, or maybe some US-backed terrorist attacks?!

Related:

China brokers Iran-Saudi detente, raising eyebrows in Washington

Though blunting China’s influence in the Middle East and other parts of the world remains a priority for the Biden administration, it is of “two minds” about the latest agreement, said Jon Alterman, a Middle East scholar at the Center for Strategic and International Studies.

“It wants the Saudis to take increasing responsibility for their own security,” he said, “but it does not want Saudi Arabia freelancing and undermining U.S. security strategies.”

India taps oil, natural gas, coking coal in Russian Arctic region

Tina Marie (Ms. Cat)

Russia is not only eyeing China as part of its outreach for the resource-rich Arctic region but is also engaging India on the Arctic route to increase bilateral trade and investments in oil, natural gas and coking coal sectors, ET has learnt.

India taps oil, natural gas, coking coal in Russian Arctic region

Related:

[2019] Narendra Modi launches ‘Act Far East’ policy: Here is all you need to know about proposed new trade ties with Russia

World Energy Outlook 2022 shows the global energy crisis can be a historic turning point towards a cleaner and more secure future

Tina Marie (Ms. Cat)

The global energy crisis triggered by Russia’s invasion of Ukraine is causing profound and long-lasting changes that have the potential to hasten the transition to a more sustainable and secure energy system, according to the latest edition of the IEA’s World Energy Outlook.

World Energy Outlook 2022 shows the global energy crisis can be a historic turning point towards a cleaner and more secure future

Biden Is Running U.S. Energy Security Into The Ground

Tina Marie (Ms. Cat)

The White House divulged late on Tuesday its plan to release 15 million barrels of crude oil from the strategic petroleum reserve to be delivered in December, as the last tranche of the emergency 180 million barrel release that the Biden Administration announced in March.

Biden Is Running U.S. Energy Security Into The Ground

Related:

Biden Manipulates Oil Price To Buy More Votes

Since its inauguration the Biden administration has sold more than 220 million barrels from the 650+ reserve. Refilling it at $70/bl, nearly $50 per barrel more than Trump was going to pay, will be quite costly.

Saudis say US sought 1 month delay of OPEC+ production cuts

Tina Marie (Ms. Cat)

DUBAI, United Arab Emirates (AP) — Saudi Arabia said Thursday that the U.S. had urged it to postpone a decision by OPEC and its allies — including Russia — to cut oil production by a month. Such a delay could have helped reduce the risk of a spike in gas prices ahead of the U.S. midterm elections next month.

Saudis say US sought 1 month delay of OPEC+ production cuts

Related:

Saudi Arabia Defied U.S. Warnings Ahead of OPEC+ Production Cut

The one-month delay requested by Washington would have meant a production cut made in the days before the election, too late to have much effect on consumers’ wallets ahead of the vote.

…

To entice the Saudis to delay their decision, U.S. officials told the kingdom they would buy oil on the market to replenish Washington’s strategic stockpiles if the price of Brent, the main international benchmark, fell to $75 a barrel, according to U.S. officials and people inside the Saudi government.

Quid pro quo, huh?! 🧐💭