On the sidelines of COP27 this week, U.S. House Republicans are arguing that additional crude oil production from the United States will be necessary to meet global oil demand—and better for the climate than the alternatives, Bloomberg reported on Friday.
The high energy bills are creating headaches for European governments: strikes and protests are multiplying and disgruntlement with energy policies is growing. The cost of living in most of Europe is already exorbitant because of the energy crisis and this crisis is only going to get worse after the EU embargoes on Russian oil and then fuels come into effect.
Democratic Party infiltrators are at this moment the biggest threat to the communist movement in the USA. Conversely, the pro-NATO psyop is the largest propaganda operation happening at present. The great priority of our ruling class as of now is to maintain imperial hegemony, which they’re trying to do by using Ukraine as a cudgel to destabilize Eurasia. They’re sacrificing the U.S. economy’s stability, as well as the stability of Europe’s, in order to make their geopolitical ploy in Ukraine pay off.
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.
President Joe Biden will order more oil released from the Strategic Petroleum Reserve as gas prices are on the rise and OPEC announced it was making its biggest cuts in production in more than two years.
The letter, dated February 25, just one day after Vladimir Putin’s forces launched their assault on Ukraine, noted the “dangerous juncture” of the moment before segueing into a list of demands: more drilling on US public lands; the swift approval of proposed gas export terminals; and pressure on the Federal Energy Regulatory Commission, an independent agency, to greenlight pending gas pipelines.
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Much of the new gas infrastructure won’t be operational for several years, which may be beyond the timeframe of the Russia-Ukraine conflict that has squeezed supplies and caused gas prices to spike. So much LNG export is planned or under construction, adding up to about half of all total US gas production, that it will probably cause gas prices to climb for domestic American users, according to Clark Williams-Derry, analyst at the Institute for Energy Economics and Financial Analysis
“It’s beginning to eat into the amount of gas available to domestic consumers,” said Williams-Derry. “We will see very severe impacts on domestic US gas prices. We will see the impacts for as long as the eye can see.”
The Federal Election Commission (FEC), a federal agency, states that its mission is to “protect the integrity of the federal campaign finance process by providing transparency and fairly enforcing and administering federal campaign finance laws.” So last week Wall Street On Parade sent an email inquiry to the FEC, asking the following:
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