The US Department of Energy has indicated that it will buy 6 million barrels of crude oil that should be delivered between December and January. Market reports said the US Department of Energy will sign purchase contracts for the refill at $79 a barrel or less.
How long have they been saying this?! I’ve forgotten! 🙄
The left-wing government of Germany has passed a controversial new “green” heating law that will force at least 65 percent of all new installed heating systems to be “renewable” energy.
Germany passes impossible “green” heating legislation that will cost economy $1 TRILLION
Related:
Germany Heating Law: How the Building Energy Act Became So Controversial
“If we really want to tackle climate change, the state has to interfere more in what had been private issues because we have to change our behavior,” Römmele said.
Germany mandates switch to heating via renewables with Building Energy Act amendment
The focus of the amendment is on new heating systems, as these are used for an average of 20 to 30 years and the government wants to ensure they are low carbon from the outset. Existing heating systems, however, can continue to be operated as before. This is a compromise reached in the legislative process to mitigate the economic hardships otherwise caused by the amendment.
Massive US Oil Caverns Sit Empty and Will Take Years to Refill
- Nation’s oil reserve is at 40-year-low after historic drawdown
- Experts say refilling will take decades, if it happens at all
If the United States and its allies impose sanctions on China, this could be the greatest financial mistake in all of modern history. Unlike Russia, China is more resilient and has deeper ties across the global economy. Punishing China will likely backfire against the dollar and unleash a de-dollarization wave that could knock it off the reserve status. Here’s what you must know!
Sanctioning China Will Destroy The Dollar | America’s Ultimate Mistake via Sean Foo
Related:
One Year After Russia Mega Sanctions, Senate Asks ‘Can We Do Same To China”
The secret and incomplete history of US-Norway collaboration in covert operations
From the Gulf of Tonkin to the Baltic Sea
The Biden administration plans to sell more crude oil from the Strategic Petroleum Reserve, fulfilling budget directives mandated years ago that it had sought to stop as oil prices have stabilized.
US to Sell 26 Million More Barrels From Strategic Oil Reserve
Some of you may recall the discussion about weakening Germany and how sanctioning Russia is destroying Germany? While empowering Poland.
Keeping Germany down has always been a US led NATO goal.. Always.
German Energy Reprieve Too Little, Too Late to Save Factory Jobs
U.S. Gasoline Prices Continue To Climb
“Macroeconomic factors have continued to weigh on oil and refined products, as strong demand in China hasn’t been slowed much by a surge in new Covid cases. In addition, releases of crude oil from the Strategic Petroleum Reserve have wrapped up. Concerns are increasing that without additional oil, supply will tighten in the weeks ahead, especially as the nation starts to move away from softer demand in the height of winter. Moving forward, it doesn’t look good for motorists, with prices likely to continue accelerating,” DeHaan added.
Ms. Cat’s Chronicles 
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