Tag: liquified natural gas

Sergey Lavrov: “Staged incidents as the Western approach to doing politics”

Tina Marie (Ms. Cat)

Today, the Russian Armed Forces, together with the self-defence units of the Donetsk and Lugansk people’s republics, are delivering on the objectives of the special military operation with great resolve to put an end to the outrageous discrimination and genocide of the Russian people and eliminate direct threats to the security of the Russian Federation that the United States and its satellites have been creating on Ukrainian territory for years. While losing on the battlefield, the Ukrainian regime and its Western patrons have descended to staging bloody incidents to demonise our country in the eyes of the international community. We have already seen Bucha, Mariupol, Kramatorsk, and Kremenchug. The Russian Defence Ministry has been regularly issuing warnings, with facts in hand, about upcoming staged incidents and fakes.

Sergey Lavrov: “Staged incidents as the Western approach to doing politics”

Domestic Crude Oil Peaked at $145 a Barrel in 2008. It Closed Yesterday at $118.50. So Why Is Gas at the Pump at All-Time Highs?

Tina Marie (Ms. Cat)

Domestic Crude Oil Peaked at $145 a Barrel in 2008. It Closed Yesterday at $118.50. So Why Is Gas at the Pump at All-Time Highs?

Part of that, as the above stories illustrate, is just plain ole price gouging. But the big picture is more complicated than that. According to the EIA, in addition to the 61 percent of the price of a gallon of gas that comes from the cost of crude oil, the other 39 percent shakes out as follows: the costs of refinement (14 percent), distribution and marketing (11 percent), and taxes (14 percent).

And refining* looks to be a particular problem right now. The EIA reports that as of January 1, 1982, the U.S. had 301 refineries in operation. That compares to just 129 in operation as of January 1, 2021.

Related:

*Chevron CEO says there may never be another oil refinery built in the U.S.

Previously:

More Oil From U.S. Strategic Petroleum Reserve Heads To Europe

Sempra strikes LNG supply deal with Germany’s largest power producer

Tina Marie (Ms. Cat)

May 25 (Reuters) – U.S.-based Sempra Energy said on Wednesday it would sell about 2.25 million tonnes per annum (Mtpa) of liquefied natural gas (LNG) to Germany‘s largest power producer, RWE AG, which is trying to wean itself off Russian gas.

U.S. LNG companies have been exporting record volumes to the European Union following sanctions on Russia after its invasion of Ukraine, which tightened supplies to an already under-supplied market.

…

Sempra said it would supply the gas for 15 years from its Port Arthur LNG Phase 1 project being developed in Jefferson County, Texas.

Earlier this month, the company clinched a deal to supply three million tonnes of LNG each year to Poland‘s PGNiG

Sempra strikes LNG supply deal with Germany’s largest power producer

Ruble gas payment Deadline Nears: G7 Countries may refuse to pay ‘On Principle’ – Europe to be ruined but ‘Biden is Laughing’

Tina Marie (Ms. Cat)
European ruin will be a giant bonanza for the US gas and oil, industry

Following “illegitimate decisions” by several Western nations to freeze Russian assets, Putin ordered to accept payment for natural gas supplies to “unfriendly countries” only in rubles.

Ruble gas payment Deadline Nears: G7 Countries may refuse to pay ‘On Principle’ – Europe to be ruined but ‘Biden is Laughing’

Cutting Through the Fog Masking ‘a New Page in the Art of War’

Tina Marie (Ms. Cat)

Cutting Through the Fog Masking ‘a New Page in the Art of War’

In the larger geopolitical spectrum, the non-stop war of attrition by the Empire against Russia with Ukraine as a pawn is a war against the New Silk Roads; Maidan in 2014 took place only a few months after the launching of the Belt and Road Initiative (BRI), then OBOR (One Belt, One Road) in Kazakhstan and Indonesia. It’s also a war on the Russian concept of Greater Eurasia Partnership. In sum: it’s an all-out war on Eurasia integration.

OPEC chief says there’s ‘no capacity in the world’ that could replace Russia’s 7 million barrels a day in oil supply + More

Tina Marie (Ms. Cat)

OPEC chief says there’s ‘no capacity in the world’ that could replace Russia’s 7 million barrels a day in oil supply (Archived)

Related:

The House voted to ban the import of Russian oil even though Biden already banned it by executive order

Bank of America predicts that a ban on Russian oil exports could push prices as high as $200 a barrel – and breaks down why this could trigger a global recession or stock market crash

But the strategists noted that the status of the United States as an energy independent country – meaning it produces as much energy as it consumes – could mitigate the impact of this. US-listed oil stocks Exxon Mobil and Chevron were both up by just under 1% Monday.