The Biden administration may not be able to take full advantage of the recent drop in oil prices as it seeks to refill its depleted crude oil reserve, the Energy Department’s No. 2 official said Monday.
US Strategic Oil Reserve Refill Is Limited Despite Low Prices
Tag: Oil Prices
On the strategic relationship between Venezuela and China
During a state visit to the People’s Republic of China in September 2023, Venezuelan president, Nicolas Maduro met president Xi Jinping and both agreed to strengthen the relationship of their countries by establishing seven sub commissions to elevate it to the level of ‘all-weather strategic partnership’. This is the culmination of a relationship that began with president Hugo Chavez’s first visit to Beijing in 1999, the very first year of his presidency.
On the strategic relationship between Venezuela and China
Venezuela: Disqualified Politicians Can Launch Supreme Court Appeal
Mexico City, Mexico, December 1, 2023 (venezuelanalysis.com) – The Venezuelan government and the US-backed hardline opposition have agreed to allow the country’s Supreme Court to review the cases of candidates disqualified from running for public office, the parties announced Thursday via Norwegian mediators.
Venezuela: Disqualified Politicians Can Launch Supreme Court Appeal
Crude oil up as US plans to replenish strategic reserves
Crude oil up as US plans to replenish strategic reserves
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! 🙄
U.S. can ‘certainly’ afford military support to both Israel and Ukraine, meanwhile…
U.S. can ‘certainly’ afford military support to both Israel and Ukraine, Janet Yellen says
“America can certainly afford to stand with Israel and to support Israel’s military needs and we also can and must support Ukraine in its struggle against Russia,” Yellen said, adding that the U.S. economy is doing “extremely well.”
“Inflation has been high and it’s been a concern to households, it’s come down considerably. At the same time, we have about the strongest labor market we’ve seen in 50 years with 3.8% unemployment. And at the same time, America, the Biden administration, has passed legislation that is strengthening our economy in years to come for the medium term.”
Related:
Ticking Time-Bomb: Food Inflation Is Crushing Millions Of Low Income Americans (archived)
And so the debate circles round and round. The US, the “most wealthy nation on the planet”, has a food security problem and is on the verge of an inflationary calamity for millions of low income citizens, all while it spends hundreds of billions of dollars on pointless climate change programs, diversity and inclusion initiatives and proxy wars. Something has to give, and the chances are growing that it will be the American consumer.
WARNING: U.S. Oil Reserves Are Empty With Fewer Than 17 Days Left Of Crude Oil Inventory
Obama Wants to Help Libya…LOL!
Germany passes impossible “green” heating legislation that will cost economy $1 TRILLION
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.
Crude Inventories Decreased By 6.3 Million Barrels
The EIA report showed that U.S. was buying oil for the Strategic Petroleum Reserve despite rising oil prices.
Crude Inventories Decreased By 6.3 Million Barrels
Oil, the dollar, and the Fed still pose a triple threat to the US economy, Bank of America says
The US economy isn’t in the clear just yet because of the triple threat posed by rising oil prices, the dollar, and the Federal Reserve, according to Bank of America.
Oil, the dollar, and the Fed still pose a triple threat to the US economy, Bank of America says
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