U.S. to sell additional 20 million barrels of oil from strategic reserve
Previously:
‘We can’t be an oil supplier’: Biden’s adviser says oil reserve releases must end
More Oil From U.S. Strategic Petroleum Reserve Heads To Europe
Meanwhile, U.S. crude [oil] is flowing to Europe at rates never seen before.
Two cargoes of high-sulfur crude from the U.S. strategic reserve are headed to Italy and the Netherlands, according to tanker-tracking data and sources briefed by Bloomberg. The tankers have loaded crude at terminals connected to storage caverns of the SPR in Texas and Louisiana.
According to Matt Smith, oil analyst at commodity data firm Kpler, these would not be the last crude exports out of the U.S. SPR to Europe.
In April, some 1.6 million barrels of U.S. crude from the strategic reserve made its way to Europe, Smith told Bloomberg, adding: “That’s the largest amount of SPR crude that’s been shipped to the continent based on historical monthly data.”
April 01, 2022 – Moon of Alabama
The European Union and China will hold a virtual summit today. Before the summit started Brussels has strewn rumors that it would pressure China to not support Russia.
China is of course rejecting any pressure and retaliates by pointing out Europe’s weak strategic autonomy:
Europe Must Learn To Cheat On Its Sanctions (Just Like The U.S. Is Doing It)
Comment by the Author of The New Dark Age:
Has the EU really been ‘captured’by the US? I think not! The major European powers, Germany, France, Italy and Holland (along with the UK), are an integral part of the Imperialist Bloc. When you talk about their interests being harmed, you are conflating the interests of the capitalist classes (and their essential servants) with those of the working people of these countries. Since when have the ruling classes of the Imperialists given a flying fuck about their working classes! They have vast amounts of capital, they’re not touched by the any of it, anymore than by the fake Pandemic. As with ‘traditional’ wars fought by capitalism, this is just another kind of war and as with traditional wars, it’s not only about markets and competing capitalist classes, it’s about destroying capital! It’s just as much a World War as the previous ones, but fought in an entirely different way, using different weapons. It has consumed (or is on the process of consuming) even more surplus capital than WWI/II, you just don’t see it! When will the left wise up? They got conned by the Bug and they’re now being conned by the Sanctions War on the planet!
The New Dark Age
US imports record volumes of Russian oil despite growing political tensions
The increase in Russian energy purchases by the US comes amid long-standing tensions between Moscow and Washington. The White House has been persistently blasting the Russia-led Nord Stream 2 gas pipeline project, warning European allies against becoming too dependent on Russian energy supplies. The Biden administration continues to threaten European partners of the project with sanctions.