KILL AMERICAN OIL-KILL RUSSIA - 15 JANUARY 2023
Of the many misguided, mismanaged Biden assaults on America… it all began with the immediate shutdown of the Keystone Pipeline and intentionally killing America's oil, coal and natural gas industries.
Pre-Biden, we had 18 months of record oil and gas exports, and were “in process” of ship building, pipeline construction, and building numerous foreign receiving port facilities for unloading… America was simply the largest producer of oil and natural gas in the world. (click to read)
Around the world, construction and Maritime workers by the millions in shipyards, oil/gas unloading-loading docks, pipeline construction, highway and transport truckers, vehicle manufacturers, machinery and instrument/control workers, and sailors were all "fired"... as Biden collapsed the industry (globally).
Like our Southern Mexico wall, American Energy companies gathered Billions, the materials were purchased and in place, the contracts were let (and mostly pre-paid), the workforce was hired, and the dock space purchased/leased... an immense American profit was imminent !! it all quickly turned to wasted product, loss, bankruptcy, unemployment, anger and inexcusable stupidity.
UPDATE 2023: With America stopped dead, Russia simply assumed all the America contracts, and is now building those receiver docks, ships, and selling all the oil, gas and coal that the world needs… and becoming mega-wealthy from it (in our stead)... this income potential would have easily offset all of the US 2021-2022 Government spending, and "kept" inflation at (1) one percent.
========
(Oil and Marxism are the keynotes in my soon to be published "AMERIZUELA" treatise, positing oil as being THE American life-force.)
========
Possibly in realizing his mistake, the ever on-the-ball Biden then prohibited anyone from buying Russian Energy and put embargoes onto the world, but, no one is listening… shadow companies cropped up, the sweeping American European sanctions forbidding the purchase and transportation of Russian oil/gas have just prompted Russia to transport more crude oil, and gas than ever before ! on its own tankers, on Chinese tankers, and on a “mysterious” shadow fleet of tankers that now controls the worlds oil/gas economy.
This shadow fleet of tankers emerged after Biden's sanctions were signposted, with full knowledge that the ships would be used for secret Russian trading… meaning, the number of vessels whose ownership information simply isn’t known… as the United States and its allies tried to choke off Moscow’s energy revenues to limit its ability to fund the Ukraine war publicly, they also looked away from the shadow fleet operations, Russia simply diverted oil exports from Europe to Asia, and continued shipping to Europe as usual, via the Shadow fleet.
Just today, the NEW DELHI/SINGAPORE, (Reuters) marine reports show four Chinese-owned supertankers are unloading Russian Urals crude to China (China, is the world’s top oil importer, has continued buying Russian oil despite Biden’s sanctions), and now a fifth supertanker, or very large crude carrier (VLCC), is shipping crude to India (who also ignores Biden), all of this while a “shadow fleet” of 18 Chinese supertankers and another 16 Aframax-sized vessels is planned for shipping Russian crude in 2023 to European ports, India, and China.
Based on Eikon data and public maritime databases, the shadow fleet supertankers Lauren II, Monica S, Catalina 7 and Natalina 7, are Panama-flagged ships bound for China, while the Sao Paulo is today approaching India, Lauren II is managed by China’s Greetee Co Ltd and owned by China’s Maisie Ltd, Catalina 7 is owned by Hong Kong’s Canes Venatici Ltd and Natalina 7 by Hong Kong’s Astrid Menks Ltd with both managed by China’s Runne Co Ltd, while Monica S is owned by China’s Gabrielle Ltd and managed by Derecttor Co Ltd. The Sao Paulo is owned and managed by Cyprus-based Rotimo Holdings Ltd.
So, thank goodness Biden had the 2021 insight to shut down American oil and gas, stop our oil exports, and give up on any global profits that we could have realized, this method is really hurting Russia... China does not dare to break the embargo, India is our ally, and the Europeans hate Russia... plus, since we would "never" buy oil from Communist America-hating Venezuela, Russia and Venezuela will both go broke... this is an American win-win for the American people, Green Energy, and a global electrified future. <thats sarcasm>
READ MY EARLIER POST (about buying Venezuelan oil) https://www.mvsofea.com/2023/01/do-not-drill-4-january-2023.html
=============================================
Like our border invasion, the rules are there, just ignored, then lied about.
LONDON, Jan 15 (Reuters) – By Alex Lawler, Bozorgmehr Sharafedin and Chen Aizhu
Iranian oil exports hit new highs in the last two months of 2022 and are making a strong start to 2023 despite U.S. sanctions, according to companies that track the flows, on higher shipments to China and Venezuela.
Tehran’s oil exports had been limited since former U.S. President Donald Trump in 2018 exited a 2015 nuclear accord and reimposed sanctions aimed at curbing oil exports and the associated revenue to Iran’s government.
Exports have now risen during the term of his successor President Joe Biden, who had sought to revive the nuclear deal, and hit the highest since 2019 on some estimates. This comes despite headwinds such as a stall in those talks and competition from discounted Russian crude.
Energy consultant SVB International said Iran’s crude exports in December averaged 1.137 million barrels per day, up 42,000 bpd from November and the highest 2022 figure SVB has reported based on estimates given earlier.
“In comparison to the Trump administration, there hasn’t been any serious crackdown or action against Iran’s oil exports,” said Sara Vakhshouri of SVB. “January exports were so far strong like previous months.”
“Lower Chinese demand and Russia’s supply to China have been a major challenge for them. Most of its oil still goes to the Far East, ultimately China. Iran also helps Venezuela to export its oil.”
Adrienne Watson, a National Security Council spokesperson at the White House, says the Biden administration’s enforcement of the sanctions is robust, and “Iran’s macroeconomic figures clearly bear this out.” ?
“We have not and will not hesitate to take action against sanctions evaders, together with sanctions against Iran’s missile and drone trade, and human rights violations against the Iranian people,” Watson said. The Treasury Department imposed sanctions late last year on an oil smuggling ring linked to Iran’s Islamic Revolutionary Guards Corps (IRGC).
Consultant Petro-Logistics, which tracks oil supply, said it was also seeing an upward trend in Iranian crude exports which, in its view, in December reached their highest level since March of 2019.
Kpler, a data intelligence firm, put Iranian crude exports at 1.23 million bpd in November, the highest since August 2022 and almost on a par with April 2019’s rate of 1.27 million bpd, although they slipped to just below 1 million bpd in December.
The Iranian oil ministry did not respond to a request for comment on exports. Iran’s draft state budget is based on even higher shipments of 1.4 million bpd, the semi-official Fars news agency reported this week.
To evade sanctions, most of Iran’s crude exports to China are rebranded as crude from other countries, according to analysts including FGE. Iran in the past has said documents were forged to hide the origin of Iranian cargoes.
Also, Iran last year expanded its role in Venezuela, also under U.S. sanctions, sending supplies of light oil for refining and diluents to produce exportable crude grades.
MORE TO CHINA
There is no definitive figure for Iranian oil exports and estimates often fall into a wide range. Tanker-tracking companies use various methods to track the flows, including satellite data, port loading data and human intelligence. Iran generally does not release figures.
According to another analyst, Vortexa, China’s December imports of Iranian oil hit a new record of 1.2 million bpd, up 130% from a year earlier.
“Most of these shipments found home in Shandong, where independent refiners have turned to discounted grades since the second half of 2022 amid sluggish domestic demand and depressed refining margins,” the company said.
The press department of China’s Foreign Ministry, in response to a request for comment, said: “The legitimate and reasonable cooperation between China and Iran under the international legal framework deserves respect and protection,” without directly addressing Reuters query on China’s record Iranian oil purchases.
Vortexa said supply of Russian Urals, the main competing grade to Iranian oil, fell in December – when a price cap on Russian crude exports and European Union ban created uncertainty for buyers.
A revived nuclear deal would allow Iran to boost sales to former buyers like South Korea and Europe.
Still, talks have been at a stalemate since September, and Washington’s special envoy for Iran said in November Tehran’s crackdown on anti-government protesters and the sale of drones to Russia have turned Washington’s focus away from the deal.
Following Trump’s removal of the United States from the nuclear deal and reimposition of sanctions, Iran’s crude exports fell back to as little as 100,000 bpd at times in 2020 from over 2.5 million bpd in 2018, according to tanker trackers.
(Reporting by Alex Lawler; Additional reporting by Bozorgmehr Sharafedin, Chen Aizhu and Timothy Gardner; Editing by David Evans) (c) Copyright Thomson Reuters 2023.
Click "OLDER POSTS" @ bottom right