Strongest sanctions EVER!!!! (with exceptions)

kom526

kom526

They call me ... Sarcasmo
Gas and oil will NOT be affected.
  • U.S. State Department official: The sanctions that are being imposed today, as well that could be imposed in the near future, are not targeting and will not target oil and gas flows.
  • None of the sanctions announced by the U.S. or the European Union, or the UK, target any Russian bank dealing with Russia's oil and gas transactions.
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oilprice.com

U.S. Sanctions Will Not Target Russia's Oil And Gas Exports | OilPrice.com

The sanctions that the United States is imposing on Russia for recognizing two breakaway regions in eastern Ukraine and sending troops there are not targeting Russian oil and gas flows
oilprice.com oilprice.com
 
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HemiHauler

Well-Known Member
That news is almost 24 hours old. Access to SWIFT will be cut off today, which will effectively shut down their ability to sell oil&gas.
 
Gilligan

Gilligan

#*! boat!
PREMO Member
HemiHauler said:
That news is almost 24 hours old. Access to SWIFT will be cut off today, which will effectively shut down their ability to sell oil&gas.
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So the supply of NG to Germany and the other countries will stop? Finland gets 100% of theirs from Russia.
 
kom526

kom526

They call me ... Sarcasmo
More fun tidbits!!
en.as.com

How much oil does the US import from Russia?

The situation in Ukraine has been linked to sharp rises in the cost of crude oil as the global markets are spooked by the prospect of conflict.
en.as.com en.as.com
Russia uses its vast natural supplies of crude oil as a major export market and one which has grown in recent years. In spring 2021 imports of Russian oil to the United States in their highest level in a decade, become the second-largest exporter of oil to the US later that year.

Across 2021 the US imported between 12 million as 26 million barrels of crude oil and petroleum from Russia every month. In November 2021, the most recent figures on record, the Energy Information Agency reports that the US took 17.8 million barrels.
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www.forbes.com

Russia Is A Major Supplier Of Oil To The U.S.

As Russian troops move into the separatist regions of Ukraine, it's worth noting how much these events could impact the U.S. economy.
www.forbes.com www.forbes.com
But that leads to the question of how sanctions on Russia might impact the U.S. market. As of late 2021, the U.S. was importing 8.5 million BPD of crude oil from all countries. Canada was our top supplier, sending the U.S. 4.5 million BPD. (Having secure oil supplies from close allies highlights the importance of the Keystone XL Pipeline expansion). Mexico was second, at 700,000 BPD, and then Russia at 595,000 BPD. Saudi Arabia was our 4th largest supplier at 555,000 BPD.
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O

OccamsRazor

Well-Known Member
Regardless of whether or not oil access will be affected, you can bet your sweet momma's backside that speculators will drive that price right UP!
 
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limblips

Well-Known Member
PREMO Member
HemiHauler said:
That news is almost 24 hours old. Access to SWIFT will be cut off today, which will effectively shut down their ability to sell oil&gas.
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Russia began to develop their own network in 2014 after the Crimean events. While not as robust as SWIFT it will allow them to conduct business. As for kicking them out of SWIFT be aware that is not a one-way street. Russia has numerous financial and global trade options available to them. If they decide to exclude trade with all NATO nations it will wreak havoc globally. Are you ready for $150/barrel oil? Joe is likely going to need to rescind some of his green edicts and turn US production back on. Not just for us but to export to allies also. Of course he could tap our strategic reserves like he did last year which failed miserably.

Quote: "I told you before that we're going to take action on these problems. That's exactly what we're doing," President Biden said from the White House. "It will take time, but, before long, you should see the price of gas drop where you fill up your tank, and in the longer term, we will reduce our reliance on oil as we shift to clean energy."
 
kom526

kom526

They call me ... Sarcasmo
OccamsRazor said:
Regardless of whether or not oil access will be affected, you can bet your sweet momma's backside that speculators will drive that price right UP!
Click to expand...
It will be interesting to see how the Fed deals with Conoco Phillips and the lawsuit against them now that rounds are impacting downrange. Keystone needs to be reopened the EOs against drilling on fed lands needs to be pulled. But even if they got pulled tomorrow we would still have our pants around our ankles for several years to pick up the slack.
 
SamSpade

SamSpade

Well-Known Member
PREMO Member
Biden and Kamala remind me of the completely inept officer in "Aliens" who gives dumbass advice like "lay down a suppressing fire" and other stuff while his crew is being slaughtered.
 
Kyle

Kyle

Beloved Misanthrope
PREMO Member

European Union divided on cutting Russia from global bank network after invasion​

The European Union is unlikely to cut Russia off from the SWIFT global bank system, with member nations divided over the decision.
Russia launched a full-scale invasion of Ukraine Thursday local time. World leaders and diplomats widely condemned the attack and promised strong sanctions in response.
The foreign ministers of the Baltic States and Poland want to include the measure in the next raft of sanctions against Russia, but Germany, Italy, Hungary and Cyprus remain wary – for now.
 
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