Eastmed, ESG, Keystone Pipeline, Nord Stream 2, shale oil, SSC
Assessment: Saudi Arabia and the UAE are the only two oil producers that can pump millions of additional barrels of oil to help calm the turbulent global market …
The White House tried unsuccessfully to arrange calls between President Biden and the leaders of Saudi Arabia and the United Arab Emirates, as the US was attempting to forge international support for Ukraine and tame the surge in oil prices, Middle East and US officials told the Washington Post on Tuesday.
“The sluggard does not plow after the autumn,
So he begs during the harvest and has nothing.” Proverbs 20:4
The refusal of Saudi Crown Prince Muhammad bin Salman and UAE Crown Prince Muhammad bin Zayed to take Biden’s call happened in recent weeks, when officials in these countries have increasingly criticized US policy in the Persian Gulf. Biden eventually spoke with the 86-year-old King Salman, bin Salman’s father, and their conversation dealt with the long-standing partnership between their two countries. The Emirati Foreign Ministry said that the conversation between Biden and the country’s regent was postponed.
Saudi officials told the Post that relations with the United States had deteriorated under the Biden administration, and they wanted more significant support from their ally for their intervention in the Yemeni civil war, along with help with their civilian nuclear program and dealing with Iran’s nuclear program. Another issue that has come up is the Saudis’ demand to offer immunity from prosecution in the US to the Saudi Crown Prince who faces several open inquiries over his involvement in the killing of Saudi journalist Jamal Khashoggi in 2018.
Their Emiratis share Saudi Arabia’s concerns after the restrained response by Washington to the recent Iranian-backed Houthi missile attack on American targets.
Read More @ JNS HERE
Stock futures posted strong gains early Wednesday as investors assessed a surge in commodity prices and high inflation while the war in Ukraine continues.
Futures tied to the Dow Jones Industrial Average rose 510 points, or about 1.6%. S&P 500 futures climbed 1.7% and Nasdaq 100 futures gained 2.1%.
The gains came amid an easing in commodity prices that have spooked the broader market. Energy and agriculture products in particular have catapulted higher amid the fighting in Ukraine, while some metals also have posted major gains.
West Texas Intermediate crude, the U.S. oil benchmark, was last down 2.2% to $120.92, while Brent crude, the international standard, fell 1.7% to $125.78. What futures also were sharply lower, falling 5% to $1,215.50 a bushel, though palladium
Read More @ CNBC HERE
Assessment: No, Joe Biden is responsible. The oil crisis is a self-inflicted would and if left to metastasize, it will be the end of America as a world power…
Democrat President Joe Biden refused to take any ownership of the historic gas prices that Americans are facing right now when asked about the matter on Tuesday as he then proceeded to deflect blame on Russia.
“They’re gonna go up,” Biden said when asked in Texas about gas prices, which reached record-breaking levels this week.
But there was none like unto Ahab, which did sell himself to work wickedness in the sight of the LORD, whom Jezebel his wife stirred up. 1 Kings 21:25
When asked what he could do about it, he said, “I can’t do much right now. Russia’s responsible.”
Read More @ Daily Wire HERE
President Zelensky’s 14-hour old ABC News interview (which we detailed hours ago below) is finally getting widespread distribution and is being repackaged as a significant nod to Moscow on what’s been Putin’s core issue he cited as justification for launching the war:
In another apparent nod aimed at placating Moscow, Zelensky said he is open to “compromise” on the status of two breakaway pro-Russian territories that President Vladimir Putin recognized as independent just before unleashing the invasion on February 24.
“I have cooled down regarding this question a long time ago after we understood that …NATO is not prepared to accept Ukraine,” Zelensky said in an interview aired Monday night on ABC News.
“Let him turn away from evil and do good;
Let him seek peace and pursue it.” 1 Peter 3:11
“The alliance is afraid of controversial things, and confrontation with Russia,” the president added.
“I’m talking about security guarantees,” Zelensky said, explaining that Ukraine is now open for dialogue on these central Russian security demands in order to stop the war.
Read More @ Zero Hedge HERE
Assessment: The president has repeated his promise to do “everything” he can to reduce gas prices EXCEPT produce domestic oil.
President Joe Biden announced his decision to ban oil imports from Russia at the White House on Tuesday, just days after his administration argued against the idea.
“We will not be part of subsidizing Putin’s war,” Biden said, painting the decision as a moral one after Russian president Vladimir Putin escalated his war in Ukraine.
Biden’s ban was announced as he faced growing pressure from a bipartisan coalition of members of Congress to pass their own bill to ban Russian oil imports.
White House press secretary Jen Psaki and other Biden officials spent days defending their decision not to ban oil imports from Russia, warning it would only enrich Putin by raising gas prices.
“If a ruler pays attention to lies,
All his servants become wicked.” Proverbs 29:12
“It also has the potential to pad the pockets of President Putin, which is exactly what we are not trying to do,” Psaki said during a press briefing Thursday when asked why Biden had not announced a ban on oil imports from Russia.
In recent days, many oil companies already announced plans to eliminate Russian oil from their portfolios. Even Shell announced their decision to stop purchasing crude oil on Tuesday after purchasing a significant amount of discounted Russian crude oil days earlier.
But Biden described his announcement as “another powerful blow to Putin’s war machine.”
News of Biden’s ban caused the price of oil to jump on Tuesday.
Read More @ Breitbart HERE
Assessment: Does ‘pot hole’ Pete’ know that electricity is not free? Does he know that the cost of an EV can be significantly more expensive than a gas powered car? I don’t think he does.
When will we ever learn not to fret over what’s going on in the world? Our Democrat party overlords know what’s best for us, and all we have to do is simply follow their suggestions. After all, their solutions are so simple.
Take high gas prices for example. So many of us peons worry about the skyrocketing price of gas at the pump, but America’s brilliant Secretary of Transportation Pete Buttigieg has a fix for gas prices that’s so easy it’s almost ridiculous. Why, you just need to buy an electric vehicle, you silly goose.
“A fool takes no pleasure in understanding, but only in expressing his opinion.” Proverbs 18:2 ESV
(South Bend Indiana potholes )
“Clean transportation can bring significant cost savings for the American people as well,” Buttigieg said in a speech. “Last month, we announced a $5 billion investment to build out a nationwide electric vehicle charging network so that people from rural to suburban to urban communities can all benefit from the gas savings of driving an EV.”
Pete Buttigieg wants people to simply buy an electric car so they don't have to worry about rising gas prices. pic.twitter.com/VBcIfRotvE
— TheBlaze (@theblaze) March 7, 2022
Why worry about high gas prices when Mayor Pete comes to the rescue with a big ol’ fistful of taxpayer money? Those EV charging stations will be ready to go when you are … eventually, that is.
Read More @ PJ Media HERE
Stocks fell again on Monday, following four straight weeks of declines, as investors grew increasingly concerned higher energy prices stemming from the Russia-Ukraine conflict would slow the economy while raising inflation.
The Dow Jones Industrial Average lost about 720 points, or 2.1%. The S&P 500 declined 2.6%, falling deeper into correction territory. The 500-stock average sits nearly 12% from its record close. The Nasdaq Composite lost 3%, and not sits 19% from its all-time close.
As the Russia- Ukraine war continues, investors are monitoring the potential economic ramifications of disruptions in the global supply of energy.
“Consequently, ‘stagflation’ is rapidly becoming the central focus in portfolio strategies,” said Jim Paulsen, chief investment strategist for the Leuthold Group. “Preparing for slower growth and more persistent inflation is driving investor fears and actions.”
Read More @ CNBC HERE
