And the obviously cognitively impaired (stupid) 46th President of the United States has cancelled the Key Stone pipeline on his first day in office! Thus, he has irresponsibly and totally unnecessarily endangered U.S. energy independence and raised prices at the pump for consumers!
China will probably purchase a lot more crude oil (plus coal) around the world going forward to sustain their economic growth!
"... China has sharply increased its imports of oil from Iran and Venezuela in a challenge to two Biden administration foreign-policy priorities, according to U.S. officials, undermining key diplomatic leverage Washington needs to restart long-stalled negotiations.
China is expected to import 918,000 barrels a day from Iran in March, which would be the highest volume since a full U.S. oil embargo was imposed against Tehran two years ago, according to commodities-data company Kpler.
That trend is confirmed by other shipping trackers, some of which see those sales at 1 million barrels a day. ..."
No comments:
Post a Comment