Where I am on energy, man-made global warming, prosperity, and government John Shanahan June 5, 2022 The source of the story below is a retired Dutch lawyer friend living near Rotterdam. He is a key person at CLINTEL I am a signer of the CLINTEL Declaration. I am laughing, because many people, starting with some in my immediate family and some long-time bicycling and snowshoeing friends, steadfastly disagree with everything I have said about energy and how it is essential for a better world. They insist that wind, solar, and politicians promoting them are the way to go. They are convinced that carbon dioxide from fossil fuels is a pollutant. NO! It is the molecule of life. Their sources: the mainstream media and related politicians. My sources: fossil fuel and nuclear power energy experts and non-mainstream media. My story is based on over 2,800 articles, reports, presentations, eBooks, and videos by more than 1,600 authors and other sources on my website: allaboutenergy.net. Politicians and one-world-government, man-made climate change alarmist claimants to thrones of global power at the United Nations and World Economic Forum are the same people who are making the major decisions about the War in Ukraine and the Russian oil and gas embargo. The world is the way it is because of energy policies and run-everything by stroke of the pen edicts of contemporary governments in North America and Europe. Thanks to those who have listened for the last twenty years. Good for India. John A. Shanahan Civil Engineer Founder, website: allaboutenergy.net Denver, Colorado, USA 80210 E-mail: john.shanahan@allaboutenergy.net
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On Sun, Jun 5, 2022 Van: Rob Nijssen Verzonden: zondag 5 juni 2022 10:05 Aan: Eduard Harinck Onderwerp: Report: India is Buying Up Cheap Sanctioned Russian Oil and Selling it to the U.S. and E.U. at Huge Profits / Rapport: India koopt goedkope Russische olie op en verkoopt het met enorme winsten aan de VS en de EU https://www.informationliberation.com/?id=63128 https://www.wsj.com/articles/russian-oil-producers-stay-one-step-ahead-of-sanction s-11654076614 Report: India is Buying Up Cheap Sanctioned Russian Oil and Selling it to the U.S. and E.U. at Huge Profits Chris Menahan InformationLiberation June 2, 2022
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India is buying up cheap sanctioned Russian oil, refining it, then selling it to the US and EU for huge profits, according to a report in the Wall Street Journal. The US has given India permission to buy Russian oil because India has threatened to ditch their alliance with America and ally with China if the US dares to sanction them.
While Americans and Europeans are being forced to pay record prices for gas as "the cost of standing up for freedom," the free nation of India is buying oil from Russia for a whopping $35 off a barrel and selling it back to us in a hilarious arbitrage scheme.
From WSJ, "Russian Oil Producers Stay One Step Ahead of Sanctions": Europe just targeted Russian crude with its toughest sanctions yet, but shippers and refiners are getting the oil to market by obscuring its origins. Some fuels believed to be partially made from Russian crude landed in New York and New Jersey last month.
The cargoes were brought through the Suez Canal and across the Atlantic from Indian refineries, which have been big buyers of Russian oil, according to shipping records, Refinitiv data and analysis by Helsinki-based think tank Centre for Research on Energy and Clean Air.
[...] [India's] imports have skyrocketed to 800,000 barrels a day since the war began, compared with 30,000 barrels a day previously, according to commodity-markets data company Kpler.
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[...] A refinery owned by Indian energy giant Reliance Industries Ltd. bought seven times more Russian crude in May, compared with prewar levels, making up a fifth of its total intake, according to Kpler.
Reliance chartered an oil tanker to carry a cargo of alkylate, a gasoline component, departing from the nearby Sikka port on April 21 without a planned destination. Three days later, it updated its records with a U.S. port and sailed over, discharging its cargo on May 22 in New York.
"What likely happened was Reliance took on a discounted cargo of Russian crude, refined it and then sold the product on the short-term market where it found a U.S. buyer," said Lauri Myllyvirta, lead analyst at the Centre for Research on Energy and Clean Air. [...]
Reliance didn't respond to a request for comment. Its joint chief financial officer, Srikanth Venkatachari, said in a May 6 briefing that the company has minimized feedstock cost by sourcing "arbitrage barrels."
Indian refined oil-product exports, beefed up by cheap Russian supplies, have grown sharply since the beginning of the war. Daily shipments to Europe have risen by a third and by 43% to the U.S. on a quarterly basis. We are truly the suckers of the world.
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