Commentary With the United States and many European Union countries imposing trade sanctions on Russia and banning the import of Russian oil, it is timely to see who the losers and winners are of this ban. As I have previously written, trade sanctions rarely hurt the country that they are imposed on as they are…
China the Main Beneficiary of Sanctions Against Russia
March 17, 2022
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US Energy Policies Created Financially Favorable Conditions for Russia’s Invasion of Ukraine: Rick Santorum
March 16, 2022
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Business & Economyeconomic policieseconomyEuropeExecutive Branchinvasion of ukranieKeystone PipelineMarketsoil pricesoil productionPolicies & ImpactsPoliticsRussiaRussia-Ukraine WarRussian oilUSWorld
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Weaknesses of the Biden administration’s energy policies became one of the decisive factors that prompted Russian President Vladimir Putin to invade Ukraine, said Rick Santorum, a former U.S. senator from Pennsylvania. War needs to be financed, and Russia relies on the revenue from the energy sector to fund its military and continue to feed its…
Boris Johnson Visits UAE, Saudi Arabia as the West Turns Away From Russian Oil
The UK’s Prime Minister Boris Johnson has arrived in Saudi Arabia on Wednesday after visiting the United Arab Emirates (UAE) during a trip to reduce the West’s dependence on Russian energy. After touching down at Riyadh airport in Saudi Arabia on Wednesday, Johnson said he was “glad to be back” in the country during a tea ceremony. During the…
Energy Policy in North America Focuses on Climate Change to the Neglect of Energy Security: AB Energy Minister
March 12, 2022
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Business & EconomyCanadacarbon taxclimate changeeconomyenergy securityfossil fueloil and gasoilsandsRussian oilUkraineWorld
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Alberta Energy Minister Sonya Savage says it is high time that the Liberal government treats Alberta’s oil and gas reserves as a strategic asset, and not a liability to be phased out to the detriment of energy security. Speaking at a press conference on March 11, Savage said the Russian invasion of Ukraine has put…
Energy Policy in North America Focuses on Climate Change to the Neglect of Energy Security: Alberta Energy Minister
March 12, 2022
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Business & EconomyCanadacarbon taxclimate changeeconomyenergy securityfossil fueloil and gasoilsandsRussian oilUkraineWorld
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Alberta Energy Minister Sonya Savage says it is high time that the Liberal government treats Alberta’s oil and gas reserves as a strategic asset, and not a liability to be phased out to the detriment of energy security. Speaking at a press conference on March 11, Savage said the Russian invasion of Ukraine has put…
UK Government ‘Open’ to Lifting Fracking Ban to Cut Reliance on Russian Energy
March 9, 2022
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Boris JohnsonBusiness & EconomyeconomyEuropefrackingFracking banKwasi KwartengRussia-Ukraine WarRussian oilshale gasUKUkraineWorld
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The UK government is “open to the idea of fracking” as long as it is done in a safe and sustainable way, a minister said on Wednesday as the government seeks alternative energy sources to substitute Russian hydrocarbons. The government imposed a moratorium on shale gas mining in England in 2019 after two minor earthquakes…
UK Sanctions on Russian Oil Will Push up Living Costs, Britons Warned
March 9, 2022
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Business & Economyeconomic policieseconomyEuropeMarketspersonal financeRussia-Ukraine WarRussian oilsanctionsUKUkraineWorld
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Britain’s new sanctions on Russian oil and gas imports could have an impact on the cost of living in the UK, politicians and experts have warned. Business secretary Kwasi Kwarteng announced on Tuesday that Britain will join the United States in halting the import of Russian oil and related products, to ramp up the economic…
Russia Threatens to Cut Gas to Germany; Poland to Place MIG-29 Jets at U.S. Disposal | NTD
President Joe Biden announces a ban on Russian oil, California sees record-breaking gas prices, and civilians are evacuating five Ukrainian cities through humanitarian corridors.
US, European Allies Discuss Banning Imports of Russian Oil
March 7, 2022
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WASHINGTON—The United States and European allies are exploring banning imports of Russian oil, U.S. Secretary of State Antony Blinken said on Sunday, and the White House coordinated with key Congressional committees moving forward with their own ban. U.S. House of Representatives Speaker Nancy Pelosi (D-Calif.) also said in a Sunday letter that the chamber is…
US Is Funding Russia’s War in Ukraine by Continuing Imports of Russian Oil: Rep. Greg Murphy
March 5, 2022
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Business & EconomyeconomyEuropeExecutive BranchMarketsPolicies & ImpactsPoliticsRep. Greg MurphyRepublicansRussia-Ukraine WarRussian oilsanction Russian oil importUncategorizedUSUS NewsWorld
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The Biden administration has imposed several rounds of sanctions against Russia since it invaded Ukraine. However, without cutting off the import of Russian oil and gas, the United States is funding Russia’s invasion with about $75 million a day, said Rep. Greg Murphy (R-N.C.). “We are actually importing approximately $75 million worth of dirty Russian…
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