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Drudge Retort: The Other Side of the News
Tuesday, June 21, 2022

China ramped up crude oil imports from Russia in May, customs data showed Monday, helping to offset losses from Western nations scaling back Russian energy purchases over the invasion of Ukraine.

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I have been saying this all along. There is no reason for oil to have sky rocketed because China and India in particular are slurping up Russian oil at massive discounts. The Oil is being sold and therefore reducing their imports from places like Saudi Arabia.

The sky high oil prices are a scam by traders, nations and corporations to reap massive profits at the cost of consumers. Capitalism at its finest.

#1 | Posted by GalaxiePete at 2022-06-20 05:27 PM | Reply

Stevie Wonder could have seen this coming...

#2 | Posted by lfthndthrds at 2022-06-20 06:59 PM | Reply | Funny: 1

Blow up the Russian oil infrastructure including sinking their ships and blasting their oil lines. This war is not just with Russia but China and the sooner we get this through our heads the easier the battle will be in the future.
.

#3 | Posted by Wildman62 at 2022-06-21 02:31 PM | Reply

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China and India in particular are slurping up Russian oil at massive discounts. The Oil is being sold and therefore reducing their imports from places like Saudi Arabia...

If you haven't noticed, that is why in the last two weeks the price of oil futures (Brent and WTI / West Texas Intermediate crude) have gone down about 20% from its recent peak and US NatGas (UNG) crashed about 30% from its recent peak, though both are still very elevated compared to the "normal" times.

Capitalism at its finest.

Well, yes, that, but mostly it's called "supply and demand" and often also "free market" or "competitive market."

Also, possibly the fact that Big Oil companies are now investing Billions of dollars and euros of their profits into new "clean / green" energy projects (not wind or solar and abundant) besides several startups developing safe nuclear power plants of different sizes / power outputs.
__________

#4 | Posted by CutiePie at 2022-06-21 10:22 PM | Reply

__________
Blow up the Russian oil infrastructure including sinking their ships and blasting their oil lines.

They already have problems delivering oil to India and "others" due to lack of seaworthy tankers and cargo ships willing to transport contraband oil without insurance (dominated by European companies) and gas requires pipelines to be built which takes a long time and money and expertise Russia may not have without Western energy companies.

All are vulnerable to sabotage, physical or cyber - and Vladolf, and most importantly, "his generals" have been made well aware of that, just in case he gets the idea of getting more adventurous in his "special operation war" on Ukraine... let alone NATO countries like Lithuania.

So he is barking threats like small impotent Chihuahua trying to get more attention than he deserves and negotiate from what he considers "position of strength" while it lasts and he can still bluff it.
________

#5 | Posted by CutiePie at 2022-06-21 10:40 PM | Reply | Newsworthy 1

Dude, you're a psychopath. What you propose would cause a nuclear war. Just shut up about things above your pay grade.

You're an Idiot.

#6 | Posted by Effeteposer at 2022-06-22 12:00 AM | Reply

Dude, you're a psychopath. What you propose would cause a nuclear war. Just shut up about things above your pay grade.

You're an Idiot.

#7 | Posted by Effeteposer at 2022-06-22 12:00 AM | Reply

What you propose would cause a nuclear war. Just shut up about things above your pay grade.
You're an Idiot.

#6 | POSTED BY EFFETEPOSER AT 2022-06-22 12:00 AM

But global warming and covid are "scary".

#8 | Posted by lfthndthrds at 2022-06-22 12:30 PM | Reply

But global warming and covid are "scary".
#8 | POSTED BY LFTHNDTHRDS

Unlike nuclear war, these are both ongoing problems.
One has been getting worse your entire life and you still don't believe in it!

#9 | Posted by snoofy at 2022-06-22 12:32 PM | Reply

One has been getting worse your entire life and you still don't believe in it!

#9 | POSTED BY SNOOFY AT 2022-06-22 12:32 PM
No, I believe in global warming. It's easily proven with data. I just don't buy into the scam-of-the-month club.

#10 | Posted by lfthndthrds at 2022-06-22 01:42 PM | Reply

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