cheerful news...
Thats sarcasm BTW :-).
Russia rakes in nearly $20bn from oil exports in May
"Rise in revenues is setback for west’s efforts to hit Russian economy in wake of Ukraine invasion."
(He knew the sanctions were gonna backfire)
"Russia raked in around $20bn (£16.6bn) from oil exports in May, as revenues bounced back to prewar levels in a setback to western efforts to choke off its economy following its invasion of Ukraine."
'Yields from shipping crude and oil products rose 11% from a month earlier despite a 3% fall in exports, according to the International Energy Agency’s monthly report."
Western nations have imposed sanctions on Russian oil and gas – the Kremlin’s largest source of revenues. The US banned Russian fuel imports, while the UK and the EU have agreed to phase out their use.
"However, Asian nations including China and India have ramped up their imports of Russian fuel, enticed by record discounts of more than 30% on Brent crude."
"Russia has been able to cope with the discounts due to the surge in the price of Brent crude."
"Wholesale gas prices are also rising as an extended outage at the Freeport liquefied natural gas (LNG) plant following a fire at the US facility, and the curtailment of supplies via the Russian Nord Stream 1 pipeline, stoked supply concerns."
(Idiosyncrasies anybody? Lets review shall we?
Thats:
Taiwan drought = semiconductor shortage
Container ship stuck in Suez = Supply line crisis
Texas ice storm? = Petrol supply line disruption, refinery capacity lost.
India says it will replace Ukraine wheat? = Heat wave dries up crop.
California's LNG pipeline explosion right before Covid and the ensuing repair delays
and now a fire at the Freeport LNG facility just as Europe needs more of our exports to replace Russian gas.
Ones is an accident, two is a trend, and three is a pattern, I'm not really sure what you call six, but I know this much, you can count on more of this, not less. "The great I am" is trying to tell the world something and its this:
"YOU ARE NOT IN CHARGE!
Repent and accept the pathway to your salvation I have given you through Jesus Christ my son!"
You simply can not hide from this, in case you can not tell by now? Nothing man will try to do will work.
Revelation 6:16-17
"And said to the mountains and rocks, Fall on us, and hide us from the face of him that sitteth on the throne, and from the wrath of the Lamb:
For the great day of his wrath is come; and who shall be able to stand?)
"Freeport LNG said on Tuesday that repairs to its Texas Gulf Coast plant after an explosion last week could last until the end of the year and it would restart some operations in 90 days, rather than in July."
'Analysts at Jefferies warned issues at Shell’s Prelude liquefied natural gas facility off Western Australian could also hit volumes. Workers began weeks of strike action last week and an investigation by regulators into the site’s smoke detectors may also impact supply."
(Again, that's the US edition of The Guardian but why is the overwhelming amount of information about these events coming from forgein sources? 🤔🤔🤔🤔.)
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