We should be going crazy over this - June 18

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dan_s
Posts: 34463
Joined: Fri Apr 23, 2010 8:22 am

We should be going crazy over this - June 18

Post by dan_s »

US reliance on Russian oil surges to record high amid tensions . Epoch Times .
Russian oil imports have set a new record in the United States despite the strained relationship between Washington and Moscow. Industry experts believe the Biden administration’s climate policies will make the country more dependent on foreign oil producers. The United States imported record levels of crude oil from Russia in March and is expected to continue importing at high levels in coming months, according to the Western Energy Alliance, a trade association that represents 200 independent natural gas and oil producers in the United States.

We shut down the Keystone XL pipeline and approved a pipeline that Russia is building into Germany. We are now in "Upside-Down World".
Dan Steffens
Energy Prospectus Group
dan_s
Posts: 34463
Joined: Fri Apr 23, 2010 8:22 am

Re: We should be going crazy over this - June 18

Post by dan_s »

In Upside Down World the core inflation rate is 3.8% and the yield on a long-term treasury is 1.55%.
Dan Steffens
Energy Prospectus Group
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