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ZeroHedge: Washington's Pleas Fall on Deaf Ears as Ukraine Strikes Russian Refineries
Posted on 4/26/24 at 3:26 pm
Posted on 4/26/24 at 3:26 pm
quote:
Just days after the Biden administration signed a new military aid package worth billions of dollars to Ukraine, Kyiv launched a series of suicide drone attacks on Russian oil refineries. Biden's top officials have pleaded with Kyiv to stop attacks on Russia's energy infrastructure because of the fears that turmoil in crude markets would send pump prices in the US higher ahead of the presidential elections in November.
"Our region is again under attack by Ukrainian UAVs," Smolensk Governor Vasily Anokhin wrote in a post on Telegram on Wednesday. Kamikaze drones damaged oil facilities in western Russia.
Another drone attack hit the Lipetsk region further south, which is home to steel production plants and pharmaceutical sites, Governor Igor Artamonov said.
"The Kyiv criminal regime tried to hit infrastructure in Lipetsk industrial zone," Artamonov said.
quote:
The Financial Times, citing unnamed US officials, recently said long-range drones have hit at least 20 energy facilities deep within Russia so far this year. Kyiv's drone attacks on Russia's energy complex have been frightening for the Biden administration, as Brent prices have risen to the $90/bbl level on higher war risk premiums. Higher energy costs feed into inflation as stagflation concerns mount in the US. Also, gasoline pump prices in the US are inching closer to the politically sensitive $4 level.
According to AAA data, the average cost of gas at the pump across the US was $3.66 as of Thursday, up from $3.10 in mid-January.
"The recent uptick in US consumer price inflation, driven by services, housing and fuel, is already of concern to the Biden administration, which is hoping to secure a second term in the November election," Markus Korhonen, senior associate at geopolitical risk consultancy S-RM, told Newsweek.
In recent weeks, Brent prices jumped to the $90bbl to $92bbl range on a higher war risk premium as Israel and Iran volleyed missiles and drones at each other. Prices sank to as low as the $85bbl handle as the market saw the Middle East conflict was just theatrics. However, prices have increased from $85bbl earlier this week, to $89.50 on Friday morning - perhaps on new fears of tighter Russia supplies.
The latest Bloomberg data shows Russian seaborne crude exports hit a multi-month high in the four weeks to April 21. Refineries in the country have struggled to be repaired from the series of drone attacks as oil processing sinks to lows last seen in May 2023 when floods forced the Orsk refinery offline.
So far, Ukraine has only attacked oil-processing facilities deep within Russia, avoiding crude and crude product export ports.
"Should Ukraine begin also targeting crude oil facilities, this could threaten Russia's overall production and exports and, more meaningfully, global oil prices would tick up, driving up inflation and cost-of-living pressures in the US and elsewhere," said Korhonen, adding, "It would also raise the prospects of Russia retaliating, for example, targeting energy infrastructure that the West relies on."
The ultimate goal of Ukraine's drone attacks is to reduce Moscow's oil revenues that finance the war. This means that Russia's crude export ports will be targeted at some point. And we're 100% sure the Biden administration is terrified about this ahead of the elections.
If that happens, "it would not only bring up the price of oil, it would put a lot of pressure on inflation because of the impact on prices," said O'Donnell.
The question becomes when Kyiv begins hitting Russia's crude export terminals.
LINK
Posted on 4/26/24 at 3:29 pm to ragincajun03
Dang. Well they will kick the nest one too many times and eventually get stung.
Posted on 4/26/24 at 3:31 pm to ragincajun03
Look what I posted this morning
Posted on 4/26/24 at 3:35 pm to ragincajun03
Meh..... Hard for to to believe Zielinski would do ANYTHING Biden/Obama didn't approve.
It's easy for me to believe that Biden/Obama would lie to Americans about what they told Zylenski. IMHO
I gave up trying to make sense of anything this administration does and just accept they are actively trying to destroy America.
It's easy for me to believe that Biden/Obama would lie to Americans about what they told Zylenski. IMHO
I gave up trying to make sense of anything this administration does and just accept they are actively trying to destroy America.
Posted on 4/26/24 at 3:43 pm to ragincajun03
I posted this on the OT thread and the Kiev Cucks downvoted me vociferously
Posted on 4/26/24 at 3:45 pm to ragincajun03
Does this mean McConnell, Schumer, and Johnson will move to send anti-missile technology to Russia?
Posted on 4/26/24 at 3:51 pm to ragincajun03
So, Churchill says to FDR: 'We're gonna bomb Germany. We need more of your planes.'
FDR: 'OK, but don't bomb their Volkswagen factories. The prices at our dealerships will go up.'
FDR: 'OK, but don't bomb their Volkswagen factories. The prices at our dealerships will go up.'
Posted on 4/26/24 at 3:57 pm to lake chuck fan
quote:
Hard for to to believe Zielinski would do ANYTHING Biden/Obama didn't approve.
It's easy for me to believe that Biden/Obama would lie to Americans about what they told Zylenski. IMHO
100%. Z isn't going to risk anything to derail the gravy train of billions flowing to him and his--as well as his Ukraine government cronies'--cut of those funds that are allowing them to buy mansions in Europe, Yachts, $600K+ Bentleys etc etc etc.
Posted on 4/26/24 at 4:00 pm to ragincajun03
Joe: Don’t.
Ukraine: Just did.
Ukraine: Just did.
Posted on 4/26/24 at 4:05 pm to Zach
quote:
So, Churchill says to FDR: 'We're gonna bomb Germany. We need more of your planes.'
FDR: 'OK, but don't bomb their Volkswagen factories. The prices at our dealerships will go up.'
The American people were polling at 84 % about staying out of WW II. Roosevelt wanted in. So Roosevelt frigs the Japs with an embargo who respond with an attack on Pearl Harbor while our carriers are out to see. I could go on and on about that crooked SOB!!
Posted on 4/26/24 at 4:07 pm to ragincajun03
Time for tactical nukes.
Posted on 4/26/24 at 4:11 pm to ragincajun03
It's like when the kids run out of fireworks and their parents give them money to go buy more. They will immediately shoot them off.
Posted on 4/26/24 at 4:24 pm to Zach
quote:
So, Churchill says to FDR: 'We're gonna bomb Germany. We need more of your planes.'
FDR: 'OK, but don't bomb their Volkswagen factories. The prices at our dealerships will go up.'
Bingo.
Biden Administration: "We'll help you fight back the Russians via money and weapons giving, but don't do anything that might screw up our re-election chances. Even if that thing might actually give you snowball's chance in hell of winning this war."
Posted on 4/26/24 at 4:25 pm to ragincajun03
quote:
Biden's top officials have pleaded with Kyiv to stop attacks on Russia's energy infrastructure because of the fears that turmoil in crude markets would send pump prices in the US higher ahead of the presidential elections in November.
What are their targets with the missiles you sent Joe? The population?
Posted on 4/26/24 at 4:38 pm to ragincajun03
Joe is getting his 10% from China buying Russian refined products. I've said it more than once on here.
Posted on 4/26/24 at 4:40 pm to ragincajun03
Here ya’ go: Big old pile of weapons, courtesy of the American taxpayer.
Don’t use them.
Don’t use them.
Posted on 4/26/24 at 4:48 pm to Ag Zwin
Potato trusted the penile piano player
Posted on 4/26/24 at 6:28 pm to ragincajun03
Today American Abrams ran from the frontlines to hide in the back because they are being taken out too easy. Near Donetsk, Ukrainian lines folded and groups sent to plug the holes refused to go allowing quick advancement of the Russian army. Ukraine had to hurriedly send in fresh poorly trained/poorly equipped troops to try to hold the area as the leaders began to panic over the situation there. In the last month every week has seemed exponentially worse for the Ukrainian army which is beginning to buckle. Which is dire when you consider the main summer offensive build up has not even taken place yet.
Posted on 4/26/24 at 8:10 pm to ragincajun03
Washington needs to quit worrying about Russian refineries and build more of our own and get our oil production up again. It's weird you guys want Ukraine to do what Biden wants all the sudden
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