Biden Buys BILLIONS in Russian Oil Monthly

Imagine if Trump had such a conflict of interest.

Consider Joey “Demento” Biden’s entanglements with Russia, and clearly you can see why he should recuse himself from the presidency.

Aside from Hunter the Crackhead tying the Bidens to not one, but BOTH entrants in this new war, Joe Biden has another issue. He buys oil from Putin.

In an attempt to “fact check” a Facebook post, here’s what PolitiFake, excuse me…PolitiFACT reported:

U.S. is importing large amount of Russian oil, but Facebook post misstates Keystone XL role

• The amount of oil being imported today from Russia has reached a record level, and it does roughly equal the transport capacity of the now-cancelled Keystone XL pipeline.

• However, the pipeline would first need to be built, meaning it couldn’t solve today’s demand needs, and it’s hardly assured that the Canadian production that would feed the pipeline would have risen by 800,000 barrels a day beyond today’s production, or that this entire amount would be sold to the U.S.

See the sources for this fact-check

Isn’t “delay” the excuse that can be used anytime for Leftists? Put another way, if we start building the Keystone Pipeline, then eventually it would be finished.

Considering this “fact check’ was validated in August of last year. Now ask: “have things gotten better for the U.S. when it comes to oil?” According to this site, America’s Russian oil imports are nothing to sneeze at.

Not much, but not nothing. While America has struggled for decades to reduce its dependence on foreign oil, with some success, Russia’s share is at a historic high.

The shale oil boom of the 2010s made the US a major oil exporter, surpassing the production levels of both Russia and Saudi Arabia in 201.

According to the US Energy Information Administration (EIA), America imported an average of 266 million barrels of crude oil per month in the six months ending last November (the latest month for which data has been published).

Just under half of that oil, or 132 million barrels, came from Canada, a US ally and member of the Five Eyes intelligence-sharing alliance (along with the UK), which dredges up vast quantities of hydrocarbons from the tar sands under Alberta.

About nine per cent of US imports came from Persian Gulf countries (Saudi Arabia alone accounts for almost six per cent of those imports), with Mexico providing another nine per cent and a long list of countries, from Brazil through Iraq to Norway, providing less than two per cent each.

However, eight per cent of imports still came from Russia – an average of 22 million barrels per month – and that share has been steadily rising.

Social Media Christmas Sale Kevin Jackson
Social Media Christmas Sale Kevin Jackson
Social Media Christmas Sale Kevin Jackson
Social Media Christmas Sale Kevin Jackson
Social Media Christmas Sale Kevin Jackson

Ok, so the number holds steady. But does the money being paid?

Oil prices under Trump peaked at $77. And while Trump obviously didn’t buy oil from Russia, he chided America’s allies for doing so.

Under Trump we achieved energy independence within his second year in office. Here’s how Investor’s Business Daily reported it:

Energy Security: Last week, the U.S. exported more oil than we imported, for the first time in 70-plus years. And it happened not because of decades of federal “energy policies,” but despite them.

And if you need more evidence, check out this article from Oilprice.com:

Donald Trump was inaugurated as the 45th president on January 20, 2017. Oil production had declined during President Obama’s last year in office as the average annual price of West Texas Intermediate (WTI) fell to $43.34/bbl. But in 2017 that rose to $50.79/bbl, and then to $65.20/bbl in 2018. Oil production followed prices higher. During the first three years of President Trump’s first term, annual U.S. oil production gained 3.4 million BPD. Net imports of crude oil and finished products turned into net exports in late 2019. U.S. oil production eclipsed the previous 1970 peak (although if you include NGLs, that peak was eclipsed in 2013).

If you find yourself asking, when did the U.S. begin buying oil from Russia, perhaps that’s a question better posed to Hunter Biden?

 

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