ER Editor: This week’s post from Benjamin Fulford might shed a little light here. What is REALLY going on with energy supplies? We’re at the point where we believe nothing. If their lips move, then they’re …
Fake Biden, Fake Ukranian War, Fake Pandemic: is it all about to end?
There are growing signs we in the West are all watching a giant fake show and that the show is about to end. This came up in a conversation last week between a senior Russian FSB agent and a member of the White Dragon Society. “My guess is that we don’t actually have any presidents and all of this is a kind of staged reality show created before our eyes,” noted the FSB member. There is plenty of evidence to back this up.
Did you know, for example, that according to the official Russian Tass News Agency that Ukraine has not declared war on Russia? Also that the Russian gas still being sent through that country is still the main source of revenue for the government of Ukraine?
https://tass.com/pressreview/1424895
Also, did you know that Rothschild family-owned trading companies in Switzerland were still selling Russian commodities to the rest of the world?
Furthermore, despite the “embargo,” Russian oil exports to the US continue and are even increasing. For example, in the week of March 12-18, the US bought 70,000 barrels of Russian oil per day, 80% more than the previous week. …
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For background, readers may be interested in this recently article put out by the International Energy Agency (IEA), titled
Energy Fact Sheet: Why does Russian oil and gas matter?
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UAE: There is no substitute for Russian oil
Samizdat (RT) | March 28, 2022
The world’s energy markets need Russian oil and no producer can replace it, United Arab Emirates (UAE) Minister of Energy Suhail al-Mazrouei said on Monday.
Russia produces some 10 million barrels of oil a day, which makes it a critical member of the OPEC+ energy alliance, al-Mazrouei explained during an energy forum in Dubai.
“Leaving the politics aside, that volume is needed today,” he insisted, adding that “unless someone is willing to come and deliver that amount, we don’t see that someone can substitute Russia.”
Russia is the world’s second biggest crude exporter after Saudi Arabia. Following Russia’s military operation in Ukraine, some nations, led by the US, have pledged to stop buying Russian oil and gas. The United States, Europe, and others have been calling on Gulf Arab oil producers to ramp up production and help bring down crude prices, which at one point shot above $120 a barrel.
The International Energy Agency announced earlier this month that it had decided to release 60 million barrels of oil from its emergency reserves, saying that global oil markets were already tight with highly volatile prices and commercial inventories at their lowest level since 2014.
Many have expressed doubts, however, about whether it was possible to ditch Russia’s energy resources.
Last week, the EU stepped back from imposing an embargo on Russian crude and petroleum products, despite pressure from the US. An immediate embargo on Russia’s fossil fuels “from one day to the next would mean plunging our country and the whole of Europe into a recession,” German Chancellor Olaf Scholz said last week. Europe gets nearly 30% of its crude and roughly 50% of its petroleum products from Russia.
Reducing dependence on natural gas – something that the EU hopes to achieve over the next few years – may prove difficult as well. Qatar – which holds the third-largest natural gas reserves in the world – said last week that it was practically impossible to replace Russian gas on the European market, as between 30 and 40% of the total volume of gas supplied to the world market comes from Russia.
Source
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ER: This seems to be a mightily effective ‘reason’ to create more (alleged) shortages of natural gas into Europe … As many commentators have observed, why wouldn’t Russia insist on payment in rubles when their sovereign assets have been seized?
G7 rejects Russian demand to pay for gas in rubles
Samizdat (RT) | March 28, 2022
The Group of Seven major economies have collectively agreed to reject Moscow’s demand to pay for energy imports from Russia in rubles, according to German Energy Minister Robert Habeck.
“All G7 ministers agreed completely that this [would be] a one-sided and clear breach of the existing contracts,” Habeck told journalists on Monday.
The minister added that “payment in rubles is not acceptable” and that the nations will urge the companies affected “not to follow” the demand issued by Russian President Vladimir Putin last week.
On Monday, Putin ordered the government, the central bank, and Gazprombank to develop the necessary tools to switch all payments for Russian natural gas from “unfriendly states” to rubles from March 31.
This includes countries that have targeted Russia’s financial system and seized its foreign reserves in response to the crisis in Ukraine.
Kremlin spokesperson Dmitry Peskov said Russia will stop shipping natural gas to countries that reject the demand.
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Source
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