09/03/2022

The Cost of Oil and Living

There has been an interesting development in the battle with Russia. Joe Biden announced the US is to ban Russian oil imports over the Ukraine invasion.

That the benefit of having a President who’s so old he can remember war with Russian. The Russo-Swedish War of 1495-1497.

It’s a strong move but Russian oil imports only make up 3% of the US’s crude imports, 8% of all oil imports. I’m not sure what falls under the “other oil imports” category but I’d stock up on Vaseline just in case.

It’s easier for America to do this than Europe. Natural gas from Russia accounts for one-third of Europe’s consumption of the fossil fuel. It needs to stop because if you were buying your insulin from someone with crazy eyes who might want to stab you, you’d shop around for another supplier.

OK, we’re probably going o get fuel from Saudi Arabia, so it’s like going to a different neighbour who likes killing journalists.

Biden said he was reluctant to do this as he wanted “to limit the pain the American people are feeling at the gas pump”. That’s the bit that sits funny to a Brit. Petrol is already so cheap over there.

In the UK the average price of filling up a diesel car has just passed £90. Wow. Are you filling up the back seat as well?

I’m not going to type the numbers here because it would annoying you to know what they pay for a tank of petrol. Put it this way, buying petrol in America is like when you go to the North of England and buy a pint.

>Read the source story


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