U.S. Sanctions & Saber Rattling Doesn’t Stop The U.S. From Importing Russian Petroleum
by Steve St. Angelo, SRSrocco Report Americans would be quite surprised to know that even with all the U.S. Government sanctions and threats of war with Russia, we still import a significant amount of petroleum from the former communist country. How much petroleum does the United States import from Russia? Actually, a lot more when we focus on net imports. While the U.S. imports more oil from certain countries, we also export finished products in return. For example in January, the U.S. imported 831,000 barrels per day (bd) of crude oil and petroleum from Mexico, but also exported 787,000 bd of petroleum products for a net import of only 44,000 bd. So, what amount of net crude oil and petroleum did the U.S. import from Russia during January? Look at the chart below:
As it turns out, Russia is the U.S. second largest non-OPEC source of net petroleum products in the month of January. As we can see, Canada is the largest at 2.9 million barrels per day, Russia at 389,000 bd, Columbia 264,000 bd, Chad 93,000 bd and Mexico at 44,000 bd.
If we include OPEC countries net petroleum imports, Russia ranks 4th:
Canada = 2,950,000 bd
Saudi Arabia = 816,000 bd
Venezuela = 597,000 bd
Russia = 389,000 bd
Of the 4,825,000 bd of net U.S. crude oil and petroleum product imports in January, Russia’s 389,000 bd accounted for 8% of the total. When I did the research, I was quite surprised that the U.S. imported this much petroleum from Russia. Which is also why I find articles such as this one quite hilarious:
“However, the West’s heaviest economic weapon — a comprehensive embargo on oil imports from Russia — has not yet been employed, and is only sporadically discussed in public. The West is now intensively debating military-technological and training participation in Ukraine’s defence against action by Russia’s proxies. But there is little consideration of the entire gamut of available western economic means to end the war. This is all the more surprising as EU sanctions against oil imports from Russia would be less costly for European countries than is often assumed. The EU’s large monthly purchases of Russian oil could be replaced by an increase of imports from other oil-exporting countries.”
The individual who wrote this article believes it’s a good idea for the EU- European Union to put pressure on Russia’s involvement in the Ukraine by cutting cut oil purchases. He continues with the following mind numbing wisdom:
If the West did not trade with Russia as much as it still does, the Kremlin would not have the financial means to conduct its “hybrid” operations — military interventions, propaganda campaigns, political manipulations, etc, in Moldova, Georgia and Ukraine.
I gather the author believes it’s only Putin who is the BOOGEYMAN in this Ukrainian situation. Furthermore, does he realize the U.S. still imports a nice chunk of its petroleum from the Russian Bear?? For some strange reason, the West seems to be suffering from serious BRAIN DAMAGE. While propaganda is taking place on both sides, it seems as if the West is dishing out a great deal more BS than Russia.