by Brian Shilhavy
Editor, Health Impact News
U.S. President Biden’s Administration continues to risk national security by taking millions of barrels from the US Strategic Petroleum Reserve and shipping it abroad to Asia (including China) and Europe.
More than 5 million barrels of oil that were part of a historic U.S. emergency reserves release to lower domestic fuel prices were exported to Europe and Asia last month, according to data and sources, even as U.S. gasoline and diesel prices hit record highs.
The export of crude and fuel is blunting the impact of the moves by U.S. President Joe Biden to lower record pump prices.
About 1 million barrels per day is being released from the Strategic Petroleum Reserve (SPR) through October. The flow is draining the SPR, which last month fell to the lowest since 1986. (Source.)
And this situation just grew much worse, as today it was announced that the Biden Administration has actually shipped MORE liquid natural gas (LNG) to Europe than the U.S. even promised!
When U.S. President Joe Biden promised European leaders in March that he would help secure new supplies of liquefied natural gas to offset shortages from Russia’s invasion of Ukraine, his pledge was greeted with scepticism.
After all, the U.S. LNG industry was already hitting its export limits and the global market is dominated by long-term contracts that can dictate where exported gas would go for twenty years at a time.
It turns out, however, that Biden’s promise may have been far too modest.
The United States is on track to blow past Biden’s March commitment of an additional 15 billion cubic meters of LNG for Europe this year, according to a Reuters analysis of export data compiled by Refinitiv, and to triple the pledge.
The No. 1 natural gas producer became the top LNG exporter in the world in the first half of 2022, the U.S. Energy Information Administration (EIA) said on Monday.
Given the globe’s voracious demand for natural gas, these European imports come at the expense of poorer nations like Pakistan and India, which could face energy deficits or be driven to new deals with Russia.
Through June of this year, the U.S exported about 57 bcm of gas as LNG with 39 bcm, or 68%, going to Europe, Refinitiv data shows. That is compared with 34 bcm, or 35%, of LNG exports shipped to Europe for all of 2021.
That means the United States has already sent more gas to Europe during the first six months of 2022 than it did in all 12 months of 2021. If exports to Europe continue at the same pace through the second half of 2022, the total increase over 2021 would be around 45 bcm. (Source.)
This is astounding news given the fact Natural Gas prices are soaring to (so far) 14-year highs today, due to Russia cutting back on natural gas flow to Europe via the Nord 1 Stream pipeline.
Last week, Germany and other European nations breathed a collective sigh of relief, as Russia turned the Nord 1 pipeline back on after maintenance work, against fears that they would not.
It was only turned on to allow about 40% of its capacity to Europe, the same amounts as before they shut it down completely for maintenance earlier this month (July, 2022), which was already causing energy shortages in Europe.
But then a few days later, it was announced that another turbine required maintenance, and that they were further reducing the flow to now only 20%.
Russian energy major Gazprom will stop the operation of another Siemens turbine, the company announced on Monday. The supply through the Nord Stream 1 pipeline will not exceed 33 million cubic meters per day starting July 27, business daily Kommersant has reported. That would correspond to 20% of the pipeline’s capacity.
Gazprom says the decision to switch off the turbine was made based on its technical condition and the fact that it’s due for an overhaul.
Germany’s Federal Ministry for Economic Affairs has said that there are no technical reasons for a reduction in gas supply via the Nord Stream 1 pipeline, media quoted a ministry representative in Berlin as having told journalists.
According to an earlier report by Kommersant, several of the nine turbines at the Portovaya compressor station are in need of repair. The paper notes that Gazprom has not yet authorised further repairs, and that one turbine took about three months to overhaul. The current licensing agreement allows Siemens Energy to accept five more turbines for repair before the end of 2024. (Source.)
Now, natural gas prices are already at a 14-year high, and production in the U.S. has fallen as the Freeport liquefied natural gas plant in Texas, one of the largest U.S. operators of liquefied natural gas, will remain offline until almost the end of the year after a fire at their facility in June.
Freeport LNG, one of the largest U.S. operators of liquefied natural gas export terminals, on Tuesday said damage from last week’s fire at its Texas plant would keep it fully offline until September with only partial operation through year end. (Source.)
How is this Not a Treasonous Action?
Shipping U.S. natural gas to Europe as payment for their involvement in the Ukraine War while supplies are dwindling in the U.S., is a threat to national security, as we are obviously now in a “Proxy War” with Russia.
How is this not a treasonous act?
If there is one thing we have learned the past two years, it is that the U.S. Government, no matter which party is in office, cares nothing for the American people, and they have had no problem in standing by and watching MILLIONS suffer and die due to the COVID-19 “vaccines.”
Donald Trump’s handlers have apparently told him to STOP using the “vaccine” word, but he made it clear in a recent campaign appearance that he is “still proud of that word”!
So it should not surprise us at all that there is now a plan in place to cause massive hardship through supply chain disruptions and massive inflation when it comes to energy, and they are using the “Green Agenda” to try to justify their actions, trying to convince people that they are the ones who need to make sacrifices to “save the Earth.”
And since this is a political issue that divides the two major political parties in the U.S., Biden has made it clear that he will bypass Congress and try to decree his will upon the American people to implement this “Green Agenda.” Rather than invest at home to increase natural gas and oil production, $BILLIONS are going to fund the war in Ukraine, and domestically he wants to “establish massive offshore wind farms in the Gulf of Mexico.” (Source.)
Biden, of course, is just a puppet serving the Billionaire fund managers and bankers in the U.S. who benefit the most from high gas prices, as well as collect taxpayer funds to invest in “green energy.” They are apolitical, and profit no matter what political side energy spending falls under.
As has been historically true, war is very good and very profitable to these Globalists. They don’t care which side of the war they profit from.
Ford, for example, was building engines for Hitler’s tanks during WW II, and much of their technology today is exported to Russia to support their military hardware as well. See:
Corporate America and the puppet politicians have sold off America’s future to the highest bidder, and China is going to, eventually, be the biggest winner.
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Published on July 26, 2022