U.S. Sanctions & Saber Rattling Doesn’t Stop The U.S. From Importing Russian Petroleum

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:

U.S. Non OPEC Net Petroleum Imports NEWEST

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, Colombia 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:

Ukraine: why the EU should block Russian oil imports

“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.

I make it an effort not to chat with people on this issue because they simply regurgitate what they hear or read from the MSM.  According to information from the weekly John Batchelor-Prof Stephen Cohen interviews on Russia found on TFmetalsReport, Putin has an 86% approval rating by its citizens while Obama comes in at 45%.

Some may think those high Putin approval ratings are manipulated.  However, the west also does polls in Russia and comes up with roughly the same approval ratings.

That being said, I don’t like to get into a political debate because it isn’t based on sound REASON or LOGIC.  It’s based upon the misinformation, garbage or propaganda the MSM puts out on a daily basis.  You cannot debate a person who is brainwashed in this fashion.

Regardless of the collective BRAIN DAMAGE of the West, the United States after all its saber-rattling, shipping of weapons and military personal to Ukraine, sanctions and some of the worst anti-Russian propaganda seen since the Cold War, the U.S. still imports a significant amount of petroleum from Russia.

This is the world we live in today…. total and complete BULL EXCREMENT.  Believe me you, I am not anti-American.  I am just anti-BS.

So, there you have it.  I thought my readers would find this information quite interesting.  Nothing like the U.S. TALKING OUT OF BOTH SIDES OF ITS MOUTH to make ya feel right at home.  We are living in interesting times.  The amount of volatility in the markets is increasing and I fear the pressures will get so great, we will finally have our GREAT UNRAVELING sooner rather than later.

If you think you are smarter than the markets and are holding onto your U.S. Dollars, U.S. Treasuries, 401k, IRA, CD’s, or any other Wall Street issued paper garbage, waiting for the perfect time to get into physical gold and silver…. sorry, YOU AIN’T.   The folks in charge of the pulling the strings already know what’s coming and when, and you and I aren’t including in that group.

For all those who missed out on the precious metal lifeboat, I promise not to say… I TOLD YOU SO.

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22 Comments on "U.S. Sanctions & Saber Rattling Doesn’t Stop The U.S. From Importing Russian Petroleum"

  1. Very nice article, Steve. Maybe there is a logic also for some BS, but in this case, the media are truly hitting the fan.

    I also wrote a post on the Russian situation: it is at http://cassandralegacy.blogspot.it/2015/05/the-great-oil-game-resource-crisis-in.html

    • Ugo,

      Totally agree. I wonder how much longer that FAN will continue working. Also, I recommend my readers checking out Ugo’s article linked above.

      steve

      • Steve,

        good stuff…and speaking of double speak around trade…with all the TPP discussion taking place, thought some amount of reality should be injected.

        Clinton, while signing the NAFTA bill, stated that “NAFTA means jobs. American jobs, and good-paying American jobs. If I didn’t believe that, I wouldn’t support this agreement.”

        Scoreboard since 1994 says?

        US population +59 million (+20% more Americans)

        US manufacturing jobs -5 miilion (-30% fewer manufacturing jobs)

        US debt +$13.4 Trillion (debt to GDP from 64% to 101%)

        Real median household income up $1,750 or $83 dollars a year increase ($50.2k to $51.9k)

        US corporate profits (after tax) up from $386 b to $1.8 trillion (+475%)

        (btw – this is in no way promoting the Republican sellouts as a viable alternative…just stating facts).

        And the MSM still hangs onto to Clinton as the last economic miracle worker…

  2. And heres the kicker, Mr Dimon wont have to paper short at the future top he can dump the real Phiz to the maniacal public who will come rushing in lol, gunna go down as the biggest pump and dump of all time.

    • A lot of people will come in near the top of PM prices, just like they always do in the stock markets.

      • Yeah and selling there undervalued cash flow realestate to do it. Ha Ha Ha wheee this investing stuff is easy lol

        • And heres one to chuckle over Australia (me homie) drops the cash rate to 2% today an historic low Ha Ha Ha cause our economy is going gang busters (Im now on the floor laughing) so I go and do something really stupid buy another 50 oz of PHIZ at 4 year ozzie lows. As axl rose says its so easy easy when everyone wants to please you.

  3. OutLookingIn | May 4, 2015 at 8:41 am | Reply

    Steve, a highly little known fact compliments of the oligarchy controlled MSM. Thank you for shining a light into this dark corner of the “official” double-speak.

    Suggested must reading for those who want to know.

    http://www.zerohedge.com/news/2015-05-02/what-does-putin-want

  4. I am always befuddled when it comes to the import/export factors. For example. Why do we import oil and also export oil? Kind of costly heh?

  5. craig moodie | May 5, 2015 at 11:44 am | Reply

    Steve,
    All this supposed conflict between the US and Russia is all just ‘smoke and mirrors’, in my humble opinion.

  6. It’s Colombia, not Columbia. Come on, that’s primary school stuff.

  7. Silverwillwin | May 5, 2015 at 7:26 pm | Reply

    “All this supposed conflict between the US and Russia is all just ‘smoke and mirrors’, in my humble opinion.”
    Tend to agree. TPTB know that their currency debt / slave note has all but run it’s course.
    The king dollar is taking it’s last gasps. Rothschilds , the Bilderberg group , and the balance of the 1 % r’s know and have known that a merging with the China dynasty would have to be necessary for their 1 world order design. They were preparing as far back as 1975 when the gold standard was being yanked from the U.S dollar. One BIG happy family …or NOT !

  8. silverfreaky | May 6, 2015 at 1:06 am | Reply

    Lets here what John Kaiser is saying.A man with 25 years experience.Maybe he is a basher like me.

    http://www.mining.com/web/survival-guide-for-the-mother-of-all-bear-markets-from-veteran-bottomfisher-john-kaiser/

  9. “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.”
    Nail struck by hammer,square on the noggin.At least you have the cojones to anti up to these destroyers of society,and I fully commend that.JPM are not being fooled either.Stack on.

  10. silverfreaky | May 8, 2015 at 3:23 am | Reply

    Jim Rogers

    http://www.finanzen100.de/finanznachrichten/wirtschaft/jim-rogers-das-wird-schlimmer-als-2008_H1107947056_122138/

    It’s in german.As a long gold holder, he expected not much in the next years from gold.
    He will buy under 1000$.

    • Jim Rogers has a savvy investing record, but he’s not a top expert in PM’s.

      If he is waiting to buy under $1,000 he will probably never buy again.

  11. Maybe time for an update on solar and silver consumption estimates for 2015 and beyond.ie…576 gw of solar to be added this year which equals 160 million oz of silver used.. now with tesla new battery … and a supposed improvement in the economy… etc I see silver going higher soon

  12. silverfreaky | May 9, 2015 at 1:23 am | Reply

    The chief from endeavour silver expected this year 18$.What a performance after those years.
    The silver holder already had there currency reform.
    Again- when central banks can do what they want you need no PM.In times when there is no inflation
    the money goes in stocks and bonds.When the debts are to high the bonds will be selled to the ECB.
    This is the perfect snow ball system.The national banks get more for the bonds as they paid.

    Inflation can only happen when the great masses get more money.But as we see the end of the economical growth, we see every where a great supply and a low demand.

    The only turning point can happen when the stock market bubble burst and the banks will not be paid again by the tax payers.The banks must break down and the creditor of the banks must lose their money.
    Then the thinking may go in direction save haven.

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