Because petroleum is an international commodity. The USA imports as much oil as they export. If Europe will pay more for Texan oil, that’s who they will sell it to. If Russian oil is cheaper than Texan oil, that’s who refineries will buy from.
Speaking of eggs, those Ukrainian painted eggs are wonderful. The tradition is called pysanky — the beautiful painted Easter eggs that were originally created to bless every part of life in Ukraine as talismans of prosperity, fertility, healing and protection, long life and bounty. Here’s a 3 minute video of how they are made: https://www.youtube.com/watch?v=dffnbXAIVrQ
The worlds petroleum exchange is an exceedingly complex market that I doubt anyone here fully understands. It’s why whenever President Trump referred to it he used terms like a ‘net’ oil exporting nation. Yet at the time we were exporting oil we were also importing it. This is true today although we’re a ‘net’ importing nation. This is a simplification but essentially we have hundreds of companies, refineries and individuals buying and selling on the world market and speculating on futures. As far as stopping the importation of oil from Russia, I think Biden will get there eventually. But, hoo boy, I have no clue as how to disentangle one nations oil products from the rest of the world. It’s not like there’s one central figure or the government doing all the trading in that regard.
That said many of our petroleum industry corporations have recently divested themselves from doing business with Russia. Also I’ve seen where certain shipping lines have said they will no longer transport Russian petroleum products and insurer’s have said they will no longer carry such ships or will raise the coverages to prohibitive levels.
ChristopherBurns about 2 years ago
Because petroleum is an international commodity. The USA imports as much oil as they export. If Europe will pay more for Texan oil, that’s who they will sell it to. If Russian oil is cheaper than Texan oil, that’s who refineries will buy from.
That’s capitalism, baby.
walstib Premium Member about 2 years ago
Speaking of eggs, those Ukrainian painted eggs are wonderful. The tradition is called pysanky — the beautiful painted Easter eggs that were originally created to bless every part of life in Ukraine as talismans of prosperity, fertility, healing and protection, long life and bounty. Here’s a 3 minute video of how they are made: https://www.youtube.com/watch?v=dffnbXAIVrQ
1BlackLivesMatter Premium Member about 2 years ago
Biden helping his buddy, Putin, by buying Russian oil!
Frankfreak about 2 years ago
What is stupid is this toon and the guy that posted right before me.
genome_project Premium Member about 2 years ago
The only “stupid” I see is Lester’s attempt at humor … and his connection to reality.
Kracklin Rosie - “Tolo Dan Nan Galad” Premium Member about 2 years ago
The worlds petroleum exchange is an exceedingly complex market that I doubt anyone here fully understands. It’s why whenever President Trump referred to it he used terms like a ‘net’ oil exporting nation. Yet at the time we were exporting oil we were also importing it. This is true today although we’re a ‘net’ importing nation. This is a simplification but essentially we have hundreds of companies, refineries and individuals buying and selling on the world market and speculating on futures. As far as stopping the importation of oil from Russia, I think Biden will get there eventually. But, hoo boy, I have no clue as how to disentangle one nations oil products from the rest of the world. It’s not like there’s one central figure or the government doing all the trading in that regard.
That said many of our petroleum industry corporations have recently divested themselves from doing business with Russia. Also I’ve seen where certain shipping lines have said they will no longer transport Russian petroleum products and insurer’s have said they will no longer carry such ships or will raise the coverages to prohibitive levels.
DrDon1 about 2 years ago
Almost appears that Lester like to imitate the behavior of ‘spooked’ chimpanzees….
MuddyUSA Premium Member about 2 years ago
The same applies to U.S. buying Russian oil!
Lou Nattic, né Stan C about 2 years ago
^ Hey look! Mudhead understood Lester’s toon! You earned your cookies today.
lawguy05 about 2 years ago
Can’t wait for November!