Yes, America Is Still Buying Russian Oil

I have been reading that we are still buying some Russian oil, about 209,000 barrels per day. The explanation being provided is that this oil was bought and paid for months ago and is now being delivered. As I write this, there is an oil tanker carrying Russian oil going up the Potomac River to dock near Philadelphia and unload its oil cargo.

It was also explained that we need this oil???I am surprised as I heard the last two presidents tout our oil independence and that we were an oil surplus producer. What happened, or did it?

It seems if we actually need this oil, then all the more reason to dedicate to the transition to greener technologies and reduce the dependence on fossil fuels for energy. Both parties should commit to this. Climate change, global warming, and filling Putin’s pockets ought to be more than enough reasons to divorce ourselves from big oil.

So, yes, we are still buying oil from Russia, or American companies are still buying oil from Russia. The transactions were probably finalized months ago, and we are taking delivery now, and more in the near future, but nevertheless, we are buying Russian oil.

I have to think that Putin is not, and was not, an unknown quantity. Shame on us for not seeing any further down the road than the profits on some corporate balance sheet.

Published by Ed Pirie

I am a native Vermonter. I am a child of the 50s, 1951 to be exact. For much of my youth Vermont had one foot in the 19th century and one in the 20th century. The old ways coexisted with a world that was changing. We were sort of insulated in Vermont from much that was happening outside our state, but our little protective bubble was shrinking. My understanding of today has been greatly influenced by the past as the past was always part of our present in the Vermont of the 1950s and even the 60s. I am not much of a follower and like to do my own thinking. You will find my thoughts on many topics here. I value my family and a quiet existence in a very rural part of Vermont. I try to write clearly and simply. I hope you enjoy and thank you for visiting my site. Take care.

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