Athabasca Oil Corp T.ATH

Yellen Warns EU About Banning Russian Oil

[Moneyloop]

Yellen’s warning follows JP Morgan’s from earlier this week that suggested a full and immediate ban in the EU on Russian energy supplies would cut off more than 4 million bpd of Russian oil and send crude oil prices to $185 per barrel.

The EU and the European Commission has been discussing an embargo on Russian crude oil, but the group is divided on the issue, with countries such as Germany strongly opposed due to its significant reliance on Russian energy supplies. Even if all EU members do agree on such a ban, it would still take months to draft and prepare, European officials said last week. The EU is already in talks with other oil-producing countries with the end goal of obtaining alternative oil suppliers so it can more readily wean itself off Russian oil supply.

[NoShorts]

The senility of Biden and ignorance of Trudeau make this a much tougher situation than it needs to be. There's a disconnect between the micro/macro economies of scale when it comes to oil and gas realities of today vs the alternative energy ideals of tomorrow. Our leaders don't support domestic pipeline projects only to turn around and buy oil from other countries or release strategic

[Moneyloop]

I agree with your analysis. Unfortunately we can't stop dealing with Russia like a switch of a light bulb. But I think the dynamics of the geopolitical landscape as changed with this conflict. With inflation and the threat of continuous rate hikes,I hope the mindset will change and the Keystone pipeline project will come to fruition. We have some 16 senators on the US side that are pushing

[Moneyloop]

 ( Our WCS ) correction....   : )

[Maxmoe]

Wierd guy. Posted twice in 6 months. Both about Biden. Try Facebook or twitter man, nobody cares here.

[Maxmoe]

And that's the stuff that gets me on the naughty list on ceo.ca . In jail again! Like Canadians banned from going to Russia for speaking up. Oh well. Unless stockhouse does the same, it means more from me on stockhouse and I wasn't planning on visiting Russia either. LOL.