Comment history

Proguing says...

First I am not “shouting”, I am giving an analysis of the current oil crisis which affects the Bahamas. As this crisis affects our living standard and economy why should I not comment in the Tribune? Are you against freedom of speech? Nobody is forcing you to read the comment section.

Proguing says...

Biden is in panic now with the explosion of the price of oil due to his sanctions. He is now willing to make whatever concessions possible to the Iranians to get a peace treaty signed in the hope that this will bring oil prices down. This will be a highly controversial agreement and most probably the reason for the next war, with the compliments of Biden.

Proguing says...

Yep, and additionally they will soon be unemployed due to the sanctions. These sanctions will hurt everyone except Putin who will still be eating caviar everyday at the Kremlin.

Proguing says...

Just remember when you are paying these exorbitant gas prices, this is because of Biden's green energy transition and of “unprecedented sanctions” to punish Putin...

Anybody got those Biden stickers "I did this" to put on the gas pumps?

Proguing says...

Problem is most Vodka is not made in Russia, but in the USA apparently that detail is being ignored:

"Bar owners are protesting the invasion by dumping out Stoli Vodka. Problem is, it's only Russian by name, which is loosely translated as "capital city" due to its origins in Moscow. The vodka is actually made in Latvia, and the company's headquarters is in Luxembourg - a member of NATO which has spoken against the Russian invasion.

In a statement to CNN Business, Stoli Group said it "unequivocally condemns the military action in Ukraine and stands ready to support the Ukrainian people, our teams and partners."

"For decades, Stoli Group has supported the marginalized and those at risk of unwarranted aggression. We stand now with all Ukrainians and Russians calling for peace," a company spokesperson said.

Smirnoff is another brand being confused as being Russian. Although it traces its heritage to 19th century Russia, the company has long been owned by British spirits giant Diageo and is manufactured in Illinois."

Proguing says...

Current situation in the oil market:

Disruptions to Russian oil exports intensified on Wednesday with more countries and companies refusing to import and transport Russian crude and at least 10 tankers failing to find buyers, driving oil and gas prices higher.

The United States and the European Union have imposed harsh sanctions on Russia for the invasion of Ukraine but so far have refrained from direct measures on Russian energy exports after oil and gas prices have soared to multi-year highs.

Many Western buyers though have already refrained from buying Russian oil as they await sanction clarifications.

As a result, some 7 million barrels per day of Russian oil and products exports and an additional 1.2 million bpd of Kazakhstan's exports via Russia - amounting to a combined 8% of global supply - have been disrupted in recent days.

Canada said it would shut ports to Russian-owned ships and oil tanker company Frontline said it was unlikely to transport Russian crude.

One of the top Russian oil firms, Surgutneftegaz, failed to find buyers for nine tankers with 6.5 million barrels of crude, traders said.

The ship-owners of two crude oil tankers due to load Russian and Kazakh oil from the Black Sea cancelled the shipments, traders said.

As Russian oil export disruptions widened, buyers began to look for alternative supplies in an already tight market.

State-run Indian refiner Bharat Petroleum Corp. was seeking extra oil from the Middle East and Polish refiner PKN Orlen ordered five additional North Sea oil tankers from Saudi Aramco.

Inside Russia, the independent Novoshakhtinsk refinery suspended operations due to falling demand for Russian oil products.

Proguing says...

Only the crypto boys can save us now...

Proguing says...

How about making the cruise ships pay for the rehabilitation of our reefs?

On Warning over coral plague

Posted 2 March 2022, 1:57 p.m. Suggest removal

Proguing says...

The increase in the price of oil has nothing to do with the war in Ukraine. No oil fields have been destroyed and the Russians need to sell their oil to finance their war. The explosion in the price of oil is due to the unprecedented sanctions taken on Russia which has made its oil so toxic that nobody wants to touch it. As there is no spare capacity, the price of oil will continue to surge until either, Biden loosens the sanctions or there is demand destruction.

Proguing says...

The rise in the price of oil is entirely the fault of Biden, first with his energy transition policy which has brought the price of gas at over $5 per gallon in the Bahamas and now it could double due to the sanctions imposed on Russia by the USA.