patrick.net

Eric Holder says

Another refinery denazified:

https://x.com/bayraktar_1love/status/1896335503898599824

Right.

Last year, the Eloi bought $22 billion in Russian gas/oil despite 'sanctions'. They paid less than that for 'saving Ukraine'.

This entire thread is Ukey Fluffing Bullshit.

Major oil facility sanctioned and denazified by drones:

Ukraine has carried out a second attack on oil export infrastructure in Russia's Krasnodar region in the space of a month, striking a transshipment and storage facility which processes more than 28,000 barrels per day of Russian oil destined for international markets.

Krasnodar authorities on Wednesday confirmed that suicide drones attacked the privately-operated Kazkazskaya facility in the south of the country in the early hours of 19 March. The aerial assault caused a large fire, according to pictures and videos of the incident posted by witnesses on Russian social networks on Wednesday.
Russia's defence ministry said that three Ukrainian drones were used in the attack on the facility, carried out shortly after Moscow and Washington agreed a partial ceasefire to halt strikes on each others' energy and power generating infrastructure. An oil reservoir on the site has burned out as a result of the attack, the ministry said.

Kazkazskaya receives light and sweet oil from Russian producers by rail, and then ships the crude about 13 kilometres via pipeline to the Kropotkinskaya pumping and storage station operated by Caspian Pipeline Consortium.

The facility was responsible for delivering more than 28,000 barrels per day of Russian oil to the Caspian Pipeline last year, or about 19% of total Russian oil exports via the network, according to reports in Moscow.

The attack on Kazkazskaya follows an earlier strike on the Kropotkinskaya pumping station by Ukrainian drones. The facility on 17 February reportedly suffered damage to its gas-fired power generation and electronic control rooms which manage the pumping facility.

After assessing the damage to Kropotkinskaya, Caspian Pipeline Consortium indicated that repairs would take about two months during which operations of the station will be stopped, with expected completion in May.

https://www.upstreamonline.com/energy-security/ukraine-hits-another-russian-oil-facility-to-delay-black-sea-exports/2-1-1794817

https://www.coffeeandcovid.com/p/billionaire-boomerang-tuesday-april

Before the Proxy War, Russia’s economy was over-reliant on foreign investment. Biden’s sanctions made foreign investment impossible, and the unexpected result was a renaissance in Russia’s economy, as Russian billionaires —cut off from their London townhouses and Swiss banks— were forced to invest at home.

Cut off from the West, Russia didn’t wither. It de-globalized and re-nationalized— and it worked. In just two years, Russia rocketed from mid-level doldrums to the top of the world’s wealthiest countries list. Once an ailing, foreign-dependent economy, Russia is now independent, politically stable, economically self-sufficient, and —despite all expert predictions— stronger than ever.

Patrick says

Once an ailing, foreign-dependent economy, Russia is now independent, politically stable, economically self-sufficient, and —despite all expert predictions— stronger than ever.

The oligarchs, sure. Average citizens are probably getting smashed. It's not all that easy for a US citizen to get in so who knows if it's a lie. Also no one wants to go there unless they're paid for it.

I only know of two US citizens personally that have been to Russia. And they couldn't just roam where they wanted. They wall you in at the west end of Russia by the major cities. The quality of living from my understanding is shit outside of Moscow and St. Petersburg. Maybe some other small cities by the Black Sea.

It's no different than N Korea. If people or outsiders don't see it or record it, it's not happening the way they tell the story. A Russian can fly into America with minimal hassle and take a tour of the whole country. Russia hides their poverty is what I've been told.

We broadcast our homelessness globally whether it's Seattle, LA, Austin, NYC, etc. Put this way you can be middle class here on $100k, in Russia it would be like making $20k. Again this is from the two people I know that went. The cities are great they said, but get outside them and it's ghetto Russians.

Patrick says

Before the Proxy War, Russia’s economy was over-reliant on foreign investment. Biden’s sanctions made foreign investment impossible, and the unexpected result was a renaissance in Russia’s economy, as Russian billionaires —cut off from their London townhouses and Swiss banks— were forced to invest at home.

Wow!

This is an important and recent lesson for the USA.

If sanctions caused Russian Billionaires to reinvest in the Russia, imagine what tariffs will do for the reindustrialization of our economy!

It's almost as if the US, full of iron, coal, wheat, pork bellies, oil, etc. is in a similar position, with the added benefit that tariffs, unlike foreign-imposed sanctions, are under our control and we can tweak them as appropriate.

Field vs. Clark (1892), SCOTUS established the Congressional Authority to delegate to the President the power of tariffs.

We can just do things.

By the way, the Panic of 1893 was caused by reducing the Tariff by Demonrat Free Traders, who also introduced an income tax that was shot down by SCOTUS in 1894. It smashed the tin plate (stain resistant plating prior to mild and then stainless steel) and other industries leading to 25-35% unemployment rates by misguided economic policies.



Fortunately in 1897, McKinley the Great reimposed a high tariff rate, the Dingly Act, that recovered the Economy.

External Revenue Service Tax outsourcing and importing, not American Productivity.

Another great idea is a Navigation Act that requires at least 50% of imports be brought in on US owned, insured, flagged, and built ships/aircraft with US Crews. The USN is has the USNR

Renaissance with central bank interest rate at 20%, mortgages at 40% and all manufacturing basically working to crank out (or refurbish) stuff which will go to be destroyed in some Dumb Ass field.

With renaissances like that who needs malaise. 🤡

And no, I don't think anybody moved any money from London to Moscow. They are not THAT stupid. The KGB fucks are burning through (what's left of) theire National Wealth Fund.

What general benefits has Free Trade since the 1990s brought to the average American who owns little to no stock?

Mass high wage unemployment? Definitely not.
Cheap Housing? LOL.
Low Personal or Government Debt? Bwahahahaha. The US has never seen so much debt in it's history. Most of which happened in the past 20-25 years.
High Quality goods lasting years? You're lucky if Chinese crap lasts 3-4 years.
Lower Taxes? Hell no.
Less SNAP, Medicaid, EIC, other government programs? No way.
Less Corporate subsidies? LOL
Less Corporate Bailouts? The 1990-2024 period saw the greatest bailouts, both as percentages and raw dollars, of any period in US History, under mostly RINO Congresses.
More Democracy & Freedom in CHYna? Hahahahahaa
Reciprocal low tariff rates on things the US is good at (ie not pink plastic lawn flamingoes, but cars, chickens, dairy, aircraft)? Not at all.

Economic Reality-based Evidence Trumps Economic Theory on the Chalkboard. Free Trade has demonstrably failed.

But but but, how did China have tariffs on us?

I thought tariffs led to economic disaster, according to Wall Street?

I thought free trade was reciprocated, certainly given 30 years!

So how did China built such a massive industrial base with such GDP growth annually while charging evil, uneconomical tariffs and never reciprocating free trade in 3 decades? ;)

And the only prescription is more tariffs

MolotovCocktail says

Who is 'we'?

France, Britain, and if necessary if it goes beyond a tac here and there, the USA.

Official government statistics agency Rosstat reports catastrophic losses across the entire corporate sectors of oil, gas & mining for Feb and March.

Highlights:

February 2025

Mining: -61%

Oil/Gas: -73%

March 2025

Mining: -89%

Oil/Gas: -106%

RWSGFY says

Official government statistics agency Rosstat reports catastrophic losses across the entire corporate sectors of oil, gas & mining for Feb and March.
Highlights:

it is as credible as Chicom statistics

they may be trying to put on some poser act like playing victim to show they are harmed by sanctions meanwhile they are doing okay selling oil and gas to China, India, etc

.

RWSGFY says

Official government statistics agency Rosstat reports catastrophic losses across the entire corporate sectors of oil, gas & mining for Feb and March.

Highlights:

February 2025

Mining: -61%

Oil/Gas: -73%

March 2025

Mining: -89%

Oil/Gas: -106%

Wow! With a -106% decrease in oil and gas production, the Russians must be stuffing oil back in the ground to unproduce that extra 6 percent.

stereotomy says

Wow! With a -106% decrease in oil and gas production, the Russians must be stuffing oil back in the ground to unproduce that extra 6 percent.

Hard to believe this , that is they are losing money as far as reporting the negative net income of 20.1 billion rubles

Looks like Kremlin propaganda to try to hide that they are making a lot of money still by selling to India, China, etc
.