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  1. The proxy War in Ukraine...? Russia gets richer, you and I get poorer..... CL Visual Capitalist SUBSCRIBE ENERGY Who’s Still Buying Fossil Fuels From Russia? Published 2 days ago on June 28, 2022 By Niccolo Conte Article/Editing: Govind Bhutada Graphics/Design: Sam Parker Clayton Wadsworth Subscribe to the Elements free mailing list for more like this The Largest Importers of Russian Fossil Fuels Since the War This was originally posted on Elements. Sign up to the free mailing list to get beautiful visualizations on natural resource megatrends in your email every week. Despite looming sanctions and import bans, Russia exported $97.7 billion worth of fossil fuels in the first 100 days since its invasion of Ukraine, at an average of $977 million per day. So, which fossil fuels are being exported by Russia, and who is importing these fuels? The above infographic tracks the biggest importers of Russia’s fossil fuel exports during the first 100 days of the war based on data from the Centre for Research on Energy and Clean Air (CREA). In Demand: Russia’s Black Gold The global energy market has seen several cyclical shocks over the last few years. The gradual decline in upstream oil and gas investment followed by pandemic-induced production cuts led to a drop in supply, while people consumed more energy as economies reopened and winters got colder. Consequently, fossil fuel demand was rising even before Russia’s invasion of Ukraine, which exacerbated the market shock. Russia is the third-largest producer and second-largest exporter of crude oil. In the 100 days since the invasion, oil was by far Russia’s most valuable fossil fuel export, accounting for $48 billion or roughly half of the total export revenue. Fossil fuel Revenue from exports (Feb 24 - June 4) % of total Russian fossil fuel export revenue Crude oil $48.3B 49.4% Pipeline gas $25.2B 25.8% Oil products $13.6B 13.9% Liquified Natural Gas (LNG) $5.4B 5.5% Coal $5.0B 5.1% Total $97.7B 100% While Russian crude oil is shipped on tankers, a network of pipelines transports Russian gas to Europe. In fact, Russia accounts for 41% of all natural gas imports to the EU, and some countries are almost exclusively dependent on Russian gas. Of the $25 billion exported in pipeline gas, 85% went to the EU. The Top Importers of Russian Fossil Fuels The EU bloc accounted for 61% of Russia’s fossil fuel export revenue during the 100-day period. Germany, Italy, and the Netherlands—members of both the EU and NATO—were among the largest importers, with only China surpassing them. Country Value of fossil fuel imports from Russia (Feb 24 - Jun 4) % of Russian fossil fuel export revenue China $13.2B 13.5% Germany $12.7B 12.9% Italy $8.2B 8.4% Netherlands $8.2B 8.4% Turkey $7.0B 7.2% Poland $4.6B 4.7% France $4.5B 4.6% India $3.6B 3.7% Other $35.7B 36.5% Total $97.7B 100% China overtook Germany as the largest importer, importing nearly 2 million barrels of discounted Russian oil per day in May—up 55% relative to a year ago. Similarly, Russia surpassed Saudi Arabia as China’s largest oil supplier. The biggest increase in imports came from India, buying 18% of all Russian oil exports during the 100-day period. A significant amount of the oil that goes to India is re-exported as refined products to the U.S. and Europe, which are trying to become independent of Russian imports. Reducing Reliance on Russia In response to the invasion of Ukraine, several countries have taken strict action against Russia through sanctions on exports, including fossil fuels. The U.S. and Sweden have banned Russian fossil fuel imports entirely, with monthly import volumes down 100% and 99% in May relative to when the invasion began, respectively. On a global scale, monthly fossil fuel import volumes from Russia were down 15% in May, an indication of the negative political sentiment surrounding the country. It’s also worth noting that several European countries, including some of the largest importers over the 100-day period, have cut back on Russian fossil fuels. Besides the EU’s collective decision to reduce dependence on Russia, some countries have also refused the country’s ruble payment scheme, leading to a drop in imports. The import curtailment is likely to continue. The EU recently adopted a sixth sanction package against Russia, placing a complete ban on all Russian seaborne crude oil products. The ban, which covers 90% of the EU’s oil imports from Russia, will likely realize its full impact after a six-to-eight month period that permits the execution of existing contracts. While the EU is phasing out Russian oil, several European countries are heavily reliant on Russian gas. A full-fledged boycott on Russia’s fossil fuels would also hurt the European economy—therefore, the phase-out will likely be gradual, and subject to the changing geopolitical environment. Support the Future of Data Storytelling Sorry to interrupt your reading, but we have a favor to ask. At Visual Capitalist we believe in a world where data can be understood by everyone. That’s why we want to build the VC App - the first app of its kind combining verifiable and transparent data with beautiful, memorable visuals. All available for free. As a small, independent media company we don’t have the expertise in-house or the funds to build an app like this. So we’re asking our community to help us raise funds on Kickstarter. If you believe in data-driven storytelling, join the movement and back us on Kickstarter! Thank you. Subscribe to our free newsletter and get your mind blown on a daily basis: Sign up RELATED TOPICS:ChinaOilEnergyNatural GasIndiaGasRussiaUnited StatesLngExportsImportsUkraineEuropeEuGermanyUSInternational TradeFranceFossil FuelsEnergy TransitionEnergy DependenceFinlandRussian Oil ExportsSweden DON'T MISS Mapped: Which Ports are Receiving the Most Russian Fossil Fuel Shipments? CLICK FOR COMMENTS YOU MAY ALSO LIKE 3 Insights From the FED’s Latest Economic Snapshot Mapped: Which Ports are Receiving the Most Russian Fossil Fuel Shipments? Visualizing the Coming Shift in Global Economic Power (2006-2036p) Explainer: What Drives Gasoline Prices? Visualizing Well-Known Airlines by Fleet Composition Ranked: Visualizing the Largest Trading Partners of the U.S. OIL AND GAS How Affordable is Gas in Latin America? This graphic looks at gas affordability in Latin America, showing how much a liter of gas costs in 19 countries, relative to average incomes. CREATOR PROGRAM Published 1 week ago on June 22, 2022 By Carmen Ang How Affordable is Gas in Latin America? As gas prices have risen around the world, not each region and country is impacted equally. Globally, the average price for a liter of gas was $1.44 USD on June 13, 2022. But the actual price at the pump, and how affordable that price is for residents, varies greatly from country to country. This is especially true in Latin America, a region widely regarded as one of the world’s most unequal regions in terms of its income and resource distribution. Using monthly data from GlobalPetrolPrices.com as of May 2022, this graphic by Latinometrics compares gas affordability in different countries across Latin America. Gas Affordability in 19 Different Latin American Countries To measure gas affordability, Latinometrics took the price of a liter of gas in 19 different Latin American countries and territories, and divided those figures by each country’s average daily income, using salary data from Statista. Out of the 19 regions included in the dataset, Venezuela has the most affordable gas on the list. In Venezuela, a liter of gas is equivalent to roughly 1.3% of the country’s average daily income. Search: Country Gas price as of May 2022 (USD) % of average daily income Nicaragua $1.37 14.0% Dominican Republic $1.41 12.6% Brazil $1.43 12.5% Paraguay $1.39 12.2% Peru $1.53 10.2% Uruguay $1.92 9.8% El Salvador $1.14 9.2% Honduras $1.33 8.6% Mexico $1.17 7.8% Guatemala $1.44 7.7% PreviousNext This isn’t too surprising, as Venezuela is home to the largest share of proven oil reserves in the world. However, it’s worth noting that international sanctions against Venezuelan oil, largely because of political corruption, have hampered the once prosperous sector in the country. On the other end of the spectrum, Nicaragua has the least affordable gas on the list, with one liter of gas costing 14% of the average daily income in the country. Historically, the Nicaraguan government has not regulated gas prices in the country, but in light of the current global energy crisis triggered in large part by the Russia-Ukraine conflict, the government has stepped in to help control the situation. As the Russia-Ukraine conflict continues with no end in sight, it’ll be interesting to see where prices are at in the next few months. CONTINUE READING ENERGY Mapped: Which Ports are Receiving the Most Russian Fossil Fuel Shipments? Russia’s energy exports have become a hot topic. See which ports received fossil shipments during the first 100 days of the Ukraine invasion Published 2 weeks ago on June 14, 2022 By Nick Routley As the invasion of Ukraine wears on, European countries are scrambling to find alternatives to Russian fossil fuels. In fact, an estimated 93% of Russian oil sales to the EU are due to be eliminated by the end of the year, and many countries have seen their imports of Russian gas plummet. Despite this, Russia earned €93 billion in revenue from fossil fuel exports in the first 100 days of the invasion. While the bulk of fossil fuels travel through Europe via pipelines, there are still a number marine shipments moving between ports. The maps below, using data from MarineTraffic.com and Datalastic, compiled by the Centre for Research on Energy and Clean Air (CREA), are a look at Russia’s fossil fuel shipments during the first 100 days of the invasion. Russia’s Crude Oil Shipments Much of Russia’s marine shipments of crude oil went to the Netherlands and Italy, but crude was also shipped as far away as India and South Korea. India became a significant importer of Russian crude oil, buying 18% of the country’s exports (up from just 1%). From a big picture perspective, India and China now account for about half of Russia’s marine-based oil exports. It’s important to note that a broad mix of companies were involved in shipping this oil, with some of the companies tapering their trade activity with Russia over time. Even as shipments begin to shift away from Europe though, European tankers are still doing the majority of the shipping. Russia’s Liquefied Natural Gas Shipments Unlike the gas that flows along the many pipeline routes traversing Europe, liquefied natural gas (LNG) is cooled down to a liquid form for ease and safety of transport by sea. Below, we can see that shipments went to a variety of destinations in Europe and Asia. Fluxys terminals in France and Belgium stand out as the main destinations for Russian LNG deliveries. Russia’s Oil Product Shipments For crude oil tankers and LNG tankers, the type of cargo is known. For this dataset, CREA assumed that oil products tankers and oil/chemical tankers were carrying oil products. Huge ports in Rotterdam and Antwerp, which house major refineries, were the destination for many of these oil products. Some shipments also went to destinations around the Mediterranean as well. All of the top ports in this category were located within the vicinity of Europe. Russia’s Coal Shipments Finally, we look at marine-based coal shipments from Russia. For this category, CREA identified 25 “coal export terminals” within Russian ports. These are specific port locations that are associated with loading coal, so when a vessel takes on cargo at one of these locations, it is assumed that the shipment is a coal shipment. The European Union has proposed a Russian coal ban that is expected to take effect in August. While this may seem like a slow reaction, it’s one example of how the invasion of Ukraine is throwing large-scale, complex supply chains into disarray. With such a heavy reliance on Russian fossil fuels, the EU will be have a busy year trying to secure substitute fuels – particularly if the conflict in Ukraine continues to drag on. CONTINUE READING SUBSCRIBE Join the 300,000+ subscribers who receive our daily email Sign Up POPULAR MONEY2 weeks ago Mapping the Migration of the World’s Millionaires MARKETS3 weeks ago Visualizing the Coming Shift in Global Economic Power (2006-2036p) DATASTREAM3 weeks ago Ranked: These Are 10 of the World’s Least Affordable Housing Markets DEMOGRAPHICS2 weeks ago Mapped: A Decade of Population Growth and Decline in U.S. Counties MISC3 weeks ago Visualizing Well-Known Airlines by Fleet Composition MISC2 weeks ago Iconic Infographic Map Compares the World’s Mountains and Rivers MARKETS7 days ago Interest Rate Hikes vs. Inflation Rate, by Country ENERGY3 weeks ago Explainer: What Drives Gasoline Prices? ABOUT SUBSCRIBE VC+ MASTHEAD PRESS CENTER CAREERS CONTACT US FREQUENTLY ASKED QUESTIONS STORE USE OUR VISUALIZATIONS LICENSING ADVERTISE Copyright © 2022 Visual Capitalist
  2. Destroy America as quickly as possible......that seems to be the current administrations goal.... CL
  3. Egypt to build desalination plant in Iraq Egypt plans to build a desalination plant on the Euphrates River to help address acute water shortages in southern Iraq amid lack of rainfall and poor management of water resources. AHMAD AL-RUBAYE/AFP via Getty Images Mohamed Sabry @MohamedSabry079June 28, 2022 An Egyptian delegation of water treatment experts visited Iraq this month for talks with Iraqi officials on addressing an acute water crisis in the Arab country. The Ministry of Irrigation and Water Resources said June 20 that the Egyptian delegation discussed a proposal for building a water desalination plant on the Euphrates River. The station will be used to purify and desalinate seawater to help ease water shortages in southern Iraq. Minister of Irrigation Mohamed Abdel-Ati said the visit was part of an agreement between Cairo and Baghdad to benefit from Egypt’s expertise in water management. “Egypt and Iraq are keen on making the best use of their water resources amid challenges facing the two countries in the field of water,” he added. The proposed plant on the Euphrates River will be modeled on Egypt’s Bahr al-Baqar wastewater treatment plant, the largest of its kind in the world. The plant has a production capacity of 5.6 million cubic meters per day. Iraq was known in ancient times as Mesopotamia, or the land between two rivers — the Tigris and the Euphrates. The country is facing its worst drought in decades amid lack of rainfall and poor management of water resources. Iraq relies on the Tigris and Euphrates rivers for nearly all of its water needs. The two rivers originate in Turkey and flow to the Shatt Al-Arab basin in southern Iraq. While the Euphrates River crosses Syria and Iraq, the Tigris flows from Turkey into Iraq. Turkey contributes 90% to the Euphrates River while Syria contributes 10% to the water flow. As for the Tigris, Turkey, Iraq and Iran contribute 40%, 51% and 9%, respectively. Dams constructed by both Turkey and Iran on the two rivers, however, have either blocked or diverted water into Iraq, creating acute water shortages there. According to the Iraqi Ministry of Water Resources, the two rivers are forecast to dry up by 2040 unless action is taken to change the current trends. The country’s Sawa Lake already dried out this year, and Razzaza Lake is shrinking. Southern Iraq faces particularly serious water shortages. The lack of water flow out of the Tigris and Euphrates rivers combined with the rising sea level is pushing salt water from the Arabian Gulf into Iraq’s rivers. Prominent Iraqi environmentalist Azzam Alwash blames climate change for aggravating the current water crisis in Iraq. “The crisis is exacerbated by the increased salinity, rising sea level and lack of flow from the Tigris and Euphrates rivers into Iraq,” Alwash, founder and CEO of the environmental group Nature Iraq, told Al-Monitor. He said climate change causes temperatures to rise and leads to increases in the level of evaporation. The World Bank forecasts that a temperature increase of 1 Celsius would cause a 20% reduction of available freshwater in Iraq by 2050. “For instance, Lake Tharthar, one of the largest lakes in Iraq, loses around 7 billion cubic meters of water in evaporation every year,” Alwash added. According to the United Nations Environment Program, Iraq ranks as the fifth most vulnerable country in the world to climate change. Last year, the World Bank warned that southern Iraq is already exceeding “critical water quality thresholds,” often too contaminated for people to use. Abbas Sharaky, professor of geology and water resources at Cairo University, said Egypt has major expertise in water desalination and the reuse of wastewater from which Iraq can benefit. “There is a similarity in the water situation in both Iraq and Egypt,” Sharaky told Al-Monitor by phone. “While the Nile River, Egypt’s only source of fresh water, originates from outside the border in Ethiopia, the Tigris and Euphrates rivers on which Iraq relies originate from Turkey and Iran,” he said. “Both Cairo and Baghdad are engaged in disputes with upstream countries regarding the construction of dams on rivers without consent from downstream countries,” he added. Egypt and Ethiopia are at odds over the construction of a giant hydroelectric dam on the Blue Nile, a main tributary of the Nile River. While Cairo views the Grand Ethiopian Renaissance Dam (GERD) as an existential threat to its water share from the Nile, Addis Ababa sees it as vital to its economic development. Years of negotiations between Egypt, Ethiopia and Sudan to reach a legally binding agreement on the filling and operation of the GERD have failed to make any breakthrough. Egypt depends on the Nile River to meet 97% of its water needs, which amount to about 114 billion cubic meters annually. The country’s water resources, however, do not exceed 60 billion cubic meters annually, with a deficit of up to 54 billion cubic meters annually. The gap between water resources and needs is bridged by treating sewage and agricultural water with the aim of reusing it. The Egyptian government has adopted an ambitious plan to build dozens of plants for seawater desalination to help meet the country’s growing water needs. So far, Egypt has constructed 82 desalination plants, with a total water capacity of 917,000 cubic meters per day. The government is also planning to build 14 new desalination plants to raise the capacity of water to 1.4 million cubic meters per day. Egypt has also launched a project worth 80 billion pounds ($4.26 billion) for rehabilitating canals with total lengths of 20,000 kilometers. Sharaky said Egypt has state-of-the-art water research centers specialized in the hydrology of rivers and the development of irrigation and water supply systems. “Egypt has made long strides in building water treatment plants, the reuse of wastewater and constructing dams for harvesting rainwater, and Iraq can benefit from this Egyptian expertise in dealing with the acute water shortages in the country,” he said.
  4. Grandma always said..... "You can't fix stupid" Chaney will not be reelected.....the other loser is quitting because he knows he will never be elected again.. Pelosi will no longer be the Speaker... Biden will be impeached and/or 25thed... Harris will be leading the free world......isn't that an interesting thought..... The Star witness of yesterday will get 20 years... I'll stop for now..... CL
  5. 🤣🤣🤣🤣🤣🤣🤣🐇🐇🐇🐇 Good one...! Some clown prances in and takes over with the help of an opposing foreign country.. Oh snap.....they must be using that Trump blueprint... 😮😮🤣🤣🌹 CL
  6. There is no Judicial aspect to this hearing.... The hearing is a one sided sham event with no opportunity for rebuttal. There is no opportunity to present factual evidence such as Trump signing off on 20,000 National Guardsmen and then Pelosi and the DC Mayor denying that help.... Of course that type of info won't be allowed in this sham..... and the new Star witness....perhaps she'll find, or has been promised, a job at the "Circle Back Girls" network.... CL
  7. Most everyone with any familiarity with DC knows only the Limo is the Beast....the ground shakes when it rolls by... Who would testify when you know your comments will be cherry picked and there is no rebuttal in the process. This is a complete sham.... CL
  8. Pelosi's Old Man was a Democrat Mayor in Baltimore and Maryland Congressman....thus the family connection.... Kennedy was in Congress and then the Senate. The affair started when he was in the Senate. She was under age when it began. At the age of 21 she did attend his inaugural event in 1961....right close to the podium. The Kennedys always liked them young.. CL
  9. The "expert witness" specifically stated this happened in the "Beast"... Gee.....if that wasn't his ride that day... I guess her credibility is shot! CL
  10. Pondering the Leadership representing the left from a female perspective.... K Harris....VP....got her start sleeping with a married man twice her age. Was hired as VP only for her Gender and race... Pelosi.....did you know she had a 7 year affair with JFK? Pocahontas.....not really of Native American descent...although her education was paid for because of that lie....and of course the political career followed. HRC.....use your imagination....😮 And of course Sandy Cortez...she does mix a grand Long Island Ice Tea.....can't think of anything else? Are there any good ones? Post if you have any thoughts? CL
  11. The show goes on.... The assistant to the assistant is brought forward to say she heard someone tell her they heard something.....(Is she related to Vindman?) Supposedly.... Trump from the back of the limo tried to grab the steering wheel.. then choke a SS Agent...... Google the Presidental limo..."The Beast".... If you get to the interior pic's......not possible.... Of course in this "show trial"....just like the sham hurry up second impeachment.....there is no opportunity for the accused to defend themselves.....and in this case no follow up questions. Pure lunacy..... CL
  12. CENTRAL BANK SAYS IRAQ RANKS 30TH IN GOLD RESERVES PM:09:39:27/06/2022 1044 View Share Tweet + - SULAIMANI — The Central Bank of Iraq said on Monday (June 27) Iraq ranks 30th worldwide in its gold reserves and fourth in the Arab world. The bank said in a statement the country’s gold reserves have reached more than 130 tons. the statement also said Iraq has bought 34 tones of gold, increasing its reserves by 35 percent. Increasing the gold reserve is the goal of Iraq’s Central Bank. Iraq’s oil revenue has been increasing due to the high price of oil. In May, the country’s oil income topped $11 billion from exporting 102 million barrels. (NRT Digital Media)
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