Daily Caller
Russia Has Mostly Managed To Dodge One Of Biden’s Key Energy Sanctions
From the Daily Caller News Foundation
By Nick Pope
Russia is dodging a U.S.-led sanction meant to limit its energy revenues by using a fleet of “shadow tankers” to sell oil at higher prices, according to The New York Times.
Led by the U.S., Western countries imposed a $60 per-barrel price cap on Russian oil after the Ukraine war started in February 2022, a policy proponents claimed would severely limit Russia’s ability to generate oil cash while falling sort of imposing onerous costs on developing countries. However, Russia has managed to sell about 70% of its oil sales above the West’s price by utilizing a fleet of “shadow tankers” — vessels that are unregistered or registered in nations that are not party to the price cap agreement — to dodge the restrictions, the NYT reported, citing a new report by the Kyiv School of Economics Institute.
In the first half of 2024, Russia managed to sell about 75 million barrels of oil each month using vessels with an average age of 18 years, according to the NYT. Russia spent about $10 billion to develop its “shadow tanker” fleet.
Ukraine Reportedly Sending Cooks, Mechanics To Frontlines Of War Against Russia As Manpower Problem Grows Worsehttps://t.co/aLDjzZsW9j
— Daily Caller (@DailyCaller) August 18, 2024
Moreover, ships that are a part of the Russian “shadow tanker” fleet or that are subject to sanctions for breaking the price cap carried a record amount of oil and related products in September, according to the NYT. Some of these vessels made deliveries to ports in China and India, buyers that have purchased considerable amounts of Russian oil despite the Western sanctions against Putin’s economy.
Some officials inside the Biden-Harris administration want to see the government take a harder line against the “shadow tanker” fleet to continue to squeeze Putin, but others are in favor of treading lightly out of concern that cracking down could put upward prices on energy prices with a pivotal presidential election looming, according to the NYT. More broadly, policymakers have been especially careful in how they’ve handled Russia’s energy industry given the risks of a hot war between Iran and Israel, which would likely drive prices up.
While the U.S. and allies will continue working on enforcement, Russia is still selling oil at suboptimal prices and spending billions on its “shadow tanker” fleet, meaning that the sanction is still a success even if it is being evaded to some degree, one U.S. official who requested anonymity to speak freely on the subject told the NYT.
The White House and the Department of the Treasury did not respond immediately to requests for comment.
Daily Caller
Key Trump Cabinet Nominees Face A Daunting Energy Policy Mess
From the Daily Caller News Foundation
By David Blackmon
Just so we can frame this for everyone in the room, China will build 100 new coal plants this year. There is not a clean energy race. There is an energy race.
After a week spent watching hours of the various Senate confirmation hearings for some of President-elect Donald Trump’s cabinet nominees, one compelling thought lingers with me more than any other: Does Democrat Sen. Mazie Hirono of Hawaii have a seat on every Senate committee?
The answer to that is “no,” but it seemed that way as the Senator began her questioning of nominees ranging from Pete Hegseth (Defense) to former Florida Attorney General Pam Bondi (Justice) to former Republican North Dakota Gov. Doug Burgum (Interior) to Chris Wright (Energy) by posing some iteration of the following question: “ … since you became a legal adult, have you ever made unwanted requests for sexual favors or committed any verbal or physical harassment or assault of a sexual nature?”
Sadly, Hirono’s farcical style of questioning turned out to be less of an exception than a rule among the Democratic members of these committees as the week wore on. Democrat Sen. Tim Kaine of Virginia ended his questioning of Hegseth by literally asking if he had ever beaten his wife, an obvious smear which Hegseth denied.
It was all sad to witness, a troubling indicator of the health of both the Democratic Party and the American Republic. But what it all revealed by Friday is that the Democrats are unlikely to claim any scalps from among this week’s slate of nominees. Where energy policy is concerned, that means that the three departments/agencies that are most impactful in that realm are likely to be led by former Republican Rep. Lee Zeldin of New York at the Environmental Protection Agency (EPA), Burgum at the Department of the Interior and Wright at the Department of Energy.
Seldom if ever in this country’s history have three more capable, knowledgeable and effective individuals been in positions of leadership to help reform and recover from the waste and misallocation of taxpayer dollars that have characterized President Joe Biden’s 4-year presidency.
I have written several times here that the inevitable outcome that will result from pretty much every aspect of the Biden Green New Deal policies will be to render America dependent on China for its energy security, due to Chinese dominance of global processing and supply chains for all forms of and raw materials for renewable energy and electric vehicles. This is obviously not a sustainable situation, and it is clear that Trump and his key nominees fully understand that reality.
U.S. dependency on foreign adversaries is not limited to China. One such area involving a different country holds high stakes related to the goal of a renaissance in nuclear power often touted by Republicans and some Democrats alike.
In a revealing exchange, Wright and Republican Sen. John Barrasso of Wyoming discussed America’s recent dependence on Russia, of all countries, for imports of enriched uranium. As Wright pointed out, this is a technology first invented in the United States, but our country has virtually no existing capacity for uranium enrichment today. This is, as Wright called it, “a sad state of affairs” that has been caused in large part by wrong-headed federal environmental and permitting policies.
Unfortunately, the Biden cure for this pressing energy security matter could be even worse. As U.S. and NATO sanctions have gradually shut down Russia’s exports of enriched uranium, the U.S. nuclear industry has become reliant on imports from — you guessed it — China.
“As those [sanctions] shut down Russian uranium … we see more imports from China,” Wright testified. “We need to get beyond that … without shutting down the nuclear power plants we have running today. It is an area that requires urgent action.”
In another revealing exchange, Trump’s nominee for Treasury Secretary, Scott Bessent, disagreed with Democrat Sen. Ron Wyden of Oregon about the Senator’s claim that the United States is involved in “an arms race on clean energy” with China.
“Senator Wyden, just so we can frame this for everyone in the room, China will build 100 new coal plants this year. There is not a clean energy race. There is an energy race,” Bessent replied. Truer words were never spoken, and it is impossible to win that energy race when the United States is increasingly dependent on China for its very energy needs.
These and other Trump nominees have an enormous mess to clean up from the profligate spending and waste of the Biden years. Fortunately for the country, their work begins Monday. Not a moment too soon.
David Blackmon is an energy writer and consultant based in Texas. He spent 40 years in the oil and gas business, where he specialized in public policy and communications.
Daily Caller
Sweeping Deportations to Begin in Chicago Day After Inauguration
From the Daily Caller News Foundation
By Jason Hopkins
President-elect Donald Trump is expected to launch his promised large-scale deportation operation the day after he is sworn into office, according to a report from The Wall Street Journal.
The incoming Trump administration will immediately begin mass deportation efforts in major sanctuary cities across the United States, with Chicago predicted to be first on the docket, according to The Wall Street Journal. The raid in Chicago is anticipated to begin Tuesday morning and last the entire week, with Immigration and Customs Enforcement (ICE) to deploy 100 to 200 agents to execute the operation.
Incoming border czar Tom Homan — who led ICE during the first Trump administration — previously told the Daily Caller News Foundation that the White House will focus on the “worst first,” prioritizing illegal migrants who have criminal histories and orders of removal. However, Homan also made clear that any illegal migrant in the U.S is fair game.
“Like the first Trump administration, we’re going to prioritize public safety threats, national security threats and fugitives,” Homan stated to the DCNF, adding that gang members and other criminals would be their main focus. “Those that had due process at great taxpayer expense, were given orders of deportation, never left and became a fugitive – them too, they’re a priority.”
“The ones who pose the biggest threat to the country – they come first. The worst first,” Homan went on. “But let’s be clear, if you’re in the country illegally, you’re not off the table.”
The Chicago City Council recently slapped down an attempt by two moderate aldermen to scale back the sanctuary city laws currently in place.
Aldermen Raymond Lopez and Silvana Tabares, both Democrats, proposed amending Chicago’s Welcoming City ordinance to allow for ICE cooperation when an illegal migrant has been arrested of certain criminal activities, arguing that such a policy would be a net benefit for the city’s immigrant community as it would allow deportation officers to better focus on criminals instead of making enforcement actions in the city at large. However, their proposal was quickly shot down by the council on Wednesday.
Other sanctuary cities in the U.S. have also expressed steep opposition to Trump’s enforcement agenda. Los Angeles passed its sanctuary law shortly after Trump emerged victorious in the presidential election, San Diego County doubled down on its existing law and Boston reaffirmed its sanctuary status in December.
Homan has said that city officials refusing to cooperate with ICE will not deter their agenda, and he added that those who knowingly harbor illegal migrants from law enforcement will be recommended for prosecution.
Along with large-scale deportation operations, Trump has also vowed to end birthright citizenship for those born on U.S. soil by illegal migrant parents, resume construction on the U.S.-Mexico border wall, bring back the Remain in Mexico program and implement other hawkish policies.
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