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
‘This Is So Disgusting’: Joe Rogan Unloads On Gavin Newsom For ‘Creepy’ Behavior In Front Of Wildfire Wreckage
From the Daily Caller News Foundation
By
Podcast host Joe Rogan slammed Democratic California Gov. Gavin Newsom on Thursday and condemned remarks that Newsom made amidst the still active and devastating wildfires.
Those fires erupted in the coastal town of Pacific Palisades in Los Angeles County and subsequently spread to Altadena near Eaton Canyon. “The Joe Rogan Experience” host criticized what he said was Newsom’s inappropriate demeanor and how he timed his comments, especially as affected families grappled with the total loss of their homes and personal memories.
“The governor gave this creepy speech where he was talking about speculators coming in. And talking about what to do with the land of all these homes that have been burnt down. It’s still only 6% contained. He did this little dance like I’ve been talking with these, you know, with the governor of Hawaii about what to do. We got some ideas,” Rogan said.
Rogan also said that there are broader issues of mismanagement in California’s approach to wildfire prevention and response. He criticized the state for not taking preventative measures like brush clearing and reservoir management.
“The fire insurance pulled out of California like, I think, like 69% of fire insurance pulled out of California because they’re, like, this is too crazy. Like you guys aren’t doing jack to manage this. You’re not clearing the brush. The amount of money they could have saved by just clearing brush. By filling the reservoir, that 11-million-gallon reservoir was completely empty during the time of full fire season. Like, why didn’t you fix that?” Rogan asked.
As Los Angeles County battles wildfires, Newsom faces intense online criticism for his odd shuffle during a local television interview. On Monday, the governor appeared on Los Angeles’ Fox affiliate, discussing the crisis amidst the scorched ruins.
Newsom, while addressing the likelihood of property speculators targeting fire-stricken neighborhoods, smiled broadly and performed a shoulder shimmy.
Rogan said Newsom behaved in a manner that was “disgusting”
Business
Google Rejects Eurocrats’ Push For More Censorship
From the Daily Caller News Foundation
By Ireland Owens
Google soundly rejected the European Union’s push for the platform to censor content Thursday, declaring that it would not implement so-called “fact-checks.”
The tech giant told the EU that it would not incorporate fact checks into its search results and YouTube videos, Axios first reported. Google’s President of Global Affairs Kent Walker wrote a letter to Renate Nikolay, deputy director-general for Communications Networks, Content and Technology at the European Commission, stating the fact-checking required by the law “simply isn’t appropriate or effective for our services.”
The European Commission’s Code of Practice on Disinformation, which was introduced in 2022, would require Google to incorporate fact-check results alongside its search results and YouTube videos and would also require it to incorporate fact-checking into its ranking systems and algorithms, Axios reported.
Axios’ report comes after Meta CEO Mark Zuckerberg announced on Jan. 7 that his company was ending its third-party fact-checking program in favor of implementing community notes. Meta’s announcement states that Meta’s platforms are “built to be places where people can express themselves freely.” Zuckerberg said that his company’s approach to content moderation often resulted in “censorship,” NPR reported.
Zuckerberg recently criticized the European Union’s data laws as “censoring” social media. The EU has rejected his claims as “misleading.”
Some people have criticized some major tech companies, claiming that they have censored conservative speech. Missouri Attorney General Andrew Bailey announced in October the launch of an investigation into Google for allegedly censoring conservatives.
Zuckerberg criticized Biden officials for pushing Meta to remove content that the Biden-Harris administration alleged to be disinformation during a recent appearance on the “Joe Rogan Experience” podcast.
President-elect Donald Trump has pledged to combat social media censorship.
In December, Trump announced that he was nominating Andrew Ferguson to lead the Federal Trade Commission, stating that Ferguson “has a proven record of standing up to Big Tech censorship, and protecting Freedom of Speech in our Great Country.”
Minnesota Republican Rep. Tom Emmer said in a post on X that Google’s decision was a “step in the right direction,” adding “Kudos to @Google.”
A source with knowledge of the matter confirmed to the Daily Caller News Foundation that the content of Google’s letter as reported by Axios was accurate.
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