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Old 03-29-2021, 07:04 PM
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You didn't bother to supply the link, so HERE it is. Maybe you could have summarized what Pravda is saying as it certainly is a reliable source, right?

Quote:
At the end of 2020, the United States increased imports of Russian oil and petroleum products to a maximum since 2011, the Energy Information Administration (EIA) said.

The USA buys 538,000 barrels per day, which marked a yearly increase of 3.5 percent to 7 percent of total purchases. Russia has thus become the second largest exporter of oil and oil products to the United States, having displaced Saudi Arabia from this position.

The record was primarily achieved due to exports of petroleum products, since oil exports from Russia to the United States in 2020 fell by 45 percent to 73,000 barrels per day (8th largest oil supplier to the United States).


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In summary, the numbers being discussed are through the end of 2020, having nothing to do with any decisions since that time. And oil imports in the US from Russia dropped in 2020, certainly in large part because of reduced demand from Covid.

Quote:
According to Bloomberg, Exxon Mobil Corp., Chevron Corp., Valero Energy Corp. accept Russian oil at their refineries in Texas and Louisiana.

According to the agency, this is due to the embargo on the imports of Venezuelan fuel oil, which the USA replaces with Russian fuel oil, but not with raw materials from other countries, since US refineries can use fuel oil of certain consistencies.


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Now PennBP explain how those facts relate to the recent increase in gasoline prices?