Part 1 Washington can’t get out of its own way – that’s for sure. After recklessly depleting the nation’s SPR (Strategic Petroleum Reserve) to just 23 days of supply, or the lowest level since the early 1980s, OPEC has now administered a 2 million barrels per day (mb/d) slap in the face.
That is to say, the approximate $1 per gallon drop in gasoline prices since mid-June, which on the margin was facilitated by dumping 1 Mb/d of artificial SPR crude supply into the world market, will presently start marching back uphill. By November 8th Joe Biden will be left high and dry – with angry voters at the polls and a humiliating rebuke by the entire membership of OPEC when it comes to his misbegotten Sanctions War on Russia.
That’s right. OPEC sided with Russia and its own interests, meaning that oil will be heading back to $100 per barrel and gasoline to $5 per gallon for one reason and one reason alone: Namely, owing to the aftershocks of Washington’s sick crusade against the demonized Putin and the vilification of anything and everything Russian.
These sophomoric foreign policy carbuncles, rampant on the banks of the Potomac, have self-evidently and drastically roiled the world’s energy balance. And this disorder is set to get progressively worse when the EU embargo on all seaborne Russian crude oil takes effect on December 5, followed by the virtual certainty of a fiasco resulting from the planned global price cap on Russian oil being aggressively flogged by the Biden Administration.
So the question recurs. What in the world could be so almighty important about the territorial squabble and civil war in east and south Ukraine to justify what amounts to an economic war on the world’s dollar based trade and payments system?
The latter, of course, was the source of the present day prosperity both internationally, and here at home. But in thrall to the diabolical neocon proposition that all property and international commerce is fair game for its hegemonic and statist ends, Washington is now wantonly bringing misery not just to the people and economy of Ukraine, but to the entire global community including the American people.
In this context, let’s cut to the chase. Washington’s proxy war on the ground in Ukraine and Sanctions War on global commerce is not about the high-minded principles – the rule of law and sanctity of borders– ballyhooed by fools like Antony Blinkin. For crying out loud, even if it were, the serial and egregious violator of these principles domiciled on the banks of the Potomac should be the last one to raise the issue.
But, alas, they are not. As we have documented time and again, these grand principles do not apply in any case because there never has been a stable nation-state called Ukraine. Accordingly, what is happening now is not an "invasion" across a legitimate borders, either.
To the contrary, much of the territories which comprise present day Ukraine have been been joined at the hip with mother Russia for most of the last three centuries: During Imperial times that was via old- fashioned vassal protection and sponsorship and during the brutal rule of the Soviet communists between 1922-1991 it was via totalitarian command.
But remove the dastardly work of Lenin, Stalin and Khrushchev during the latter interval, and nothing like today’s map would exist, nor would Washington be starting a global economic war and triggering $5 gasoline prices. That’s because the four territories "annexed" by Russia last week would already have been integral parts of Russia!
For want of doubt here are sequential maps that tell the story and which make mincemeat of the Washington sanctity of borders malarkey. In fact, the approximate territory of the four annexed regions – Donetsk, Luhansk, Kherson and Zaporizhzhia – plus Crimea are evident in the yellow area of this 220-years ago map (@1800).
Collectively, they were known as Novorossiya or "New Russia" and had been acquired by Russian rulers, including Catherine the Great between 1734 and 1791.
Click for Full Text!