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EU Schedules Permanent Ban on Russian Import Oil for Three Days After Hungarian Election

I guess we can put this in the open admission file surrounding the all-out effort by the European Union to defeat Hungarian Prime Minister Viktor Orban.

According to a leaked document received by Reuters, the European Union is scheduled to permanently ban all EU nations from importing Russian oil.  They have scheduled the ban to trigger on April 15th, three days after the Hungarian election.

BRUSSELS, Feb 24 (Reuters) – The European Commission will submit a legal proposal to permanently ban Russian oil imports on April 15, three days after Hungary’s parliamentary election, according to EU officials and a document seen by Reuters.

Two EU officials told Reuters the timing was designed to prevent the oil ban becoming a major factor in Hungary’s election campaign. Hungary and Slovakia, still reliant on Russian oil imports, are strongly opposed to any ban.

In the April 12 election, Hungarian Prime Minister Viktor Orban and his nationalist Fidesz party are facing the biggest challenge to their hold on power in 16 years.

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Ukraine (EU) Strikes Russian Oil Pumping Station that Transmits Oil into Hungary and Slovakia

The Ukraine military, technically and non-pretendingly accepted as the EU military, has targeted a key oil pumping station in Russia that feeds into the westerly directed oil supply.  However, if you stand back from the western media, what you will notice from this attack is not the target in Russia, but the customers at the end of the pipeline in Europe, mainly Hungary and Slovakia.

[…] Through local stations, including infrastructure around Kaleykino, oil from Tatarstan and neighboring regions feeds into the main pipeline, which runs through the Samara region and continues westward toward Belarus and further to countries in Eastern and Central Europe. […] There were also earlier reports that Ukrainian forces carried out several attacks on Druzhba pipeline infrastructure inside Russia, which at times disrupted Russian oil supplies to Hungary and Slovakia. {source}

So, what’s going on here?

Well, with the anniversary of the Russian Federation beginning the war into Ukraine, the Europeans who now control the military operations inside Ukraine are targeting European countries who do not align with their bloodlust, specifically Hungary and Slovakia.

Both Hungary and Slovakia are land locked countries without easy access seaports. Because of their geographic locations, they rely on Russian oil and gas for their energy needs.  Hungary and Slovakia have not wanted to expand the war against Russia.  The EU is demanding Hungary and Slovakia agree to expanded war.

The European ‘coalition of the willing’ is now targeting key Russian infrastructure that supplies energy products to European countries who are not in compliance with the EU dictates of war.

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Europe Retreats from Climate Change During International Energy Agency Global Meeting

According to the Washington DC spin, the various EU energy ministers changed clean energy justification of ‘climate change’ during the International Energy Agency (IEA) summit because they were concerned the U.S. would pull out of the IEA group.  The IEA shifted to green energy as a security priority, no longer concerned with climate change.

However, given the situation with European energy costs and the severe problems they are having within their collective and individual economies, what they consider “national security” appears to be their need to control public outrage at the green energy consequences.

Affordable or ‘cheap’ energy production is directly linked to the underlying economy.  If energy production costs more, heating, electricity, fuel, transportation, just about everything costs more.  Energy prices drive consumer prices and that has become a serious problem for the U.K and EU who have chased the “Build Back Better” global energy reset.

With President Trump targeting reciprocity in a global trade balance, suddenly the economies of Europe, Canada and parts of Asia are feeling the impact.  Industrial manufacturing in Europe continues dropping and various sectors like the automotive manufacturing showcase the contraction.  The Gross Domestic Product (GDP) or economic output within each of the contracting nations is putting hard data behind the problem.

Suddenly, with their economies now quivering, the IEA meeting in Europe drops the climate change objective as justification for their ‘renewable’ energy programs.  They blame the USA, but in reality, they appear to be trying to save themselves from feeling the full consequences of their action.

(POLITICO) – […] Ministers, senior officials and ministerial advisers told POLITICO that the event had cemented a long-running rebranding of the green transition that emphasizes the security benefits of renewables rather than their climate-saving potential. It’s a change that has been slowly building since U.S. President Donald Trump returned to office 13 months ago, and that was turbocharged by Wright’s threats on Tuesday to quit the IEA and fears Washington might stop funding the body. The U.S. provides around 14 percent of the IEA’s funding.

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President Trump Expresses Disappointment and Determination

President Trump reacts to the Supreme Court ruling with much the same perspective of many MAGA supporters.

For most of us the core of MAGA policy surrounds economics; specifically, GDP growth, jobs and wages. Economic security is national security. Immigration enforcement, border security and other priorities come after MAGAnomics.

PRESIDENT TRUMP“The Supreme Court’s Ruling on TARIFFS is deeply disappointing! I am ashamed of certain Members of the Court for not having the Courage to do what is right for our Country. I would like to thank and congratulate Justices Thomas, Alito, and Kavanaugh for your Strength, Wisdom, and Love of our Country, which is right now very proud of you.

When you read the dissenting opinions, there is no way that anyone can argue against them. Foreign Countries that have been ripping us off for years are ecstatic, and dancing in the streets — But they won’t be dancing for long! The Democrats on the Court are thrilled, but they will automatically vote “NO” against ANYTHING that makes America Strong and Healthy Again. They, also, are a Disgrace to our Nation.

Others think they’re being “politically correct,” which has happened before, far too often, with certain Members of this Court when, in fact, they’re just FOOLS and “LAPDOGS” for the RINOS and Radical Left Democrats and, not that this should have anything to do with it, very unpatriotic, and disloyal to the Constitution. It is my opinion that the Court has been swayed by Foreign Interests, and a Political Movement that is far smaller than people would think — But obnoxious, ignorant, and loud!

This was an important case to me, more as a symbol of Economic and National Security, than anything else. The Good News is that there are methods, practices, Statutes, and other Authorities, as recognized by the entire Court and Congress, that are even stronger than the IEEPA TARIFFS, available to me as President of the United States of America and, in actuality, I was very modest in my “ask” of other Countries and Businesses because I wanted to do nothing that could sway the decision that has been rendered by the Court.

I have very effectively utilized TARIFFS over the past year to MAKE AMERICA GREAT AGAIN. Our Stock Market has just recently broken the 50,000 mark on the DOW and, simultaneously, 7,000 on the S&P, two numbers that everybody thought, upon our Landslide Election Victory, could not be attained until the very end of my Administration — Four years! TARIFFS have, likewise, been used to end five of the eight Wars that I settled, have given us Great National Security and, together with our Strong Border, reduced Fentanyl coming into our Country by 30%, when I use them as a penalty against Countries illegally sending this poison to us. All of those TARIFFS remain, but other alternatives will now be used to replace the ones that the Court incorrectly rejected.”

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President Trump Holds a Press Availability on the Issue of Tariffs – Livestream

President Donald Trump delivers remarks and holds a media availability following the Supreme Court 6-3 decision on the meaning of the word “regulate.”  WATCH:

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Supreme Court Rule 6-3 Against President Trump’s IEEPA Tariff Authority – The “Regulate” Opinion

The frustrating issue with the Supreme Court ruling [SEE HERE] is not simply the legal logic applied, which essentially boils down to actionable definitions surrounding the word “regulate,” but also the high court’s seeming blindness to the “emergency” part of the reason IEEPA was used.

Economic security is national security, and the hollowing out of our ability to independently sustain our national economic system posed a real and substantive threat to our nation.  The court never evaluated the ‘urgency’ behind the International Emergency Economic Powers Act (IEEPA) as used by President Donald Trump.

Instead, the court began their legal analysis by seeking to define the word “regulate” as it applies to IEEPA.  Part II–B, concluding: (a) IEEPA authorizes the President to “investigate, block during the pendency of an investigation, regulate, direct and compel, nullify, void, prevent or prohibit . . . importation or exportation.” §1702(a)(1)(B) under the Act.

The majority of the court decided presidential ability to levy countervailing duties is not part of the ability to “regulate” importation.

In the opinion of the court, the President can block imports, nullify imports and prohibit imports, but the president cannotregulate” imports through the use of tariffs.  This is the representative logic of a John Roberts court, the voice of Bush Inc.

It is what it is – and many of us saw this nonsense as a likely outcome, but it is still frustrating to see such a detached parseltongue approach to legal opinions when the national security of our nation is at stake.  These are the judicial minds who will watch the nation burn to the ground, just so they can remain in power ruling over the ashes.

Chief Justice John Roberts and Justices Amy Coney Barrett and Neil Gorsuch joined the court’s three liberals in the majority.  Justices Brett Kavanaugh, Samuel Alito and Clarence Thomas dissented.

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President Trump Gives Speech on the Economy from Rome, Georgia – 4:00pm Livestream

President Trump travels to Rome Georgia today to deliver remarks on the economy from Coosa Steel Corporation. The anticipated start time is 4:00pm ET. Livestream Links Below.

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Strong Possibility of SCOTUS Ruling on President Trump IEEPA Tariffs – Friday, Tuesday or Wednesday

The high court has indicated it will be releasing opinions on one or more of the previously argued cases on Friday February 20, Tuesday Feb 24, or Wednesday Feb 25.  The decision over tariffs triggered by President Trump using the International Emergency Economic Powers Act (IEEPA) is one of the decisions now considered highly likely to surface.

If the decision doesn’t come this Friday, a rather interesting situation unfolds.  The following week falls into the Tuesday Feb 24 State of the Union address.

Typically, several Supreme Court justices sit in front row of the House floor during the speech.  The decision could be released on the morning of the speech, or justices could actually sit in the audience – knowing the outcome and the morning after the State of the Union address, the ruling could be released.

Now, there is a possibility the ruling will not come out in this cycle, but that is diminishing possibility considering the length of time the Supreme Court has sat on this opinion.

The court knows the importance of this decision, and they obviously know the State of the Union speech is scheduled to be delivered on Tuesday the 24th.  This will be an interesting dynamic to watch unfold.

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Canadian Prime Minister Pitching Global Trade Rules Agreement to Combat Trump – Connecting Trans-Atlantic to Trans-Pacific

There is an awful lot to unpack in this seemingly obscure article talking about Canadian Prime Minister Mark Carney and a new trade approach he is pitching to Pacific/Asia and Atlantic/European nations. [Story Here]

Before getting to the substance of the outline, something important needs to be shared for context.

Do you remember the 2014, 2015 and 2016 top story conversations and debates over the Transpacific Partnership trade deal known as TPP?

You might also remember the Transatlantic Trade and Investment Partnership trade deal known as TTIP.

The TPP (Pacific) and TTIP (Atlantic) were two major multinational trade deals negotiated between 2013 and 2016. While both sparked plenty of debate, most of the spotlight was on the TPP, the Trans-Pacific Partnership.

Hillary Clinton was in favor of TPP as were most of the traditional republican field of candidates in ’15/’16.  However, Donald Trump was strongly against TPP and pledged to exit out of any negotiations and scrap the U.S. participation if he was to win the 2016 election.  Some of you may begin to remember this.

Donald Trump agreed with our position, that TPP was being falsely sold as a beneficial 12-nation massive trade agreement between the USA and pacific rim countries including Australia and Southeast Asia nations.

With the history of NAFTA behind us, we could see two major issues with TPP:  #1: It was structured with a back door to let China into the deal. And #2) it was created to ensure the USA remained a “service driven economy.”

Supporters of TPP and TTIP claimed this multinational trade deals would create smooth supply chains and align on ‘rules of origin.’ They believed TPP would benefit companies and lead to cheaper products. Critics, however, argued that the agreements were designed to exploit the U.S. consumer market and prevent the country from ever regaining a strong manufacturing base.

I share those reminders to set up the big 800-lb gorilla question.

If the TPP was such a great trade deal for all parties involved, why didn’t the group finalize it after the USA withdrew? It’s been a decade, so why haven’t the TPP nations completed their trade agreement?

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Canadians Embrace Cheap Chinese Electric Vehicles

While the government of Canadian Prime Minister Mark Carney has inked a trade agreement with China to accept cheap imported vehicles in exchange for Beijing purchasing some agricultural products, President Trump has promised those cheap Chinese EVs will never cross the border into the USA.

The Canadian polling on the issue has done a remarkable chang in the past few years.  Now, the majority of Canadians are willing to purchase cheap Chinese EVs. As outlined by Bloomberg, “More than half of Canadians, or 53%, say that knowing an EV was made in China would have no effect on their purchasing decision, according to a new poll by Nanos Research Group for Bloomberg News.”

Approximately 50,000 Chinese electric vehicles will enter the Canadian market in the first year. “The pact with China includes a provision that part of the quota will be reserved for electric vehicles priced at C$35,000 ($25,700) or less, the government has said.” {SOURCE}

The Canadian government wants a Chinese auto manufacturer, any Chinese auto manufacturer, to build factories in Canada to produce these electric vehicles.  Canada wants the jobs and economic activity because Canada is currently bleeding jobs and economic activity due to the trade conflict with the U.S.

Building cheap Chinese EVs in Canada might help offset a few thousand job losses, but building Chinese EVs in Canada only further ensures there will not be a substantive trade agreement between the USA and Canada once the USMCA (CUSMA) is dissolved.  [More on that coming]

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