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NEWS AND VIEWS THAT IMPACT LIMITED CONSTITUTIONAL GOVERNMENT

"There is danger from all men. The only maxim of a free government ought to be to trust no man living with
power to endanger the public liberty." - - - - John Adams

Tuesday, June 28, 2022

Biden Fail - Russian Oil Bails Out Sri Lanka



Drug Wars or Oil Wars 
They are always a failure.
Just ask Iran and Cuba 


A broke and extremely cash-strapped Sri Lanka halted all fuel sales except for essential services in a desperate attempt to manage a severe fuel shortage -- allowing the government to buy some time and send two government officials to Russia to negotiate a fuel deal. 

"From midnight today, no fuel will be sold except for essential services like the health sector, because we want to conserve the little reserves we have," government spokesman Bandula Gunawardana said in a pre-recorded statement, obtained by AFP News



While the government said talks were held with the IMF, India, China, and Japan for new credit lines, negotiations to purchase heavily discounted Russian crude oil are set to begin this week. 

Power and Energy Minister Kanchana Wijesekera said the two ministers would arrive in Russia early this week to continue talks about directly purchasing Russian fuels, according to AP News

"There is an advantage for us if we could buy oil directly from the Russian government or the Russian firms. There are talks going on," Wijesekera told reporters Sunday.

Earlier this month, Sri Lanka turned to Russia for cheap oil to purchase crude roughly $30 below the international spot price. The South Asian country said it received 90,000 tons of Russian crude but will need a lot more. 

Zerohedge.com

Embargos Have Failed
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Napoleon's Continental System

Simply, blockades or embargoes are mostly failures.  The British navy blockaded France under Napoleon.  France in turn embargoed trade with Britain.  The only real result was minor damage to the economies of both sides.  The wars themselves went on and on and on.
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Thomas Jefferson's Embargo  -  Jefferson's worthless embargo against Britain was meant more to punish his Federalist Party enemies than the English.  Britain laughed at Jefferson and kept right on with their policies.
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World Wars I and II  -  Germany was cut off from foreign trade in both world wars.  In neither case did it really impact the Imperial or Nazi German war machines.
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Japan Embargo  -  FDR's embargo actually caused the Japanese Empire to roll the dice, attack Pearl Harbor and invade the Philippines.  FDR wanted the U.S. to go to war.  Some speculate that FDR's embargo was designed to encourage a Japanese attack.

Cuban Embargo  -  This embargo has been going on longer than most Cubans or Americans have even been alive.  Again, the embargo has been a total failure.  The Cuban government has proven they don't need trade with the U.S. to exist. 


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