Posted on 01/07/2024 8:52:30 AM PST by USA-FRANCE
There are currently two wars that Russia is fighting: the kinetic one in Ukraine that receives all the attention—or at least received all the attention before the Gaza Crisis—and a financial one that remains relatively unnoticed. This hidden economic crisis is actually more important and relevant, and how Putin decides to address it will determine the outcome of the war on the field.
While I’m no Russian fan-boy, their economy grew last year about 3% based on all I’ve read with their bigger partnerships including China and Turkey.
Again? This headline is written every two weeks.
Yes, but China and India pay a steep discount.
French Economy Unexpectedly Shrinks, November 30, 2023, Bloomberg
Frogs have been screwed by Macron, ...
as usual.
Russia’s economy is collapsing again. I’ll be damned, 3rd or 4th time in the last several months.
The entire goal of Russia-Ukraine was to damage both the USA and Russia to the point the EU and United Nations could take the lead.
Fortunately Americans told their Gov we don’t want to be involved in Ukraine.
Their original plans fell apart.
Global “Executive Orders” are their backup plan.
The battlefield and economic sides of the conflict both suffer from "the fog of war". The reported Russian economic numbers are made up. While the news reports them, no one making decisions believes them. The economic side of the conflict is to make the war so costly for the Russian economy and weapons production they can't keep up or afford it.
Canada's Trans Mountain pipe expansion to disrupt oil flow to US, boost prices
CALGARY, Sept 19 (Reuters) - Canada's Trans Mountain oil pipeline expansion (TMX), which will nearly triple the flow of crude from Alberta to Canada's Pacific Coast beginning early next year, will shake up North America's supply by diverting barrels now mainly delivered to refiners and exporters in the U.S. Midwest and Gulf Coast.
https://www.reuters.com/markets/commodities/canadas-trans-mountain-pipe-expansion-disrupt-oil-flow-us-boost-prices-2023-09-19/
The Canadians have already made other arrangements.
That would be the smart thing to do.
However, it would also reduce US oil production too.
Many of the US wells are not profitable under $50/barrel.
Alberta producers get less than the US wells because of the limited pipeline capacity out of there. Which has always been the reason behind Keystone.
The US shale producers are fine pumping at $73/barrel.
Saudi keeps reducing output because demand in China is so low.
China’s economy is practically shut down.
They are dumping cars into Africa and other places because they can’t sell them at home. The reports of the Chinese economy are all bad. There will be a wave of business failures this year.
This means OPEC has to reduce output because Russia, Iran, and others are selling as much as possible. So, the price of oil might remain soft because of the Asian economy sucks.
And, China and India sell the oil back to the moronic Europeans at much higher prices. So, the real losers in the sanction war are European countries participating in the sanction war with Russia.
Today's Scholz, Macron and the EU kids are indeed moronic. And they are buying....
Germany Still Trades Russian Gas as Canceling Costs €10 Billion Bloomberg, 19 October 2023German state-owned company resumes trading in Russian LNG TVP World, 23 September 2023
Europe has increased its imports of Russian gas by sea, regardless of the war in Ukraine Le Monde, 13 September 2023
Why the EU is still buying Russian energy? Deutsche Welle via YouTube, 19 October 2023
French energy giant Total 'funding Russia's war machine', claims NGO Euro News, 10 October 2023
Spanish imports of Russian gas jump in May, nearly 28% of total Reuters, 10 July 2023
Spain and Belgium increased Russian LNG imports, study finds EU Observer, 31 October 2023
Without Plan B, Europe Clings On To Russian Oil & Gas Forbes, 1 September 2023
And, China and India sell the oil back to the moronic Europeans at much higher prices. So, the real losers in the sanction war are European countries participating in the sanction war with Russia.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Europe is now also buying energy massively from America. That’s excellent for America’s economy. Do you think Europe is moronic because it lets America earn a lot of money?
I think that is what allies are supposed to do! Right?
Trump wanted Europe to buy more US energy... well now it’s happening. America and Europe coming together more than ever.
Everyone needs to watch the video on YouTube I just watched.
It was posted yesterday by China Observer.
It is titled:
Finished! Unable to Sell Anything, Domestic Demand Dead, 70% Low Priced Overseas Dumping.
It is all about how bad the domestic economy is in China. So bad, that they can’t sell basic items like clothing and cars.
They have been planning this pipeline for years.
That is because there is only ONE pipeline currently going west from Alberta.
That pipeline currently goes to Vancouver.
It is being doubled in size too.
The eventual effect the construction of both pipelines will have is to lower the cost of oil on the Pacific coast of the US and Canada.
This is bad news for the oil producers in Alaska.
It is good news for consumers in WA, OR, Idaho, CA, Japan, South Korea, China and other places reached by oil tankers in the Pacific.
I prefer to be wholly energy independent; and sell anything beyond that on the open market. It’s a win-win for the US.
I went through the video.
It is largely worthless, with the British accent guy spending way too much time not understanding the difference between crude oil and gasoline or diesel.
Thus, the reason we blew up the Nord Stream pipelines. The war in Ukraine is and always has been about $$$.
The problem is the same globalist a-holes behind the war in Ukraine are leading an assault on fossil fuel. If Biden get back into office, he'll restrict this country's oil production like we've never seen.
I think the ideal thing would be to have cheap, stealthy drones that can find the enemy targets and pinpoint their position, then use precision guided munitions to take them out.
If that’s true, the Russian’s are still losing the most. They are selling oil at a steep discount. The Indians and Chinese are selling at market rate. So Indians and Chinese are making money, Europe is breaking even, and Russia is losing money.
Trust Bidenomics /s
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