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To: BeauBo
Hello, there is every time there is a recession. The oil market is characterized by such boom and bust cycles of supply, demand and price.

In recession, this one CAUSED by the sanction war, the one thing the masses MUST pay for is gas to heat their homes and to put in their cars. There isn't a choice.

And, just because Europe is in a recession doesn't mean the other nations buying Russian oil are, including India and China.

92 posted on 09/06/2022 9:14:26 PM PDT by Kazan
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To: Kazan

India and China are heavily dependent on trade with the West. Russia doesn’t have the GDP to be more than a minor replacement. Further, while India is behaving relatively sensibly, China seems to be committed to a downward spiral into ever-increasing authoritarianism. That’s NOT a recipe for economic success.


94 posted on 09/07/2022 4:29:27 PM PDT by Paul R. (You know your pullets are dumb if they don't recognize a half Whopper as food!)
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