At my local grocery store I demanded to pay only $1.50 for a case of Diet Coca Cola. Those fools refused to sell it to me at that price. /s
I told my local Exxon station owner (in my best authoritative baritone voice) that I have my own personal price cap of $3/gallon and that he better agree to it. I gave him a very stern look and he immediately caved saying “OK, you win.” I got my gas at $3 while all the suckers around me were paying $6.
So the EU is quite smart to set that price cap.
The price cap on Russian oil will not work, it will exacerbate the shortage in Europe. India and China will work around the cap while making hefty profits. Absolutely everything leftists do economically, socially and in terms of policy, backfire. Europeans will be very cold this winter.
We are witnessing the suicide of the West. It is going to get very, very ugly.
That's understatement. But, plenty here that parrot all of their claims about this proxy and sanction war.
EU = More Really Good timing with their idiots in charge!
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Travis McGee, Thanks for posting the above economic reality for the ETU, Euro Trashy Union versus Russia. Also, a reality lesson versus Harvard/Yale B$ and our MMS B$ers.
Oktoberfest may be AXED due to Putin gas crisis, and Bavarian breweries told to stop making BEER as it's revealed Germans must pay £1,000-a-year 'gas surcharge' ON TOP of bills and Hanover turns off hot water!
UK Daily Mail ^ | July 29, 2022 | Chris Pleasance
Posted on 7/29/2022, 9:01:31 AM by C19fan
Germany could be forced to scrap Oktoberfest celebrations and its famous Christmas markets as officials desperately search for ways to save energy after Russia began throttling gas supplies to Europe.
Hanover, yesterday became the first major city on the continent to announce it will turn off all hot water in public buildings to conserve energy, while Berlin has begun dimming streetlights and Augsburg has turned off public water fountains.
Although Europe is scrambling to get energy from elsewhere, any difficulties this winter could be a harbinger of worse to come if Russian gas supplies are completely severed and stay off through 2023, said France’s minister overseeing energy, Agnès Pannier-Runacher.
"If gas deliveries are cut by the end of the year, that will mean we’ll have a full year without Russian gas, so the following winter could be even harder," Pannier-Runacher told French senators.
G7, not G20. BRICS doesn’t care about a cap from the West. So doesn’t Iran and Venezuela, who would also be subject to the same cap.
They just don”t learn. Tried that in ‘79 and what happened? Gas lines and odd-even day rationing.