Posted on 10/13/2022 10:41:42 AM PDT by Kazan
Putin totally gets it. He knows exactly how the Dems and the Deep State operate. He is killing yet another “Russia conspiracy theory” before it even starts.
Chuckle.
Well this sucks! Putin makes more economic sense than our idiot-in-chief and his merry band of morons.
Groan.
He either totally misunderstood the quote or misrepresented economics. The oil cap is price fixing among purchasers not sellers. An agreement among oil buyers to not pay more than a set amount. Like OPEC+ but for purchasers.
But, in the end Putin’s point is valid just not for the reason given. Sanctions and purchase price fixing wont work due to black markets.
Drill Baby Drill
Too funny. Putin comes off as more of a capitalist than Biden and the rest of the neomarxist socialists.
Putin seems to fully understand the idiocy of US deep-state/corporate media.
Scratch a Zeeper and you will find a Log Cabin Republican with a log in his cabin.
Milton wasn’t referring to price caps on just one producer.
Non Russia producers will still enjoy a market price and will adjust production accordingly.
Black markets work with pot and fentanyl, but not with ocean tankers full of oil. Too much visibility.
Putin's right on this...
No right thinking Conservative would ever side with either Biden, or price caps.
And with that said, Putin's quoting Milton Friedman is I believe, very disingenuous. Putin had every intention of using natural gas as a weapon, to drive a wedge between Europe and America in regards to the war in Ukraine.
As far as I'm concerned, Europe is getting what they asked for. Legit President Trump warned them against relying on Russian gas. Trump was right - again. Germany and the rest of Europe were wrong.
Yes, yes. But why not just sell the oil to another oil producing country and they can act as a middle man and turn around and resell the oil at the market rate?
Further, it sickens me to my core that Biden is using Ukraine and ginning up the conflict with Russia to distract from his money laundering scheme with Ukraine from getting exposed.
That we may in fact be on the verge of WW3 because of an incompetent, incontinent, corrupt, dementia addled idiot that allegedly 81,000,000 people voted into office pisses me off to no end.
At the very least, that middle man is going to want severe discounts both to make a profit and to compensate for the risk of violating a UN sanction.
And oil flows can still be largely monitored. So it’s doubtful they could get away with much.
and if they middle man understands nobody else is going to be offeing more than the cap. They can position their bid to the lowside.
And oil flows can still be largely monitored.
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Those monitoring will look the other way to get cheaper oil.
Good luck trying to defeat economics.
and if they middle man understands nobody else is going to be offeing more than the cap
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Wow! Thanks for letting me know that communism can work! You finally found how.
I don’t understand price caps:
Putin: the price is $80 per barrel
Euro weeny: We have decided to institute a price cap of $50/barrel. We want 10 million barrels.
Putin: Rikiight... Tell you what, I’ll just sell my oil at $85/barrel somewhere else. You get nothing.
Euro weenie: But, but... you can’t do that! You must follow international conventions and sell to us at the price we define.
Putin: Suuure.. let’s chat next spring after winter is over. If you buy our Vodka you’ll feel warmer.
What am I missing here? How can the EU impose a price cap? I don’t see how it makes sense or how is it enforceable,
“What am I missing here? How can the EU impose a price cap?”
Europe sets a ‘cartel’ buying price of $50. Just meaning they agree not to buy “Russian oil” at more than $50. So Russia sells it to another buyer for say $75 or a little under market then they sell this rebranded “Turkish oil” or “whatever oil” to Europe at market price and collect the difference as their fee to transship Russian oil. Everybody wins. It’s Adam Smith’s “Invisible Hand” of capitalism. It beats politicians almost every time.
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