Russia: “How about ‘NO!’l
Russia sells enough oil to non western countries, they don’t need the west. Same with their food, fertilizer, grains, metals, commodities. The only thing this western oil price cap will do is drive up the price and create more shortages.
The West shoot’s itself in the foot , again and again.
https://oilprice.com/Energy/Energy-General/The-Problem-With-Oil-And-Gas-Price-Caps.html
“For others, such as U.S. oil industry vet and commentator David Blackmon, the cap was a joke - Russia is already selling its oil to China and India at prices in the proposed range, so the cap will not, in fact, cap anything at all.
Energy Intelligence’s OPEC correspondent Amena Bakr was also blunt. In a tweet thread on Wednesday, she said that “If you can’t deliver on something then don’t make false promises! The EU looking to cap oil at 65-70 is a joke. How will that price range hurt Russia’s war financing?” after which she called the proposed cap range toothless.
Yet Bakr also said that if this is the level the price “cap” is agreed at, it would be evidence that the EU has recognized the importance of energy security over geopolitics. Whether will be an agreement remains uncertain because differences appear to be quite significant.
Poland, for instance, would not agree to a cap above $30 per barrel, while Cyprus wants compensation for the shipping business it would lose because of the cap. Even before it is finalized, the Russian oil price cap is already being ridiculed.…”
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In fact, many financial greats have assured the Russian price cap will INCREASE the cost to the EU and West, part of the plan? Why is the West so intent on committing suicide? Thank Senile Joe, you are a total idiot, Vlad keeps checkmating you at every turn and you seem to not even notice.
I have a business selling antiques. I set the price not the customer. These fools obviously flunked economics 101. In addition, if Russian oil was removed from the market which is doubtful, the price of non-sanctioned oil would be astronomical. Thus, we would take it in the ass.
These morons did get an A in economics 102. Economics 102 are studies on how to wreck your economy and the world’s economy. Howver, they forgot to read the last sentence in the book which states, “DO NOT DO ANY OF THIS.”