Miscellaneous News

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ansy1968

Brigadier
Registered Member
dengyeye said:
China is getting a HELL of a deal. Russian oil has dropped to about 50 Rubles per liter.

The west is getting hammered by inflation while China grows its economy using cheap Russian gas. This is a double boon to a manufacturing intensive economy like China.

Not to mention China can even resell this oil to Europe for a handsome premium if it so chooses :)
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@dengyeye and they say China is fudging its inflation numbers....lol
 
horse

horse

Major
Registered Member
dengyeye said:
China is getting a HELL of a deal. Russian oil has dropped to about 50 Rubles per liter.

The west is getting hammered by inflation while China grows its economy using cheap Russian gas. This is a double boon to a manufacturing intensive economy like China.

Not to mention China can even resell this oil to Europe for a handsome premium if it so chooses :)
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Yup, right on.

Actually, I stopped thinking about all of this.

Because such stuff do not exist in the real world.

LOL!

:D
 
solarz

solarz

Brigadier
supercat said:
Why the U.S. hates Assange so much? Because he exposed such despicable U.S. war crimes:
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@anzha in case you're wondering why people despise those foreign mercs fighting in Ukraine so much, this is why.

These are war criminals being protected from the ICJ by the US government. For those of them who are dumb enough to go to Ukraine, I am only too happy to see them receive their just retribution.
 
horse

horse

Major
Registered Member
alfreddango said:
Can someone explain to me like I’m 5 how this is supposed to work? by making it uninsurable, are they trying to make russian crude so expensive nobody would buy it?
sorry, economics is not my field

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U.S. in talks with allies on Russian oil price cap, says Yellen​

The United States is in talks with Canada and other allies to further restrict Moscow's energy revenue by imposing a price cap on Russian oil, Treasury Secretary Janet Yellen said on Monday.

"We are talking about price caps or a price exception that would enhance and strengthen recent and proposed energy restrictions by Europe, the United States, the UK and others, that would push down the price of Russian oil and depress Putin's revenues, while allowing more oil supply to reach the global market," Yellen told reporters in Toronto.

"We think a price exception is also an important way to prevent spillover effects to low income and developing countries that are struggling with high costs food and energy," Yellen said, speaking alongside Canadian Finance Minister Chrystia Freeland.

Yellen said a price exception is an effective cap that could be achieved through a mechanism to restrict or ban insurance or financing for Russian oil shipments above a certain amount.

The United States, Canada, Britain and some other countries have banned imports of Russian oil, but the European Union remains highly dependent on Russian crude.

Asked if U.S. President Joe Biden planned to seek consensus on an oil price plan at the G7 leaders summit in Germany next week, Yellen said: "We are very active, actively working on this with our partners."

Freeland said Canada "thinks it is a really good idea" to try to limit Russia's oil revenues, but recognizes that this will be challenging for European countries.

"The path forward here is really to be talking with our European partners and to recognize, you know, how central they are in the decision making here," Freeland said, adding that Ukraine needed to be included in any decisions as well.

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I remember something way back, from an economic book, and I think it applies here.

Remember the demand curve and supply curve?

Where they intersect is equilibrium and the price of that item.

But one day, the professor started talking about a "kinked demand curve" which was usually the result of regulations, like government imposed quota.

Usually the demand curve is a diagonal line. A kinked demand curve goes (imagine it coming from the bottom) it is drawn upwards from the left, then the kink makes it go horizontal. A kinked demand curve is diagonal and at a certain point becomes horizontal.

See what the Americans are talking about here? It is not the demand curve, it is the supply curve they are talking about.

Theoretically this is possible. They want to enforce a kinked supply curve on Russia oil, just my interpretation of things.

As the other posters have replied, it is going to be tough.

:)
 
S

supersnoop

Major
Registered Member
Not breaking news, but in light of the recent shootings in the past few weeks

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One conducted by Farleigh Dickenson in 2016, and cited by Uscinski in 2018, found that 22% of Americans believed it was "possibly or definitely true" that the Sandy Hook massacre was "faked, in order to increase support for gun control."
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…Right…
 
G

GodRektsNoobs

Junior Member
Registered Member
Rettam Stacf said:
Come to think of it, may be that is what the US wants - to force Europe to stop buying oil from Russia and crash her economy, now that EU is having second thought about whether it is possible to wean themselves off Russian energy.

The US is fighting tooth and nail to maintain her hegemony position. By all indication, China/Russia will likely be able to force their way into a bipolar world. When that happens, someone else will want a third seat at the table too. Who will be the most likely candidate - EU. So the US might as well crash the EU economy now and make it forever dependent on the US.

So much for my conspiracy theory. ;)
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Woah Woah Woah how dare you belittle mighty Germanic engineering? The world is dependent on it, and without it the universe will simply cease to function. What you see in fact is Germany and Russia allying to crash the US economy and Turkey will soon be a replace for America! Just wait and see, I have all the sekrit documents.
 
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