Article

2022-12-07 Caucasus/Russia/Central Asia

Russian Oil Price Cap: Lasting Impacts - Peter Zeihan

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Posted by DarthVader 2022-12-07 08:06|| || Front Page|| [4 views ] Top

#1 I believe that large fractions of the crude we're going to be getting from Venezuela are owned by Russian companies and won't be subject to the price cap, they'll just ignore the fact. It's a way for Biden to help Russia in a way that will be laundered and ignored.

Posted by Thing From Snowy Mountain 2022-12-07 08:51|| 2022-12-07 08:51|| Front Page Top

#2 "Laundered and Ignored" is probably what's going to happen to a lot of the Russian oil on the market. Just like it was last month. Sometimes I think Zeihan needs to lay off the hallucinogens.

Posted by Thing From Snowy Mountain 2022-12-07 08:52|| 2022-12-07 08:52|| Front Page Top

#3 Price controls have never worked thoughout human history. I doubt this time will be any different.

Posted by Tom 2022-12-07 11:41|| 2022-12-07 11:41|| Front Page Top

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