You would think that when our leaders saw the sanctions were hurting us and not Russia, they would walk them back. They’re not, and they’re starting to get dropouts who have had enough as the winter sets in.
Mamdouh Salameh, a prominent oil economist and World Bank energy consultant told the Oilprice news outlet this week.
“The Western price cap on Russian oil exports has already failed and soon will be consigned to a waste bin… Neither OPEC+ countries nor Russia will agree to sell their oil at the cap price of $60 a barrel when the price in the market is above $85… Sellers can easily find buyers for their oil, but Western countries can’t, and without oil, their economies will come to a standstill. They will be the ultimate losers,” he said.
“The proof is that when the cap was launched on 5 December, Brent crude was $73 a barrel, but since then, it has risen to $85.43 today, a 17% rise,” he said.
“Russia won’t lose. Its main buyers, like China, India, Asian countries… have already ignored the price cap and are continuing to buy Russian crude in increasing volumes… Even if Russia sells 6 million barrels a day of crude oil at today’s Brent price of $85.43, it gets more revenue than selling 7 million barrels a day at $73. Therefore, Russia’s budget won’t lose a single penny. On the contrary… the Russian budget’s surplus could only expand,” he said.
So much for the EU oil and gas price cap.
It’s all smoke and mirrors, countries are making decisions based on their own economic self interest.🚨 pic.twitter.com/ZgvvOzGLjV
— Wall Street Silver (@WallStreetSilv) December 28, 2022
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Wow, who could have predicted this?
Our leaders want to hurt the USA. The DC swamp has dominance with no chance of being overthrown. Their goal is to be rich, powerful, and part of the NWO. The NWO wants Russia to be isolated. The NWO wants energy expensive and scarce.
Why is the West Committing Suicide? I can’t figure out the mind of a Liberal which is why they shouldn’t be in charge of anything. What Liberal run City is prospering without massive amounts of Federal Money?
After Biden took over he threw billions at our bankrupt cities and states, rewarding them for bad practices. Places like California, Illinois and Chicago ended up with budget surpluses! Our dollar was diluted.
And that is the problem! I heard that recently the Corps of Engineers estimated the the City of Jackson, MS was going to need 140 Million to fix it’s neglected water system. The recently signed Spending Bill had a earmark for 600 Million for Jackson. Why didn’t the Federal Government tell Jackson to raise taxes to bring it’s water system up to standards?
The answer is simple, Jackson is 82% Black. Bennie Thompson needs to keep bringing home the bacon to stay in office. This boondoggle was the payoff for Chairing the J6 Committee. It’s the Bigotry on low expectation and the Redistribution of other people’s money that keeps Black People on the Welfare Plantation and Democrats in Government.
If Jackson would have kept their city up instead of running the White Tax Base out, there would be more good jobs in Jackson and people could afford the taxes need to keep their water system operational. But keeping people poor and dependent on Government is the Democrat Play Book.
Democrats and the Deep State can’t let a President Trump ever get into Office. People with good jobs don’t vote for Liberals or Democrats!