Oil price cap could strike Russia's war chest - if enforced

The G7 Clowns had appeared again this week pretending to look tough.
Once more they came up more scantions and an oil price cap which they say that could strike Russia's war chest.

Russia being part of the BRICS and trade among the BRICS nations which would inculde Iran among other countries as well some African countries. Its very unlikely that the least move would achivce the result.

The certain powerful sanctions agaisnt Russia that the G7 nations had imposed against Russia had little to no effect only now they are starting to realize that India is also getting oil from Russia but this is something that G7 Clown Nations cant do much about let alone try bully into preventing India from buying oil or their military equipment.

But much would depend on whether Asian countries like India would go along with the price cap. A key question is enforcement, and European officials are also cautious about side effects.

So only after the fact the so called G7 nations are worried and cautious about side effects of their least push of their new sanction towards Russia?
If there is anyone that would be impacted by the new price cap it wont be Russia. The G7 clown nations with their clown leaders should be cautious about side effects indeed.

They are rather quite when it comes to the side effects of their actions of their decisions recently.


Oil price cap could strike Russia's war chest - if enforced
To sum up the article.
They are hoping that their least price and least sanction wont likely cause possible side effects.

In the artlice they had stated the Governments had faced calls for even tougher action such as as an immediate end to Russian oil and natural gas shipments.

Ironical these tough calls had being from war mongers, interventionists and those within Zelenskyy presidency.


Unfortunately those that had called for a tougher action immediate end to Russian oil and natural gas shipments.
This move is already would trigger a recession in Europe

For some European Countries based on the tough calls agaisnt Russia to push for sanctions that recession in Europe is already had arrived.

a reply to: vNex92

Economic policies like "price caps", "windfall profits taxes", "rent controls" always fail because the bureaucrats implementing them don't even understand Econ 101. Typically these types of policies all result in WORSE shortages and providing a huge disincentive for able/willing producers/suppliers to do what they do best.

It's almost as bad as Califonia's "inflation stimulus programs", which will only make inflation worse! dumbasses Gov. Gavin Newsom and state legislators have agreed to provide as much as $1,050 to millions of California families to help with inflation.

a reply to: FamCore

That's like throwing cups of water on a forest fire.

originally posted by: Wide-Eyes
a reply to: FamCore

That's like throwing buckets of gasoline on a forest fire.

Fixed it for you

originally posted by: FamCore

originally posted by: Wide-Eyes
a reply to: FamCore

That's like throwing buckets of gasoline on a forest fire.

Fixed it for you

Fair point. It's definitely not good.

originally posted by: vNex92

Once more they came up more scantions and an oil price cap which they say that could strike Russia's war chest.

I had to look up "Scantions"
Like the flu, this war is about the destruction of the economy, all I can understand

If the US said they would spend as much going forward to boost oil and gas infrastructure for the future as they already agreed to send to Ukraine, I believe oil and gas prices would plummet as money got committed. That would really hurt Russia’s revenue but I believe whoever is running this country doesn’t want to do that to commit billions to expanding oil and gas infrastructure. After all whomever is running this country thinks everyone can afford a $70000 EV like money is no object or we can walk miles to work everyday.

In just a matter of ten years, EV tech, fusion tech and alternative energy sources may make oil be a much less desirable energy alternative making Russia ask for IMF help if they improve relations by then.
The war is weakening Russia allowing China to eventually become a military super power.
I think whomever is running the show in Russia has lost his mind. The best way to go bankrupt is to anger your best customers and make them quit your product. They will quit and then the only customers will quit. Energy alternatives to oil are quickly becoming a better alternative to oil in the not too far future. If someone invents a different way to make plastics, oil might seem like coal to the natural gas industry.

As far as clean energy, we could have already had all the clean energy we needed if different types of nuclear facilities had been built that never have a danger of melting down. The other types of nuclear facilities just don’t produce weapons grade material.

Price gaps, releasing supply from the oil reserves, I see as mere gestures that will not have any significant impact since other countries will likely continue buying Russian oil and reselling it. Even now I believe India is reselling oil and other parties possibly in the US are losing money buying oil at inflated prices. Meanwhile no real commitment to expanding oil and gas infrastructure means the market hasn’t gotten any message that prices are going to drop significantly any time soon.

Make commitments to expand oil gas and clean nuclear that won’t melt down and oil prices will start plummeting. The price of clean energy tech will drop in future years and become desired tech Ibelieve.

a reply to: vNex92

They basically plan to limit the supply of oil to the world even further.

That type of thing only makes prices go even higher.

Basic supply and demand.

All of this for a piece of crap Nazi-infested land.

Sakhalin Energy to be taken over by Russian company

2 hours ago

Vladimir Putin has ordered that the Sakhalin Energy Investment Company be transferred to the Russian state. The firm’s shareholders include Gazprom, Shell, Mitsui and Mitsubishi. The new company will inherit all of the previous operator’s assets and all staff will be re-employed.

rutube.ru...