Well I assume that was always the plan
He said that last week - they capped them anyway. Which is why the consquences are what we see playing out now.
I thought the West and Europe had already put sanctions on Russian oil and gas. Was that a lie?
Well, let Europe use their green energy supplies. They’ve been touting them for 50 years. Turn the wind mills on. There should be no problem....right?
If I imposed a price cap on new F-150 pickups of 19,999 MSRP, think Ford would honor my price cap and deliver one?
Morons. Arrogant morons.
The EU just imposed price caps. Nixon imposed price controls in 1971 for an initial 90-days, which extended for more than 3 yrs. Inflation rose from 4% to 12% when they were lifted, so good luck to the people of Europe, and may they rise up in righteous anger.
“””if price caps are imposed on the country’s energy exports, Reuters reported”””
In this one news story we have Forbes, MSN, and Reuters all doing a whole bunch of ‘wishful thinking’.
Exactly how will the EU impose price caps on energy they so desperately need??????
Sooo, where’s Putin going to store all this pipeline oil once he turns off oil during winter?
Wonder if Valarie has told Biden yet?
Welcome to the Ice Age inside your homes, Germany.
Some dumpster fires are funnier than others.....and some are just plain hilarious.
Expect the following in Europe - but think positive, because you’re ‘punishing’ Russia (by driving up the price of energy he’s able to charge Asia and the rest of the world).
1. Thermostat limits, for ALL buildings, including residences. By the middle of winter, likely 15C (59F) and in summer, 27C (80F).
2. Unannounced ‘compliance inspections’ as police go door-to-door. If you don’t open your door and allow them in, then you get the Canadian Trucker Treatment, along with fines drained directly from your bank accounts.
3. Driving Lockdowns, similar to Covid Lockdowns, including checkpoints. If you’re more than 5 miles from home, you better have a damn good reason.
4. Super-high Energy Prices - Fuel pushing $15-20/gallon (mostly to punish carbon polluters), similar high-priced natural gas and electricity (several times higher than the US).
5. Anyone opposing the above will be labeled as a Putin Puppet, which should sound familiar.
...but think positive, because you’re ‘punishing’ Russia
The world is crazy. The whole world seems to be beating up on Russia, which is fine if you believe the Ukraine is worth it. Did they not think Putin would respond to their sanctions? His sanction in reply is to shut down Europe’s energy. Did they think he would care about all the people who will freeze? The world is run by a bunch of idiots.
Do it!
BS threat anyways.
There’s always Brazilian, Venezuelan and Iranian oil (Russian oil transshipped).
(Disclaimer: Justa is invested in Brazilian oil stock PBR).
Welcome back Dark Ages!
I believe someone warned of this exact scenario and was laughed at by politicians foreign and domestic as well as the press.
My question is whether or not there is enough LNG supertanker capacity to make up for the Russian embargo this winter. Germany has been licensing LNG floating hubs for offloading LNG to land-based storage facilities. If Biden would get his head out of his ass long enough, he might realize that this could be a golden opportunity for US natural gas producers to cash in on EU demand at very high prices.
I know. Uncorking Biden is unlikely to happen.