Kenetrek Boots

Ukraine / Russia

BigHornRam said:
oilprice.com

Russian Oil Is Too Cheap To Resist For China And India | OilPrice.com

Western bans on Russian crude have forced Moscow to offer its oil at a steep discount, making it difficult for other countries to pass up
oilprice.com oilprice.com
Click to expand...
And Americans should be thrilled. Otherwise China and India have to purchase oil from the same places we do. This oil will find a home and it will help on the inflation front.
Handlebar said:
but also by a desire to disrupt dollar hegemony
Click to expand...
Not sure about that theory, but if he did it didn't work. Dollar dominance will continue for a long time. Even settling oil transactions in yuan doesn't change the situation because yuan is soft-pegged to the dollar anyway.
 
SAJ-99 said:
And Americans should be thrilled. Otherwise China and India have to purchase oil from the same places we do. This oil will find a home and it will help on the inflation front.

Not sure about that theory, but if he did it didn't work. Dollar dominance will continue for a long time. Even settling oil transactions in yuan doesn't change the situation because yuan is soft-pegged to the dollar anyway.
Click to expand...
I predicted (safe prediction) that China was going to get Russian oil at a discount. Why should I or any American be thrilled with this?
 
BigHornRam said:
I predicted (safe prediction) that China was going to get Russian oil at a discount. Why should I or any American be thrilled with this?
Click to expand...
Because if they didn't, China would have to buy oil on the open market which has constrained supply due to Russian oil coming off market. That would cause price to increase...more than it already has. Americans hate gasoline at $4/ga. Try $6, $7, $8? Maybe "thrilled" was a little much, but most Americans care more about gasoline prices than Ukraine sovereignty. Energy sanctions were never going to solve anything because global energy demand is a constant necessary for the world to operate. I'm sure the administration knew this would happen. Hell, I pointed out it would happen like 80 pages ago.
 
BigHornRam said:
I predicted (safe prediction) that China was going to get Russian oil at a discount. Why should I or any American be thrilled with this?
Click to expand...
Because hypothetically it gives China some leverage to tell Russia to pump the brakes, which the west can't really do because of 80 years of history?
 
BigHornRam said:
I predicted (safe prediction) that China was going to get Russian oil at a discount. Why should I or any American be thrilled with this?
Click to expand...

It also reduces or eliminates any profit from the crude for the Russians. None of this is going to be perfect, but there is always going to be a buyer somewhere, for some price for everything.
 
DouglasR said:
I’m sure there are some really smart and heroic veterans working in politics and the military, but Joe and Don are the figureheads and I don’t want to fight to the death for either one of them.
It is my privilege that allows me to say this, but the thought of industrialized nations fighting a war in 2022 is just ridiculous.
Click to expand...

And in the roaring 20s (1920s) the young and educated were sure the party would last for ever - and WW1 was the end of war. A global Great Depression and 100 million deaths later the story turned out different than expected.

I share your view that it would be insane, but reading the last 500 years of human choices show we aren’t smart enough to save ourselves.
 
i guess sometimes a little news out of ukraine on a sunday morning can put a smile on your face.

1648993493438.png
 
Ouch! The brutality of war though that is... war. :(

There was a quote: Only the dead know the end of war.
 
War-Crimes Accusations: The U.S. Department of Justice is working with European authorities on a plan to gather evidence about atrocities in Ukraine, Attorney General Merrick Garland said Wednesday. Pope Francis decried “horrendous cruelties” in Ukraine, including in “the martyred city of Bucha,” where reports of atrocities have prompted allegations of Russian war crimes, which Moscow denies. China shifted its tone, calling images from Bucha extremely disturbing, while continuing to avoid casting blame on Moscow.


www.wsj.com

The Russia-Ukraine War: April 6, 2022

Full coverage of Russia’s invasion of Ukraine
www.wsj.com www.wsj.com

If true... ugly.

Heavy weight leaning on China... That's an interesting dynamic.
 
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