- Joined
- Mar 12, 2019
Some interesting news on the oil front: despite the US making it clear that their sanctions try to sidestep effecting oil prices, due to the extreme levels of Russophobia Russia cannot find buyers for their oil, despite having offers well below global prices. To give you an idea how bad it is some people are considering lifting sanctions on Iran to stabilize oil prices.
Furthermore most major tanker and logistics companies have decided to cancel all shipments to and from Russia for fear of getting hit with sanctions mid shipment.
We may have just canceled ourselves into a global economic depression.
Furthermore most major tanker and logistics companies have decided to cancel all shipments to and from Russia for fear of getting hit with sanctions mid shipment.
We may have just canceled ourselves into a global economic depression.