Back to economic time playing out with the sh!t show. Somehow Europe, that’s committed economic suicide but isn’t fully aware of it, has somehow managed to put another round in the chamber and convinced itself pulling the trigger would be another good idea:

‘The G7-led idea of putting a price cap on Russian oil may look brilliant in theory, but it would likely be very messy in practice, potentially sending oil prices soaring. Surging oil prices are exactly what the price cap is meant to avoid, as it aims to keep Russian oil flowing but at a lower price.’

A Price Cap On Russian Oil Could Cause A Supply Catastrophe

Question still stands, though the present EU circumstances may have answered it already. Is it better to be a commodity producer or consumer, etc.. Time will tell, I guess.

Last edited by chunkstyle; 09/19/22 01:39 AM.