Everyone Excited to hear that Brandon finally will sanction Russian Oil?

ThatOwlWoman said:
So if he sells his oil to Asia (or wherever), that means less demand to those markets, which means we can get more for less, right?
Click to expand...
Yes nd no. If he sells more to China at a discount that means China buys less on the open market. That means the amount that Russia sold to China at a discount is now available to the rest of the world at full price. So its cheaper for China but not for the rest of the world. Now if the US INCREASES the production that means there is more total oil in the market place and that means price could go down. Putin makes less money though which is a good thing.
 
It's a stupid, token call.

1) Russian imports account for less than 5% of all US oil imports.
https://www.eia.gov/dnav/pet/pet_move_impcus_a2_nus_ep00_im0_mbbl_m.htm
So it is nothing but a token gesture.

2) Markets will overreact anyway and sent oil prices higher.
Which it was - Brent was over 5% higher today.

This causes gasoline prices to rise for Americans.
Plus, it raises inflation even more.

3) I TOTALLY disagree with economic sanctions.
I disagree with it for Iran, Cuba, North Korea and for Russia.

Only fools believe that it leads to 'regime change'...which is why they do it.
Did it work in Cuba? No.
Iran? No.
North Korea? Nope.
And it will not work in Russia as most Russians blame the West/NATO for the Ukraine war...not Putin.
https://www.zerohedge.com/markets/here-are-all-latest-news-and-developments-ukraine-war-march-8
(about 2/3 down the page)

The sanctions will NOT overthrow Putin.
They will just give him an excuse to blame the hardships on someone else.

And they will make innocent Russians and Americans suffer for nothing.

They are irrational and useless.
 
Damocles said:
They keep saying on the news that we are waiting for Brandon's latest report on new Sanctions that he finally and reluctantly will set on Russia (after the political will of the US Citizens pushed him into action).

Are you happy?
Click to expand...

it made Nancy happy......I doubt it made Brandon happy.....
 
McRocket said:
It's a stupid, token call.

1) Russian imports account for less than 5% of all US oil imports.
https://www.eia.gov/dnav/pet/pet_move_impcus_a2_nus_ep00_im0_mbbl_m.htm
So it is nothing but a token gesture.

2) Markets will overreact anyway and sent oil prices higher.
Which it was - Brent was over 5% higher today.

This causes gasoline prices to rise for Americans.
Plus, it raises inflation even more.

3) I TOTALLY disagree with economic sanctions.
I disagree with it for Iran, Cuba, North Korea and for Russia.

Only fools believe that it leads to 'regime change'...which is why they do it.
Did it work in Cuba? No.
Iran? No.
North Korea? Nope.
And it will not work in Russia as most Russians blame the West/NATO for the Ukraine war...not Putin.
https://www.zerohedge.com/markets/here-are-all-latest-news-and-developments-ukraine-war-march-8
(about 2/3 down the page)

The sanctions will NOT overthrow Putin.
They will just give him an excuse to blame the hardships on someone else.

And they will make innocent Russians and Americans suffer for nothing.

They are irrational and useless.
Click to expand...

I don't think anyone thinks sanctions are going to bring about regime change in Russia, that ain't happened as long as Putin is in charge, however I believe the measures are aimed at influencing Putin to alter his thinking on the Ukraine, if he lacks the support of the Russian people, those that would suffer from the sanctions, especially the oligarchs who help Putin maintain power, he would have that much more a time continuing his invasion
 
zymurgy said:
a real news media would demand he explain why now and not right off the bat

what changed?

why now Joe?
Click to expand...

A "real news media?" Humorous, unlike Fox during the last Administration, the actually news media doesn't let Biden get away with much, and the last thing they do is defend him while attacking those who criticize him

And the oil sanctions have been there since the offset, but since the US use of Russian oil is minuscular, there was no need to rush in
 
archives said:
A "real news media?" Humorous, unlike Fox during the last Administration, the actually news media doesn't let Biden get away with much, and the last thing they do is defend him while attacking those who criticize him

And the oil sanctions have been there since the offset, but since the US use of Russian oil is minuscular, there was no need to rush in
Click to expand...

so why now?

show we a real journalist pressing him with real questions on this. what changed - why now?
 
ThatOwlWoman said:
So if he sells his oil to Asia (or wherever), that means less demand to those markets, which means we can get more for less, right?
Click to expand...
no because oil is a fungible commodity- it's basically global price points (excluding taxes).
Increasing global supply reduces price points world wide and vice versa

https://www.strausscenter.org/energy-and-security-project/fungibility-oil/
just as a $10 bill minted in San Francisco has the same value as one made in Philadelphia,
a barrel of crude oil produced in Saudi Arabia has a comparable value as a barrel of crude produced in Venezuela.
 
Damocles said:
They keep saying on the news that we are waiting for Brandon's latest report on new Sanctions that he finally and reluctantly will set on Russia (after the political will of the US Citizens pushed him into action).

Are you happy?
Click to expand...

No. If he reversed all his 1st day domestic-production stoppage, then I would be closer to happy.
 
Geeko Sportivo said:
Dude, it was never "Let's Go Brandon" as what the HILLBILLY race crowd was actually chanting was "FUCK YOU BIDEN"!

SO when you refer to Biden as BRANDON, then you are basically saying "Fuck You BIDEN"!

SO, since you think this is funny- FUCK YOU DAMO!

Now, let me just advise you that CHEVRON, SHELL AND EXON have been purchasing Crude by the barrel from RUSSIA ALL THROUGH THE TRUMP ORGANIZATION!

And, I just happened to notice- THAT YOU NEVER HAD ANYTHING NEGATIVE TO SAY ABOUT THAT DURING THE TRUMP REIGN OF TERROR IN THE WHITE HOUSE!

SO FOLKS, OUR LEADER HERE IN THE FORUM IS A TYPICAL TRUMPTARDED HYPOCRITE!

I just tell the truth- if the truth hurts anyone's feelings- I apologize in advance" [Geeko Sportivo]
Click to expand...

Actually it was "Fuck Joe Biden".

Get your facts straight, fucko :rolleyes:
 
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