by Summary:
By adding a so-called cap on Russian oil prices to the increasing barriers to develop domestic resources the G7 may be planting the seeds of a commodity super-cycle where dependence on OPEC and Russia increases, instead of decreasing.I repeat what I have been saying for months. The developed economies’ governments are taking their countries from a modest dependence on Russia to a massive dependence on China and Russia.…And making Europe massively dependent on the US, while also strengthening OPEC+.Daniel LacalleThe G7 Cap On Russian Oil Is A Subsidy To China
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By adding a so-called cap on Russian oil prices to the increasing barriers to develop domestic resources the G7 may be planting the seeds of a commodity super-cycle where dependence on OPEC and Russia increases, instead of decreasing.I repeat what I have been saying for months. The developed economies’ governments are taking their countries from a modest dependence on Russia to a massive dependence on China and Russia.…And making Europe massively dependent on the US, while also strengthening OPEC+.Daniel LacalleThe G7 Cap On Russian Oil Is A Subsidy To China
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Mike Norman considers the following as important:
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By adding a so-called cap on Russian oil prices to the increasing barriers to develop domestic resources the G7 may be planting the seeds of a commodity super-cycle where dependence on OPEC and Russia increases, instead of decreasing.I repeat what I have been saying for months. The developed economies’ governments are taking their countries from a modest dependence on Russia to a massive dependence on China and Russia.…
And making Europe massively dependent on the US, while also strengthening OPEC+.
The G7 Cap On Russian Oil Is A Subsidy To China