Oil..

 

European Union is preparing to implement an oil import embargo on Russian energy. Japan is the one G7 member that has been granted an exemption from the sanction. 

The actual idea of the G7 price cap was to get India and China on board with the idea because they are the two countries importing most of Russia’s oil that the West has shunned since February this year. Neither, however, has been sold on the idea, and they will likely continue to buy crude directly from Russia, organizing the insurance and shipping between themselves to avoid breaching the cap scheme.

While the price cap may turn out to be a smaller challenge to global oil supply than expected, it would certainly contribute to oil market uncertainties. 

These uncertainties are so significant that they are betting that oil could reach $200 per barrel. Just a thought.

Yak..

 

Yet..

Friend..

 

Vendication..

 

“This election is a victory, a victory and a vindication for Democrats, our agenda and for the American people,” Schumer said.  Good for the hard-working folks!!!!!!!!

Coal..

 

Agenda..

 

Senate Majority Leader Charles Schumer (D-N.Y.) said that the midterm elections are a “vindication” for Democrats and their agenda after the party held onto their Senate majority for the next two years. 

Schumer said “terrific” Democratic candidates, the party’s agenda and accomplishments, and the American people’s rejection of “antidemocratic extremist MAGA Republicans” led to the party holding onto its majority.

Inflation was the biggest accomplishment of this period. Just a thought.

Solid..

 

Climate..

 

Same..