Anger..

 

President Joe Biden is angry at Saudi Arabia for its decision to slash oil production along with its OPEC allies against U.S. wishes, and he’s made no secret of it. 

With the global economy on a knife-edge and energy prices high, caused by Biden Decesions, Washington sees the kingdom’s move – which it made in coordination other oil-producing states – as a snub and a blatant display of siding with Moscow. 

Detailes..

In the United States, in particular, the combination of a $900 billion fiscal stimulus at the end of 2020 followed by a $1.7 trillion package in March 2021 proved too much, too late.

Supply chain disruptions have been a major contributing factor to inflation, although some of the strain on supply should really be traced to the sudden surge in demand. 

Across advanced economies, more than half (including the United States and the Euro area) had inflation rates of over 5 % even before hostilities, so that the war made an already difficult situation worse. 

Prior to the conflict, Russia and Ukraine combined accounted for a quarter of global wheat exports, and Russia is a major supplier of fossil fuels, especially to Europe. 
Disruptions to supplies of these commodities are driving up prices.

President Biden's commitment to abolish fossil fuels, blocked Key Stone XL pipeline and Nord Stream 2 pipeline has taken a profound effect on the industry. Prices are high, and they want to profit as much as possible. No new investment, and production lowering becomes a method of today's profit.

Finally, the sanctions of US and EU on Russia didn't help anyone but Russia, and USA on the back of EU and poor countries.

So this time of suffering is caused by us, not someone else.  Just a thought.

Soaring..

 
The 27 countries of the European Union agreed in June to ban the purchase of Russian crude oil from Dec. 5. In practical terms, the EU together with the United States, Japan, Canada and the U.K. want to drastically cut Russia's oil revenues in a bid to drain the Kremlin's war chest following its invasion of Ukraine.

However, concerns that a complete ban would send crude prices soaring led the G-7 to consider setting a cap on the amount it will pay for Russian oil.

An outright ban on Russian imports could be "really disruptive" to markets, according to Henning Gloystein, director of energy,

A price limit would see G-7 nations buy Russian oil at a lower price, in an effort to reduce Russia's oil income without raising crude prices across the globe.

However, EU nations have been in dispute for several days over the right level to cap prices.

Years..

Alone

The Federal Reserve is working alone to correct the inflation levels that exceeded 9%. On the other hand, the White House is doing its best to keep the oil prices/ and food prices as high as possible. We are making a great business selling the EU natural gas three fold what they paid before. Also Billions are being paid to the Military industries.

The sanctions placed on Russia by US and EU is creating havoc on poor people and poor countries alike and keeping the prices of everything, gas and food high. Just a thought.

Soccer..

 

Made..

 When the business goes down, now we remember Human Rights.

Lets not forget that sanctions placed by US and EU are following on many countries cause death to the poor and the young.   Just a thought.

Selective..

 

Friggin..

 

Saw..