Business & Finance Economic Fallout: Pandemic, Brandon, Money Printer Go Brr, Ukraine.

[Agent23]

Hey @LTR methinks a lot of this nonsense should be in the DumbAss Slavic Civil War thread, since it is irrelevant whining IMO.

I wonder how bad things will be when a certain western proxy fully crumbles.

 

[Robovski]

Sooo let's just leave this here: The Oil Drum | List of Foods by Environmental Impact and Energy Efficiency

These figures indicate that differing amounts of energy are needed to produce a pound of food and that a pound of food has different caloric values depending on what you are trying to get and eat. Plants drawing energy from the sun directly will convert energy more efficiently but also NO ONE PAYS FOR SUNLIGHT. What is more, I would say that the energy input would vary depending on the method of farming, terrain, and transport distance and method (for example, we have an extensive rain and river network for bulk goods in the US).

 

[Agent23]

Sooo let's just leave this here: The Oil Drum | List of Foods by Environmental Impact and Energy Efficiency

These figures indicate that differing amounts of energy are needed to produce a pound of food and that a pound of food has different caloric values depending on what you are trying to get and eat. Plants drawing energy from the sun directly will convert energy more efficiently but also NO ONE PAYS FOR SUNLIGHT. What is more, I would say that the energy input would vary depending on the method of farming, terrain, and transport distance and method (for example, we have an extensive rain and river network for bulk goods in the US).

And that doesn't go into stuff like packaging, storage and processing costs.
What about fertilizer?
No mention, either.

 

[DarthOne]

Biden And His G7 Fraternity Threaten To Devastate The World’s Economy – Analysts Warn Oil Prices Could Jump to $380 a Barrel

Biden And His G7 Fraternity Threaten To Devastate The World's Economy - Analysts Warn Oil Prices Could Jump to $380 a Barrel | The Gateway Pundit | by Michael Robison

One simple move by the leaders of the G7 summit, at the behest of Biden, could completely devastate the world's economy

www.thegatewaypundit.com

Western leaders, led by feeble Joe Biden, could potentially send oil even higher as they continue to sanction Russia and place the burden on the American public.

Analysts at JP Morgan Chase are warning that the price could triple to a staggering $380 or more if Russia decides to cut its output.

They warn that in light of the continued sanctions and proposals to penalize Russia, it could respond by limiting production.

“It is likely that the government could retaliate by cutting output as a way to inflict pain on the West,” analysts wrote. “The tightness of the global oil market is on Russia’s side.”

Gas in America is now topping $5 per gallon in many areas. If oil prices jumped as predicted, it would devastate the nation’s economy.



The West is trying to punish Moscow for its war in Ukraine and plans to limit the price Russia can fetch for a barrel of oil.

But Russia supplies much of Europe with oil for heating and gasoline and could quickly reverse that impact by cutting production.

Cutting production by 3 million barrels a day would push global oil prices to about $190 per barrel. Dropping production by 5-million-per-day ]would send the price of a single barrel to $380, according to analyst Natasha Kaneva.

Western countries want to limit how profitable production is to Russian President Vladimir Putin, despite their dependence on the Russian resource.

The G-7 nations, including the United States, are trying to construct a complex plan to cap the price Russia can fetch from oil sales to non-G-7 countries as part of a menu of sanctions aimed at Russia.

“The goal here is to starve Russia — starve Putin of his main source of cash and force down the price of Russian oil to help blunt the impact of Putin’s war at the pump,” a senior Biden administration official told reporters. “The dual objectives of G7 leaders have been to take direct aim at Putin’s revenues, particularly through energy, but also to minimize the spillovers and the impact on the G7 economies and the rest of the world.”

But such a cap would leave Putin with more leverage than he currently has, according to JP Morgan’s bankers. Again the sanctions against Russia have a greater chance of directly impacting Americans.

“The most obvious and likely risk with a price cap is that Russia might choose not to participate and instead retaliate by reducing exports,” the analysts wrote.

Biden acknowledged earlier this week that oil prices are continuing to soar. He did not offer and sign or signal that relief is in sight.



As long as it takes so Russia cannot in fact defeat Ukraine and move beyond Ukraine,” Biden told reporters in Europe Thursday.

White House Director of the National Economic Council Brian Deese told CNN Thursday afternoon that Americans need to accept the gas prices as a cost of getting to the future.



“This is about the future of the liberal world order, and we have to stand firm,” he said.

 

[Carrot of Truth]

Biden And His G7 Fraternity Threaten To Devastate The World’s Economy – Analysts Warn Oil Prices Could Jump to $380 a Barrel

Biden And His G7 Fraternity Threaten To Devastate The World's Economy - Analysts Warn Oil Prices Could Jump to $380 a Barrel | The Gateway Pundit | by Michael Robison

One simple move by the leaders of the G7 summit, at the behest of Biden, could completely devastate the world's economy

www.thegatewaypundit.com

Do they want to get lynched? Because that is how a leader gets themselves the King Louis XVI, Tsar Nicholas or Gaddafi treatment.

 

[Agent23]

Do they want to get lynched? Because that is how a leader gets themselves the King Louis XVI, Tsar Nicholas or Gaddafi treatment.

They would have been, but most of the 'civilized' world is too lazy to do putches, coups and insurrections, IMHO.
Also, they probably think the cops and the army will save them.

 

[Floridaman]

They would have been, but most of the 'civilized' world is too lazy to do putches, coups and insurrections, IMHO.
Also, they probably think the cops and the army will save them.

At those prices the military vehicles become nothing more than paper weights, especially since they sent the strategic petroleun reserve abroad.

 

[Agent23]

At those prices the military vehicles become nothing more than paper weights, especially since they sent the strategic petroleun reserve abroad.

I think that the military usually has some inviolable reserve for such emergency situations.
Also, they can always barter away hard assets for fuel and ammo.

 

[Carrot of Truth]

I think that the military usually has some inviolable reserve for such emergency situations.
Also, they can always barter away hard assets for fuel and ammo.

If militaries reach the point of having to barter hard assets for fuel and ammo then central governments likely no longer exist.

 

[Agent23]

If militaries reach the point of having to barter hard assets for fuel and ammo then central governments likely no longer exist.

Um, the government facing a civil war would be the one doing that as per the discussion.
Say there are riots in the streets, the economy tanks and people are out for your head.
As a politician you'd be very keen to get your loyalists with guns supplied with ammo I think.

 

[Carrot of Truth]

Um, the government facing a civil war would be the one doing that as per the discussion.
Say there are riots in the streets, the economy tanks and people are out for your head.
As a politician you'd be very keen to get your loyalists with guns supplied with ammo I think.

What I am saying though is any government who reaches that point is a rump state in the best case scenario.

 

[Terthna]

I think that the military usually has some inviolable reserve for such emergency situations.
Also, they can always barter away hard assets for fuel and ammo.

Those were the strategic reserves Biden distributed, to try and make it seem like he was doing something about rising fuel prices. I'm not sure how much is left, but what was lost isn't going to be replenished any time soon.

 

[Agent23]

Those were the strategic reserves Biden distributed, to try and make it seem like he was doing something about rising fuel prices. I'm not sure how much is left, but what was lost isn't going to be replenished any time soon.

I thought that what he distributed was from the nation-level one, which was supposed to be used for the entire country, and that the military would have a reserve of its own?

 

[Marduk]

Those were the strategic reserves Biden distributed, to try and make it seem like he was doing something about rising fuel prices. I'm not sure how much is left, but what was lost isn't going to be replenished any time soon.

Oil reserves. Military vehicles outside of few old warships and trains can't run on crude, it needs refining first.

 

[bintananth]

Oil reserves. Military vehicles outside of few old warships and trains can't run on crude, it needs refining first.

The only powerplants which can run on crude have oil-fired steam boilers. The USN relies on gas turbines, diesel engines, and nuclear reactors.

If the USN has to once again start relying on oil-fired boilers to go anywhere my 43yr old crippled ass is getting drafted.

 

[Cherico]

Um, the government facing a civil war would be the one doing that as per the discussion.
Say there are riots in the streets, the economy tanks and people are out for your head.
As a politician you'd be very keen to get your loyalists with guns supplied with ammo I think.

The united states president can at any time shut off any and all oil exports. Once that happens the price of oil in the united states goes down and the price in europe sky rockets.

Europe is not going to have much choice but to do some very ugly things to keep the lights on once that happens and that's going to shatter what's left of their cultural self worth.

 

[Bassoe]

The united states president can at any time shut off any and all oil exports. Once that happens the price of oil in the united states goes down and the price in europe sky rockets.

Europe is not going to have much choice but to do some very ugly things to keep the lights on once that happens and that's going to shatter what's left of their cultural self worth.

Yes, however this makes two unwarranted assumptions, that either the American or European goverments would sacrifice foreigners to ensure the well-being of their own citizens. This whole mess started because they didn't do that and tried to boycott a net oil exporter rather than simply throwing Ukraine under the bus as not worth it.

 

[Sobek]

The M1 Abrahams tank can technically run on any flammable liquid, from crude oil to gasoline to kerosene to white lightning to olive oil. It's designed and maintained on the assumption it will run on gas tho, any different fuel will result in lower engine conditions and likely a need to do more maintenance.

That being said, if we get to a point the military considers fueling their tanks with scavenged diessel shit has gone so far beyond fucked up it doesn't matter.

 

[Agent23]

The united states president can at any time shut off any and all oil exports. Once that happens the price of oil in the united states goes down and the price in europe sky rockets.

Europe is not going to have much choice but to do some very ugly things to keep the lights on once that happens and that's going to shatter what's left of their cultural self worth.

You mean cut off Elenski and tell Poland and the balts to can it, then start buying Russian oil again?

I am perfectly fine with that.

 

[Carrot of Truth]

Really its only Germany and a few Nordic countries that are fucked because of retarded "green" and anti nuclear energy policies.