Ready For $14 Gas Prices, Banks Warn of $200 Oil As Talking Heads Pretend The Worst Has Already Come
Think gas prices have been high? you haven't seen anything yet.
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The key Caspian oil pipeline is to be closed “for repairs” that will last two months, taking around 1mbpd out of circulation; but, eclipsing that, within a week one of the worlds largest suppliers will demand payment in roubles for its gas from “hostile countries”
for half of the zone to pay in roubles would both prop up RUB and undermine sanctions. Putin would clearly chisel away at them: “Yes, I have the euros: but now I need you to remove the following measures so I can benefit from them….” Indeed, EU countries are already saying they won’t pay in roubles. Yet don’t expect P-u-t-!-n to blink: he “loses money” by not selling energy, but it’s currentlt a money can't spend. overall it seems like a problem that won'y easily resolve itself
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