The Great Reset: Back to the dark ages – Mr. Freeze will make Europe freeze this winter.
"The suggestion of a price cap on Russian oil is another short-sighted action that could potentially have disastrous consequence. The principal ammo behind the price cap is that by agreeing not to pay above agreed maximum for Russian oil and gas, EU countries can reduce the income the Russians are earning by selling their exports on the open market. They are also hoping that should they band together members of the G7 they can create a buyer's market essentially creating an environment where Russia will have to take it or leave it. The buyers set the price and the seller will have just to agree. However there are a number of problems with this. Firstly it assumes that the seller will accept. Europe is taking a gamble that Putin needs to sell them gas more than they need to buy it. For his part Putin has said that he will "make Europe freeze and will turn off the taps to any country that imposes price caps."
Comments
Post a Comment