UK finally does something

Discussion in 'Economics' started by terr, Feb 24, 2022.

  1. smallfil

    smallfil

    Joe Biden making the US enemies stronger by the day. North Korea fired a hypersonic missile just recently, Iran fast developing a nuclear missile. Russia and China closer than they have ever been. US in contrast being weakened from within, open borders, huge cut in oil production, China first policies, etc.
     
    #11     Feb 24, 2022
    TimtheEnchanter likes this.
  2. ipatent

    ipatent

    They have to hold off on some sanctions in case Russia escalates, such as by selling better weapons to Iran or Syria.
     
    #12     Feb 24, 2022
  3. terr

    terr

    Yeah, cuz invading a neighboring country is not enough.
     
    #13     Feb 24, 2022
    NoahA, Nobert and d08 like this.
  4. mervyn

    mervyn

    #14     Feb 24, 2022
  5. Nine_Ender

    Nine_Ender

    Trump implemented trade killing tariffs all over the world; most made zero sense except to the dumb asses who believed in him. Like the US supposedly needed no lumber from Canada so why not jack up the prices and pretend it's Canada's fault. Cue the record lumber prices now. If you want to talk about supply chain issues Trump did more then any human on the planet to exasperate them and he did it on purpose. Biden has created some problems but he can't touch the damage Trump did.
     
    #15     Feb 24, 2022
    Windlesham1 and VicBee like this.
  6. Not sure why this is being seen as a last resort. Any ideas?
     
    #16     Feb 25, 2022
  7. terr

    terr

    As I said, over the last few decades, the West has emasculated itself so much that cowardice is now seen as a virtue and money trumps every other interest, including security.

    You know why it is seen as a "last resort"? Because Western creditors won't be able to, easily, get their money from Russians.
     
    #17     Feb 25, 2022
    murray t turtle likes this.
  8. zdreg

    zdreg

    Your numbers are way off. Please provide source of info.

    Interesting that no one challenged those numbers.
     
    #18     Feb 25, 2022
  9. terr

    terr

    I corrected two posts after. US imports ~20M barrels a month from Russia. Consumes 18M barrels a day.

    As for the 12%: https://www.statista.com/topics/5399/russian-oil-industry/

    Russia is the third-largest producer of oil worldwide, accounting for over 12 percent of global crude oil production.
     
    #19     Feb 25, 2022
  10. You don't want to cut off your own hand, just to scratch your enemy.
     
    #20     Feb 25, 2022