#Russianoil #Russia #YahooFinance
Deputy Treasury Secretary Wally Adeyemo speaks with Yahoo Finance’s Jennifer Schonberger about setting the Russian oil price cap above the cost of production, bringing down energy inflation, and the state of the U.S. economy.
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13 Comments
Cap = shortage
Whatever they start blaming Russia war for everything then I know they are partisans and you’re not getting the real news this guy is a fake phony fraud
Hey Deputy why don’t you just go and crawl back into the hole you have no credibility here
Almost convincing for a very very uninformed audience
im sure he will get more TV work than any other MP even tho he is a deputy
Winter is coming for the E.U…🥶🥶🥶🥶
People who say this wont work, give it a chance. If I was India or China I would say to Putin, the price cap $X so I am not paying more.
Why would India, China or any other nation not try it on and as the Deputy said India wants to pay the lowest price, I can't see why China "want" to pay more?
Also the Price cap could actually be very close to what India or China is paying now since Russia is already selling at a discount.
I am sure Russia can sell Oil/Gas to more nations (if they price cap is near or same as the current discounts they are giving) to nations not buying because they are worried about secondary sanctions.
Anyone who has a idea to put a cap on a resource especially one is important as fuel of any kind that THEY DONT FULLY PRODUCE THEMSELVES IN THIER NATION IS NOT FIT FOR ANY POSITION!
price cap won't work. Russia said will remove all oil from markets and will auction gas 30% below market value, which should be at about 200 a barrel by then. Russia has figured a way to beat the cap. they will sell it to the highest bidder who most likely will just sell it to the west. the same actors as before. the same actors who has been doing it for the past 6 months. hint, china and India. they will probably just ignore the cap since they are making a killing selling it to the west at 30% over purchase price anyway. why take a chance of biding against each other and buying for more than they already are. better to stay with the current arrangement.
Russia will ban price cap countries. So oil prices will go sky high.
India is on a good discount wicket. If they support the cap they lose their current discount deal.
The CAP will fail.
But Russia's list of enemies will remain.
So India will have to buy oil @ full price after the cap fails if it sides with the west.
Go 🏠 🤡
Gary Coleman is a politician now?
Wrong Decisions🤦🏻♂️🤦🏻♂️🤦🏻♂️
Shortage Number 1:You refuse to use Nord stream 2 gas pipeline which could have supplied the EU with gas, with nord stream 1 down.
Shortage 2: You self-impose an embargo on the volume of gas EU can buy from Russia over time.
Shortage 3. You decide not to pay for Russian gas in dollars, Euro, Pound and even Russian roubles because of it would breach self-imposed sanctions. Yet you buy gas at higher pices from third prices when Russia sells it to those third parties.??? Wherein lies the economic wisdom here ?
Shortage 4. Price cap.Russia will not supply gas to countries implementing price cap leading to more Shortages and higher prices.
Are EU politicians thinking through their current strategies or just bowing to US pressure.
An EU without US influence would be better and result in less wars in Europe.
Those who benefit from higher gas prices are the energy companies ( including those in the US ) and their stake holder politicians and party donors. They are getting rich by the minute !!!!