As Bank Fears Spread, Oil Craters

[struth]

Hefty Chinese buying, alongside robust Indian demand, has been spurred by steep price discounts but is providing Moscow much-needed revenue after the Group of Seven imposed a $60 price cap on Russian crude.

China's March imports of Russian oil may hit record - shiptracking data

China's seaborne imports of Russian oil are set to hit a record this month after refiners took advantage of cheap prices as domestic fuel demand rebounded, but Russia's plan to cut exports will likely cap buying in coming months.

www.reuters.com

wow sounds like they are in quite the position with india and china eating up whatever they don’t need themselves

 

[SeaMajor7]

What are your plans for celebrating Trump's arrest? I've stocked up on popcorn, and martini fixins.

Take off, hoser.

 

[jknowgood]

$3.65 is nowhere near the record.

It hit $4.06 in 2008. Before Obama.

How do you not remember this? Are you really young or something?

The all-time record is now $4.92 in 2022.

I'm 52, I just Googled highest gas prices and that's what it gave me.

 

[Markle]

Only retards blame an administration which has nothing to do with the causes of the crisis.

Seriously. That's ignorant retard illogic.

But as usual, it will be the current administration's job to dig us out of the ditch we find ourselves in yet again.

By the way, Swiss bank Credit Suisse has just received a bailout from the ECB.

Credit Suisse shares soar after central bank offers lifeline

Credit Suisse shares surged after the Swiss central bank agreed to loan the bank up to 50 billion francs ($54 billion) to bolster confidence in the country’s second-biggest lender following the collapse of two U.S. banks.

apnews.com

 

[22lcidw]

Markets are diving globally. I wonder how Biden managed that?

Our nation is an engine of the world. On Jan. 2021....DOW 31,186....S&P..3848.... NASDAQ..13457....TODAY..DOW 31,861....S&P..3916...NASDAQ..11,630. All of this with trillions and trillions of dollars printed to lube the markets and at least 15% total and 20% on real terms. The Stock Market is on beatdown territory, and it even has the Plunge Protection Team involved. Nasdaq is down the worse.

 

[Markle]

$3.65 is nowhere near the record.

It hit $4.06 in 2008. Before Obama.

How do you not remember this? Are you really young or something?

The all-time record is now $4.92 in 2022.

 

[B. Kidd]

Never before has the Fed raised in a years time the
Prime Rate.In 2022 no time in American History has the
Prime Interest been raised so often and so high.
When the Bond Market collapsed it guaranteed banks like
SVB were in a heap of trouble.
We have gone from Steady Inflation to now a persistent
Recession.Or some form of Stagflation.

You get it!
Stagflation. And Joetard owns it!
Joetard inherited a whole 1.4% inflation rate when his installed Administration took over!

LES GO BRANDON!!

 

[g5000]

wow sounds like they are in quite the position with india and china eating up whatever they don’t need themselves

Russia lost a lot more customers. He lost all of Europe. And now he has to offer deep discounts to his few remaining friends.

 

[Markle]

Markets are diving globally. I wonder how Biden managed that?

Seriously?

The world recognizes that the greatest nation the world has ever seen is being led by a weak, feckless leader who is mentally unfit and pushing the world toward nuclear war.

We're in deep, deep, yogurt!

We're living in extremely dangerous times. If you can't acknowledge that here, I pray you can acknowledge it to yourself.

 

[struth]

Russia lost a lot more customers. He lost all of Europe. And now he has to offer deep discounts to his few remaining friends.

did you read your link? they are selling record purchases and going to be putting a cap on exports

they just got closer to China

 

[g5000]

You get it!
Stagflation. And Joetard owns it!
Joetard inherited a whole 1.4% inflation rate when his installed Administration took over!

LES GO BRANDON!!

Inflation began rising before Biden took office.

And that's because inflation has nothing to do with Biden. None of you have ever explained how it does. You are just blind parroting rubes speaking from ignorance.

As you can see below, as a result in the spike of spending and consumerism, the number of shipping containers and the number of container ships at our California ports surged tremendously to record highs. This overwhelmed the system.

Consumer expenditures rose to an all time high after the pandemic. The pseudocon propagandists would have been praising Trump for this if he were in office, because this is tremendously good news for our economy.

 

[Markle]

Russia lost a lot more customers. He lost all of Europe. And now he has to offer deep discounts to his few remaining friends.

Russia's economy holds up, but growing challenges test Putin

Russia has weathered sweeping Western economic sanctions better than many expected

abcnews.go.com

 

[struth]

u

Inflation began rising before Biden took office.

And that's because inflation has nothing to do with Biden. None of you have ever explained how it does. You are just blind parroting rubes speaking from ignorance.

As you can see below, as a result in the spike of spending and consumerism, the number of shipping containers and the number of container ships at our California ports surged tremendously to record highs. This overwhelmed the system.

Consumer expenditures rose to an all time high after the pandemic. The pseudocon propagandists would have been praising Trump for this if he were in office, because this is tremendously good news for our economy.

Inflation began rising before Biden took office.

And that's because inflation has nothing to do with Biden. None of you have ever explained how it does. You are just blind parroting rubes speaking from ignorance.

As you can see below, as a result in the spike of spending and consumerism, the number of shipping containers and the number of container ships at our California ports surged tremendously to record highs. This overwhelmed the system.

Consumer expenditures rose to an all time high after the pandemic. The pseudocon propagandists would have been praising Trump for this if he were in office, because this is tremendously good news for our economy.

what was the inflation rate the 8 years prior to xiden taking office?

xiden’s policies have everything to do with inflation. He campaigned on destroying the fossil fuel industry the industry reacted, prices went up

 

[g5000]

did you read your link? they are selling record purchases and going to be putting a cap on exports

they just got closer to China

Putin is putting a cap on exports in a desperate attempt to drive up oil prices. Duh.

Russia is NOT selling record amounts of oil. They are selling more oil to China, but a lot less to Europe. The overall balance is less oil being exported from Russia.

You see the drastically shrunk blue portions? That's Putin's loss of sales to the EU.

See the entirely vanished orange portion? That's Putin's total loss of sales to the US.

He has had to offer deep discounts to China and India to make up the difference, but it still is not enough.

 

[struth]

Putin is putting a cap on exports in a desperate attempt to drive up oil prices. Duh.

Russia is NOT selling record amounts of oil. They are selling more oil to China, but a lot less to Europe. The overall balance is less oil being exported from Russia.

You see drastically shrunk blue portions? That's Putin's loss of sales to the EU.

He has had to offer deep discounts to China and India to make up the difference, but it still is not enough.

oh he’s driving up the cost but giving out discounts?? haha

your own link says he just set a record with china for the month.

geez man

 

[B. Kidd]

Inflation began rising before Biden took office.

And that's because inflation has nothing to do with Biden. None of you have ever explained how it does. You are just blind parroting rubes speaking from ignorance.

As you can see below, as a result in the spike of spending and consumerism, the number of shipping containers and the number of container ships at our California ports surged tremendously to record highs. This overwhelmed the system.

Consumer expenditures rose to an all time high after the pandemic. The pseudocon propagandists would have been praising Trump for this if he were in office, because this is tremendously good news for our economy.

Nope. Inflation 1.4% when Joetard took over.
Are you a wannabe Larry Summers or Peter Schiff? You decide.
But please don't lie like some common Bidenista.

 

[g5000]

u


what was the inflation rate the 8 years prior to xiden taking office?

xiden’s policies have everything to do with inflation. He campaigned on destroying the fossil fuel industry the industry reacted, prices went up

You are too ignorant to bother with any more.

Inflation is because of demand shock in consumer goods after the pandemic. Trump's stimulus spending, the Fed's 10+ years of ZIRP, and the $16 trillion of debt by Obama and Trump are the drivers of inflation.

Only a true idiot thinks the causes of inflation were instantaneously caused when Biden was sworn in.

 

[marvin martian]

See?

The tards are this close to blaming the negroes! And TH3 GAYZ.

I blame you. You voted for this.

 

[g5000]

oh he’s driving up the cost but giving out discounts?? haha

your own link says he just set a record with china for the month.

geez man

Yes, he set a record with China. But overall, his oil exports are down. That's as plain as the nose on your face.

China and India can't make up for the EU and US losses.

It's very simple to understand.

As for driving up the cost, Putin is going to cut production going forward because oil is getting perilously close to $60 which is the breaking point for his economy.

 

[g5000]

20 percent key interest rate.

Putin is hurting. Bigly.

When the implosion comes, it will be sudden and catastrophic.