Originally Posted by
CBreezy
Oh yes, the flare up in Israel is all Joe's fault. I didn't realize this conflict was new in 2021! I'm glad you're here to provide such unbiased analysis.
And my point still stands. Russia income off oil in April was 8.1B. Prior to western sanctions, it was 22B. To claim like the Russia/Ukraine conflict has no effect on the global economy while somehow claiming the Israeli/Palestinian conflict will someone collapse the global economy because, reasons, shows how little you know.
Ah, I see you like to make stuff up. That's not what I said.
Not all Joe's fault; but definitely some of the blame lies with Joe and his band of incompetents. For both Ukraine and Israel. This wouldn't have happened under a stronger POTUS. And the blame also goes to all Americans who have not held this administration accountable for their extremely weak foreign policy.
Your point on the 'embargo' and negative impacts on Russia is incorrect.
You have no idea of how much Russia exports and the value of those exports, the only people who know how much they're actually exporting and the value of those exports are the Russians. There are likely quite a few barrels that are exported that are not accounted for. Just like Iran's exported oil that wasn't counted during the embargo on their oil
As for the value of their exports, Russia no longer accepts the dollar for their oil so you're trying to compare apples to kumquats. A lot of games can be played with the value of their 'accoounted for' exports.
https://www.reuters.com/business/ene...es-2023-07-03/
This European think tank indicates no reduction in Russian exports as of earlier this year.
https://www.bruegel.org/dataset/russ...de-oil-tracker And that's trackable oil; we don't know how much isn't/can't be tracked.
Finally, I never stated that the global economy will collapse. Here's the EXACT quote:
Originally Posted by
Andy
This is black swan territory and could seriously damage both domestic and international air travel.
I stand by that statement.
You, on the other hand, seem to indicate that there's no way that this conflict could cause a worldwide economic collapse, as Ukraine is (in your mind) much more of a problem and there has been little negative impact from that conflict. You have ignored my Strait of Hormuz comments so I assume you see no risk of it being shut down by Iran. Ignorance is bliss.