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LaFinlandia@sopuli.xyz to World News@lemmy.worldEnglish · 9 months ago

Putin’s war economy faces pain if Saudis sink global oil prices

www.politico.eu

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Putin’s war economy faces pain if Saudis sink global oil prices

www.politico.eu

LaFinlandia@sopuli.xyz to World News@lemmy.worldEnglish · 9 months ago
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A Saudi move to grab market share will squeeze the Kremlin’s finances, experts argue.
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  • CanadaPlus@lemmy.sdf.org
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    9 months ago

    Fun fact, as of last I checked the Russian interest rate was 19% and rising. This will not help.

    • AngryCommieKender@lemmy.world
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      9 months ago

      Hyperinflation, when?

      • CanadaPlus@lemmy.sdf.org
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        9 months ago

        Yeah, exactly. At some point you have to think people will stop borrowing from the government entirely, and then the central bank is in the equivalent of an airplane stall - they can pull the lever all they want, but nothing will happen. When that actually happens is a question for a real economist.

  • ililiililiililiilili@lemm.ee
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    9 months ago

    Well, today I learned Russia is converting dinosaur juice into 6,200 disposable soldiers each month. That’s depressing as fuck.

    • RubberDuck@lemmy.world
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      9 months ago

      More if you count maimed and disfigured. And that excludes the Ukranians he actively hurts with this.

    • ThrowawayPermanente@sh.itjust.works
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      9 months ago

      Ok but consider that you can turn the soldiers back into juice afterwards. It’s not great fuel but it’s decent lubricant.

    • InverseParallax@lemmy.world
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      9 months ago

      Think those are rookie numbers, they’re hitting 1k days pretty often.

      But yeah, we gotta pump those numbers up.

  • lorty@lemmy.ml
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    9 months ago

    Why would they though? They profit just the same from the high prices.

    • InvertedParallax@lemm.ee
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      9 months ago

      They need the houthis gone and Iran stopped, that doesn’t happen till Russia gives up.

      Russia is trying to set the middle east on fire to pull support from Ukraine, and the middle east is where the saudis keep all their stuff.

    • fine_sandy_bottom@lemmy.federate.cc
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      9 months ago

      They want $100 a barrel. Russia is selling too much at say $90 a barrel. If the Saudis flood the market so it’s only $80 a barrel, it will really fuck Russia’s shit up.

      Saudis are hoping Russia starts playing their game with the price fixing.

  • Media Bias Fact Checker@lemmy.worldB
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    9 months ago
    Politico Europe - News Source Context (Click to view Full Report)

    Information for Politico Europe:

    MBFC: Left-Center - Credibility: High - Factual Reporting: High - Germany
    Wikipedia about this source

    Search topics on Ground.News

    https://www.politico.eu/article/vladimir-putin-war-economy-pain-saudi-arabia-sink-global-oil-prices-energy-russia-opec/

    Media Bias Fact Check | bot support

  • technocrit@lemmy.dbzer0.com
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    9 months ago

    Putin, MBS, Genocide Joe… The state is violently controlled by disgusting sociopaths.

    • Flying Squid@lemmy.world
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      9 months ago

      Are we still doing the Genocide Joe thing? I thought people like you had moved on to “Holocaust Harris” or whatever.

      • ThrowawayPermanente@sh.itjust.works
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        9 months ago

        We’re going to keep doing the Genocide Joe thing until Donald Trump has the nuclear codes

        • Flying Squid@lemmy.world
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          9 months ago

          “Until?”

          You’re hoping for a Trump victory?

          You like the idea of additional genocides on top of the ones already going on?

          • celsiustimeline@lemmy.dbzer0.com
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            9 months ago

            They were illustrating that the morons who parrot “Genocide Joe” are either actively hoping for a Trump win by poisoning Democrat discourse, or are just that stupid they don’t understand how FPTP works and thinks that their impassioned plea for peace in Palestine will convince everyone to vote 3rd party as a monolith.

            • Flying Squid@lemmy.world
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              9 months ago

              Check their comment history. It’s the latter.

              • ThrowawayPermanente@sh.itjust.works
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                9 months ago

                It’s the former. Anyone checking your history would be able to see a pattern of bad faith misinterpretation of other people’s comments, so I’m going to assume that’s what’s going on here, too.

                • Flying Squid@lemmy.world
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                  9 months ago

                  Oh is it now?

    • RubberDuck@lemmy.world
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      9 months ago

      All the same, right? Silly stance!

    • celsiustimeline@lemmy.dbzer0.com
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      9 months ago

      Geopolitics is a dirty game. Most people wouldn’t have the stomach for it. Every world leader has blood on their hands. Let’s move onto more productive conversations.

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