Friday, September 16, 2022

Using the Payments System to Enforce an Russian Oil Price Cap Likely to Cause Supply Shock — Yves Smith

$300 oil? What would that do to the global economy?

Naked Capitalism
Using the Payments System to Enforce an Russian Oil Price Cap Likely to Cause Supply Shock
Yves Smith

Also from Yves

US Is Becoming a ‘Developing Country’ on Global Rankings that Measure Democracy, Inequality

3 comments:

Peter Pan said...

https://www.worldatlas.com/articles/continents-by-population-density.html

Continents by Population Density

Rank - Continent - Population Density (Km Squared) , Population Density (Mi Squared)
1 - Asia - 95.03 per sq km , 246.11 per sq mi
2 - Europe - 72.51 , 187.84
3 - Africa - 33.66 , 87.15
4 - North America - 22.13 , 57.29
5 - South America - 22.00 , 56.90
6 - Australia - 3.12 , 8.37

Guess who's going to run out of energy and resources first?

As Asia reaches western levels of consumption, they accelerate their own demise.
Russia will be sitting pretty however, as will Canada. The last vestiges of a modern way of life will be confined to underpopulated countries.

Peter Pan said...

Saturday Commentary and Review #98 - Niccolo Soldo
https://niccolo.substack.com/p/saturday-commentary-and-review-98

Hungary as "Electoral Autocracy", Giorgia Meloni on Cusp of Power in Italy, America's Disappearing Middle Classes, "Wokeness Loyalty Oaths", Re-assessing the 60s TV Show "The Prisoner"

Matt Franko said...

Oil porn…