Larry Elliot of the Guardian is an odd figure in the pundit world and is usually as wrong-headed as the Ambrose Pritchard twit scribbling for the D Telegraph.
His article has omitted to mention the not entirely insignificant facts that Russia's expenditure on materiel for Putin's war is costing over $100 billions a year, his economy has shrunk by a devastating 12% already, inflation is rising to 22% and his supply network, largely dependent upon the West, has dried up reducing the availability of hundreds of products affecting the daily life of his population. But most importantly, the billions held by his front men oligarchs, over half a trillion $, is now unavailable and in many instances have been frozen in a process leading to confiscation.
Putin is fucked and the decisions by the West to further bolster Ukraine's economy and to pay for its defence, aid currently worth $70 billions, means that sooner or later Putin will be compelled to negotiate or risk a coup ....unless of course he dies.
Sometimes, you have to take the longer view and that means as time passes the West's reliance on Putin's oil and gas diminishes all the more and the longer his incompetent and ill-supplied forces will be pulverised in the UKR meat grinder.
Starving Africans are irrelevant and in truth they can eat rice but the rest of the world can compensate for the current strained wheat supply in due course.
Elliot is simply on the more neurotic side of forecasts - like all the climate change numpties he thinks we're all going to die in 80 years anyway.
I'm not here to butter your ass gentlemen- just the facts. Your side is not 'winning the war', the sanctions are not working as anticipated, Russia's financial position is strong, Ukraine is losing territory, Europe is suffering- to some extent we all are. How long is this sustainable? Another Afghanistan, or Vietnam? Who benefits- certainly not your Ukrainian jackboot mates.
Except your video's title - wrong again.
29th OPEC and non-OPEC Ministerial Meeting
No 12/2022
Vienna, Austria
02 Jun 2022
'The 29th OPEC and non-OPEC Ministerial Meeting was held via videoconference on 2 June 2022. The Meeting noted the most recent reopening from lockdowns in major global economic centers. It further noted that global refinery intake is expected to increase after seasonal maintenance. The Meeting highlighted the importance of stable and balanced markets for both crude oil and refined products.
- "Reconfirm the production adjustment plan and the monthly production adjustment mechanism approved at the 19th OPEC and non-OPEC Ministerial Meeting and the decision to adjust upward the monthly overall production by 0.432 mb/d for the month of July 2022.
- Advance the planned overall production adjustment for the month of September and redistribute equally the 0.432 mb/d production increase over the months of July and August 2022. Therefore, July production will be adjusted upward by 0.648 mb/d as per the attached schedule."
OPEC : 29th OPEC and non-OPEC Ministerial Meeting
A tray full of GOLD is not worth a moment in time.
Except your video's title - wrong again.
29th OPEC and non-OPEC Ministerial Meeting
No 12/2022
Vienna, Austria
02 Jun 2022
'The 29th OPEC and non-OPEC Ministerial Meeting was held via videoconference on 2 June 2022. The Meeting noted the most recent reopening from lockdowns in major global economic centers. It further noted that global refinery intake is expected to increase after seasonal maintenance. The Meeting highlighted the importance of stable and balanced markets for both crude oil and refined products.
"Reconfirm the production adjustment plan and the monthly production adjustment mechanism approved at the 19th OPEC and non-OPEC Ministerial Meeting and the decision to adjust upward the monthly overall production by 0.432 mb/d for the month of July 2022.
Advance the planned overall production adjustment for the month of September and redistribute equally the 0.432 mb/d production increase over the months of July and August 2022. Therefore, July production will be adjusted upward by 0.648 mb/d as per the attached schedule."
OPEC : 29th OPEC and non-OPEC Ministerial Meeting
2 Jun, 2022 16:39 HomeBusiness News
OPEC+ to boost oil production
The group has agreed to open the taps to cool rising energy prices
"The Organization of the Petroleum Exporting Countries and allies, known as OPEC+, agreed on Thursday to increase oil production to offset Russian output losses and ease soaring prices.
According to a press release published on its website, the group will hike output by 648,000 barrels per day (bpd), or 0.7% of global demand, over the months of July and August.
The initial plan said the group would add 432,000 barrels per day every month until the end of September.
The move will likely be seen as a sign of willingness by Saudi Arabia and other OPEC Gulf nations to pump more after months of pressure from the West to address global energy shortages worsened by sanctions on Russia.
According to industry estimates, the growing economic pressure could reduce production from Russia, the world’s second largest oil exporter, by as much as 2 million to 3 million bpd. The country was already producing below its OPEC+ target of 10.44 million bpd in April, with output running at around 9.3 million bpd.
Reuters analysts say the real production boost will be insignificant, as most OPEC members except for Saudi Arabia and the United Arab Emirates were already pumping at capacity.
Oil prices rose despite the output hike decision, with benchmark Brent trading at $118 a barrel and the US WTI headed towards $117 at 16:00 GMT. Earlier this year, crude soared to the highest price since 2008, hitting $147 per barrel."
DDOS-GUARD
Last edited by OhOh; 05-06-2022 at 12:00 AM.
4 Jun, 2022 13:33 HomeBusiness News
Grain prices go down after Putin's pledge
The drop to two-month lows comes after the Russian president’s statement on Ukrainian exports.
"Global grain prices have fallen to April levels following Russian President Vladimir Putin’s promise to ensure the safe export of Ukrainian grain through Black Sea ports controlled by Russia.Wheat was trading at $10.4 per bushel (27.2kg) on Friday, data from the Chicago Board of Trade shows. That was its lowest price since April 7, when it was quoted at $10.2 per bushel, and a 10% drop from its peak price in mid-May.
Prices of corn for animal fodder were also down this week, falling to $7.27 per bushel.
Grain prices rose last month on fears that Russia’s ongoing military operation would prevent Ukraine's grain exports from reaching buyers. Western countries accused Russia of impeding exports, but Moscow has repeatedly stated that it is not to blame and that the ships carrying Ukrainian grain are unable to leave ports due to mines placed in the area by Kiev’s forces. Putin on Friday once again said that Russia is in no way responsible for holding up shipments and promised to assist in the ships’ passage.
“As for the export of Ukrainian grain, we do not interfere with this… It was not we who mined the passages to the ports. Ukraine mined them. I have already told all of our colleagues many times: [Ukraine] should clear the mines and allow the ships with grain leave the ports. We guarantee peaceful passage without any problems,” Putin said during an interview with the Rossiya 24 TV channel. He also noted that there are several other ways to export grain, including via the ports of Berdyansk and Mariupol, which are under Russia’s control, or via the Danube River, through Hungary, Poland or Belarus.
Fears over the fate of Ukrainian grain have led to warnings of food insecurity and hunger in the past weeks, especially in poorer nations. According to Coldiretti, Italy’s association representing agricultural producers, Ukrainian ships must be allowed to move from ports as soon as possible, especially as the country’s warehouses will soon need to accommodate the new harvest.
“The departure of ships from the ports of the Black Sea means the emptying of Ukrainian warehouses where over 20 million tons of grain including wheat, barley and corn destined for exports are stored… The [ship] blockade raises risks of riots and famine,” Coldiretti said in a statement published on its website on Friday.
Ukraine ranks sixth among the world’s wheat exporters. Together, Russia and Ukraine supply nearly 30% of the wheat exported globally. According to Coldiretti, countries such as Egypt, Turkey, Bangladesh and Iran buy more than 60% of their wheat from Russia and Ukraine, while Lebanon, Tunisia, Yemen, Libya and Pakistan are also heavily dependent on supplies from the two countries."
Grain prices go down after Putin's pledge — RT Business News
Hoohoo is still upset that the Ukrainians would rather have a Революція гідності than kow tow to the murderous, thieving puffy. He's never forgiven them. Whiny little putin arse kisser that he is.
"Europe has to get out of the mindset that Europe's problems are the world's problems"
https://hindustantimes.com/india-news/no-
When asked about India's position on the Ukrainian-Russian conflict & pressed to pick a side, India's foreign minister, S Jaishankar, politely, told the EU to f*ck off
india-not-sitting-on-fence-jaishankar-says-europe-has-to-change-mindset-101654245499431.html
Some appear to believe Russia's SMO is too slow. Preferring a "shock and awe" start, leading to a "runaway in the middle of the night" as illustrated since the 1960's method of loosing wars.
Here are a few possible reasons, from an Australian commentator, for the Russian SMO strategy:
"The world should be thankful of Russia for choosing the SMO:
The SMO minimizes Russian casualties.
The SMO exposes, more so by the day, the incompetence and weaknesses of the 5-eyes and NATO, the 16% sanctions disasters, in front of the world to witness.
The SMO gave China all it needs to find out to prepare for the eventual head on collision against the 5-eyes, whether NATO is part of that conflict remains to be seen.
The SMO gives the world the information to choose between US$ vs. an alternative currency reserve.
The SMO also minimizes the risk of a nuke fiasco, since it is more unlikely that a creeping loss would prompt the desperate trigger by the NaGastan "leader"."
Last edited by OhOh; 05-06-2022 at 06:56 PM.
Really?
Republican senator mentions nuclear strikes when asked about possible US action against Russia
Mississippi senator and Armed Forces panel member suggests massive war with Russia
John BowdenWednesday 08 December 2021 01:30
"During his remarks, which echoed others he made on CNN, Mr Wicker said that US policy is to keep all options on the table when the potential for military conflict arises, including the use of nuclear weapons"
Republican senator brings up nuclear strikes when asked about possible US action against Russia | The Independent
Biden Sticks With Longstanding U.S. Policy on Use of Nuclear Weapons Amid Pressure From Allies
The president stepped back from a campaign promise that the sole purpose of nuclear weapons should be to deter nuclear attacks
By Michael R. Gordon
Updated March 25, 2022 12:38 am ET
"President Biden, stepping back from a campaign vow, has embraced a longstanding U.S. approach of using the threat of a potential nuclear response to deter conventional and other nonnuclear dangers in addition to nuclear ones, U.S. officials said Thursday"
Biden Sticks With Longstanding U.S. Policy on Use of Nuclear Weapons Amid Pressure From Allies - WSJ
Exclusive: Zelensky says world should be prepared for possibility Putin could use nuclear weapons
By Jeremy Herb, CNN
Updated 0005 GMT (0805 HKT) April 16, 2022
"April 17, 2022, at 9am ET on 'State of the Union'
"Ukrainian President Volodymyr Zelensky told CNN Friday that "all of the countries of the world" should be prepared for the possibility that Russian President Vladimir Putin could use tactical nuclear weapons in his war on Ukraine."
https://edition.cnn.com/2022/04/15/p...ntv/index.html
The spectre of tactical nuclear weapons use in Ukraine
"President Biden recently signed a memorandum allowing the US nuclear weapons use in retaliation for a chemical or nuclear attack."
https://www.aljazeera.com/features/2...use-in-ukraine
Did Ukraine give up nuclear weapons?
"Even beyond this, it is not clear that Ukraine would have been able to take control of former Soviet nuclear weapons, technically or politically.
https://www.icanw.org/did_ukraine_give_up_nuclear_weapons
A number of threats, Ukraine has NPS creating high levels of radio active devices. But let's assume no assistance has been given to Ukraine similar to the now admitted CW Biolabs created, managed and staffed with "foreign" experts.
Your comment not only lacks perspective but is such a reductive muddle one might suspect you are re-entering your adolescence.
The NATO intervention in Afghanistan achieved its aim and largely eradicated AQ and killed its leader responsible for the US attacks. The point recognized by all is that no democratic government can function there and the exeunt was a pragmatic acceptance but the fact remains, if the Taleban permit a repetition of their state sponsored attacks on the West then they will once again be deposed but this time their destruction will be a tad more focused.
but back to Russia. Putin’s economy is smaller than Italy’s and it is decreasing all the time the sanctions remain in force. Oil and gas prices will reduce with increased global supply and the West’s economies, accounting for 30% of the global total, will continue to thrive while Putin will wither on the vine of his isolation dependent upon the sale of his energy supplies to peripheral economies such as India and the SE Asian minnows about to feel the ire of Uncle Sam. India accounts for a mere 2.5 % of global GDP in case others are still inclined to post irrelevant drivel about the importance of wobbleheads and their nazi leaders.
Vietnam has as much relevance to the current real politik as you have Sabang to considered opinion.
Putin’s gangster crew thought their invasion would end in victory with the total capitulation of Zelensky’s government within 48 hours of its launch.
I rather think the current status quo indicates who the winner is, you idiot, and in case you have been sucking on the soma of your delusions Russia will not return to the global economy until it pays reparations for the reconstruction and return of the Donbas etc.
Russia is irrelevant to the world, the West is not and the West will determine the outcome of his invasion in much the same way the West destroyed Russia’s communist fantasy.
It’s all about the money and freedom, and Russia is a busted flush.
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