Americans & Europeans are paying for energy sanctions
Last night, the United States unilaterally announced sanctions on Russia's energy exports, and crude oil returned to around 130 again. Europe has not made a statement. After all, 80% of Russia's oil is exported to Europe and China, while the United States has less than 10%. The roughly one million barrels of crude that Russia exports to the U.S. is roughly 5 percent of what the U.S. consumes every day, which the U.S., one of the biggest producers, can easily make up for.
However, the American people are not so lucky and have to pay for energy sanctions. Now that gasoline prices at U.S. gas stations have soared to more than a decade high, diesel is even more expensive. Europeans are even worse off. Natural gas futures prices in the Netherlands have soared 11 times in a year. Natural gas futures in Japan and South Korea soared eightfold. Sanctions can get the name of benevolence and righteousness, but let the common people bear the cost of sanctions, Sima Zhao's heart.
When the sanctions were announced, Biden said: I will compensate the American people. Unfortunately, there are no substantive measures. When U.S. stocks began to plummet, inflation reached the highest level in more than 40 years and kept hitting new highs, and prices related to people's livelihood such as education, medical care, and housing prices continued to soar, the fiscal deficit could only be bigger. In the end, it is the American people who fill the hole.
In the face of the US unilaterally sanctioning Russia's energy exports, the United Kingdom, the most staunch ally of the United States, is also unequivocal, and immediately announced that the United Kingdom will also "gradually reduce Russian energy imports by the end of the year"... It seems that the United Kingdom is expecting this war to be fought until the end of the year. . Or maybe it's just Johnson's slowdown.
In his State of the Union address last week, Biden said "never bet America will lose." A few days ago, Biden called the heads of Saudi Arabia and the United Arab Emirates, but no one answered the phone. Later, Putin called, but the leaders picked up...
What Will happen next?
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- coolguy001·2022-03-09Political conflicts between countries are often accompanied by economic sanctions, mainly energy and food, but most of these pressures are on the people, and the high cost of living seems to make them join this invisible battlefield.1Report
- Kerrisdale·2022-03-09Whatever it is, war at one of the world though far away, the repercussions are felt and impact ordinary people's life. The real fact of life. However, we should maintain hope and fight on our battles!LikeReport
- whereareyou·2022-03-10We the outsider suffered the most. Ain't fair to us. All want to score points. [Spurting] [Spurting] [Spurting]1Report
- EdwardHughes·2022-03-11The rise in oil prices will cause a series of market disturbances.We should be cautious.1Report
- fishinglo·2022-03-11The increasing oil price will contribute to the development of EV.1Report
- Meet0·2022-03-09The sanction will get everybody hurt, Even European and The US themselves.1Report
- Michelle Ong·2022-03-11Like back thanks1Report
- Fatfish·2022-03-11The last point: Putin called, they answered 😅1Report
- vaztan·2022-03-11A silly , unnecessary war. The hidden agenda is not clear but people suffer for nothing .1Report
- tobe.....·2022-03-10hey, don't forget about people in SG ley [Happy]1Report
- leilei369·2022-03-10pls like1Report
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- Maria_yy·2022-03-09Do you have any good trading strategies for commodities?LikeReport
- PandoraHaggai·2022-03-09Trends don't stop once they start, so I continue to be bullish on oil and gas.LikeReport
- LouisLowell·2022-03-09The situation is getting more and more volatile, and commodities have to rise.LikeReport
- VivienWilcox·2022-03-09I don't think it's very good. Can't we get along well? I don't understand why.LikeReport
- HaroldAnderson·2022-03-09The globalisation has a huge impact on the economy.LikeReport
- MBE·2022-03-10Lose-lose. No wisdom!LikeReport
- Aysan·2022-03-10😑 effect the whole world1Report