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Anyone buying most anything from Belarus or Russia is funding Russia's war effort. Saudi Arabia refusing to release more oil into global supply keeps prices hi

by cmurf 5y ago

Anyone buying most anything from Belarus or Russia is funding Russia's war effort. Saudi Arabia refusing to release more oil into global supply keeps prices high and indirectly results in Russia profiting more from each petrol sale. Europeans buying energy from Russia are helping Russia pay to bomb Ukrainians. It doesn't matter what is intended. The effect is it helps Russia fund this and future operations.

sfe22 5y ago
Lets not forget about the fed that is printing trillions that are being used to bid up oil prices. It is easy to blame saudis here but in this case the fed is doing more damage.
- bendbro 5y ago
  What is the process by which this happens?
  - sfe22 5y ago
    1. Print money 2. Use said money to bid oil prices up
    - bendbro 5y ago
      Heh, I hear ya, I thought there might be a nasty oil specific mechanism I didn't know of.
- ahtihn 5y ago
  That makes 0 sense. Why would the printed money cause specifically oil to go up and not everything else along with it? And if everything else goes up, then it doesn't matter.
  - sfe22 5y ago
    You found something that did not go up?
    - fomine3 5y ago
      Salary!
      - sfe22 5y ago
        Wrong.
baq 5y ago
oil prices rising so fast here is partly caused by self-sanctioning of western buyers - there are no bids for russian oil. they can't sell even at a discount. this is a SHTF situation around the world.
tomp 5y ago
Is there any oil-exporting country that’s not invading another country? Maybe Norway, and Venezuela (which is also sanctioned by the West)?