The ZOG countries think they can put a price cap on Russian oil. This topic was discussed at the G7 summit. Japan is saying that they will somehow force Russia to sell their oil at half the market price.
Stop digging… before it is too late! #Oil #Russia #Ukraine #G7 #Japan
Price cap on Russian oil to be about half of the current price, Kishida says | The Japan Times https://t.co/4inIX4xDjc— Anas Alhajji (@anasalhajji) July 3, 2022
There are other people who are just as puzzled at this plan as I am.
The G7 price cap on Russian oil idea confuses me. Won't India and China just buy at cap price + epsilon?
Won't OPEC resent having cut price oil be bought first ahead of their own sales?
How will this work?— Adam Posen (@AdamPosen) June 26, 2022
How does that work?
G7 sets Russian oil price cap at $40
China offers $100 because that is cheaper than world price of $110.
G7 tells China that is not the price we set. https://t.co/kTSvmjsB8B
— Wall Street Silver (@WallStreetSilv) June 28, 2022
Pres. Biden has a new plan to end high gas prices: impose a PRICE CEILING on Russian oil. SPOILER ALERT: Price controls & buyers’ cartels never work. This, among other examples, is why Biden has been entered in my Encyclopedia of Economic Stupidity.https://t.co/VbWoWkOh8w
— Steve Hanke (@steve_hanke) July 1, 2022
I have no idea how this can work logistically. Whoever controls the product which in this case is Russia has all the leverage. They can sell their product for whatever price they damn well please.
Are they claiming that they can just force any other country in the world to buy oil for prices that they unilaterally dictate? Or are they just going to tell countries within the ZOG system that they can’t buy oil from Russia over a certain price? It’s not even clear what these people are trying to do.
It’s almost as if these people think they have omnipotent powers even though everything they have done against Russia has totally backfired and failed. This crazy scheme will be no different as nobody seems to be able to explain how this can be implemented.
