International Trump’s Backfiring Trade War Could Crash Putin’s Economy

MeatheadMike

MeatheadMike

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Trump's trade war is apparently causing oil prices (which is essentially Russia's life blood) to crash.
I guess sometimes the unintended results of incompetence are just as good as 12D chess.



NY Times

President Trump spared Russia from the tariffs he had imposed on 180 other nations in a bid to reshape global trade. But that did not exempt the country from the ensuing economic havoc.
The price of oil, the lifeline of Russia’s economy and war machine, has fallen nearly 15 percent since Mr. Trump announced the tariffs on April 2, setting off fears of a global recession. This week, the U.S. president suspended many of the levies for 90 days. The damage to the global economic outlook, which drives oil prices, is likely to be more lasting.

If the oil slump continues, the Kremlin is likely to begin cutting spending as soon as this summer, analysts say, and the slashing could eventually hit the military.
Click to expand...

Moscow Times

U.S. President Donald Trump’s policies, once seen as a potential lifeline for his Russian counterpart Vladimir Putin, are finally delivering a harsh and unintended punishment to Moscow.
In a stunning irony, Trump’s tariff war and reckless trade policies have sent Russian stocks plummeting and oil prices crashing to their lowest levels in four years — potentially sinking the Russian economy in the very way he sought to avoid.


Brent crude is now at just $63, while Urals, Russia’s key export blend, plunged to almost $50 per barrel. This is far below what the Kremlin needs to break even, delivering a severe blow to an already fragile economy. These rock-bottom prices threaten Russia’s strapped budget and all but guarantee another devaluation of the ruble in the coming months.
Click to expand...
 
8D Chess... Winning!

I have said this forever as has many on the Right and some of Trump's team. If you crash the oil price, Russia can't wage war. Anyone thinking this is an accident isn't much of a thinker.

How is this backfiring? Thread title seems very TDS-ish.
 
Whippy McGee said:
8D Chess... Winning!

I have said this forever as has many on the Right and some of Trump's team. If you crash the oil price, Russia can't wage war. Anyone thinking this is an accident isn't much of a thinker.

How is this backfiring? Thread title seems very TDS-ish.
Click to expand...
Thread title was copied from the Moscow Times article title.
So I guess the Moscow Times has TDS now.
 
Whippy McGee said:
8D Chess... Winning!

I have said this forever as has many on the Right and some of Trump's team. If you crash the oil price, Russia can't wage war. Anyone thinking this is an accident isn't much of a thinker.

How is this backfiring? Thread title seems very TDS-ish.
Click to expand...
Trump's tariffs have been definitive, steadfast, and are supported by an extremely solid mathematical formula. This is clearly someone who knows what they're doing!
 
mr-magoo-car.gif
 
The other thing too going on is that Trump is all in favor of more oil and natural gas production. More supply should lead to lower prices also.

I saw too that Trump is trying to get Europe to stop buying natural gas from Russia and instead buy from America plus some. Makes sense in light of the Ukraine/Russia war. Europe is sending money to support Ukraine's military while buying Russian natural gas which supports Russia's military.

Trump Has a $350 Billion Deal for Europe: Buy Our Energy​



....Still, there is room for modest purchases. Europe could replace the liquefied natural gas it still imports from Russia, said Itkonen. That was a modest $7.2 billion last year, or 16% of the EU’s total LNG imports by volume.....

&

More Winning: Gulf of America Oil and Gas Production Set to Explode​


 
Beechwood said:
The other thing too going on is that Trump is all in favor of more oil and natural gas production. More supply should lead to lower prices also.

I saw too that Trump is trying to get Europe to stop buying natural gas from Russia and instead buy from America plus some. Makes sense in light of the Ukraine/Russia war. Europe is sending money to support Ukraine's military while buying Russian natural gas which supports Russia's military.

Trump Has a $350 Billion Deal for Europe: Buy Our Energy​



....Still, there is room for modest purchases. Europe could replace the liquefied natural gas it still imports from Russia, said Itkonen. That was a modest $7.2 billion last year, or 16% of the EU’s total LNG imports by volume.....

&

More Winning: Gulf of America Oil and Gas Production Set to Explode​


Click to expand...

They found an additional 1.3 billion barrels, for a total of 7 billion barrels of oil & oil equivalents in the entire Gulf. This is about 2 years worth of oil at current US consumption rates. 1.3 billion barrels is a rounding error compared to the total reserves of the US, in other words, it's just hype. Also, going by the article these are going to be well which are mostly on the outer continental shelf, in other words, deep water wells. Drilling & production costs ain't gonna be cheap and will require relatively high oil prices to be profitable.
 
Whippy McGee said:
8D Chess... Winning!

I have said this forever as has many on the Right and some of Trump's team. If you crash the oil price, Russia can't wage war. Anyone thinking this is an accident isn't much of a thinker.

How is this backfiring? Thread title seems very TDS-ish.
Click to expand...
Trump is bad when they do something they dislike, and dumb when he does something they like. That's life.

WINNING!
 
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