A few weeks ago, the US bank JP Morgan offered an apocalyptic warning that barely made a ripple outside the financial press. It said that if Russia completely halted oil exports, the shock to the world economy could be so large it would instantly quadruple the price of oil to nearly $400 a barrel. - Upgoat

A few weeks ago, the US bank JP Morgan offered an apocalyptic warning that barely made a ripple outside the financial press. It said that if Russia completely halted oil exports, the shock to the world economy could be so large it would instantly quadruple the price of oil to nearly $400 a barrel.
submitted by paul_neri to world 1.8 yearsJul 18, 2022 03:38:55 ago (+24/-1) (world)

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[ - ] Lin_Ching_Yu 4 points 1.8 yearsJul 18, 2022 04:17:26 ago (+4/-0)

When Saudi Arabia and Turkey join brics it will be happening.

[ - ] Sleazy 4 points 1.8 yearsJul 18, 2022 03:50:15 ago (+4/-0)

$4000 a barrel will be so awesome!!

[ + ] paul_neri

[ - ] paul_neri [op] 2 points 1.8 yearsJul 18, 2022 03:52:26 ago (+2/-0)

where did you get the thousands? Do you know something we don't?

[ + ] Sleazy

[ - ] Sleazy 8 points 1.8 yearsJul 18, 2022 04:44:55 ago (+8/-0)

hyperinflation is coming

[ - ] ArnoBreker 3 points 1.8 yearsJul 18, 2022 09:27:38 ago (+3/-0)

Although this is not oil, it's natural gas (in the link below), it's also huge news. I remember reading those articles you mention in your title on ZH and other places:

https://www.zerohedge.com/energy/gazprom-declares-force-majeure-will-halt-gas-flows-germany-indefinitely

[ + ] Steelerfish

[ - ] Steelerfish 3 points 1.8 yearsJul 18, 2022 09:38:15 ago (+3/-0)

Completely unrelated and merely just a coincidence….
https://slaynews.com/news/four-us-natural-gas-facilities-destroyed-two-weeks/

[ + ] ArnoBreker

[ - ] ArnoBreker 1 point 1.8 yearsJul 18, 2022 10:52:00 ago (+1/-0)

Yeah I heard, absolutely nuts.

[ - ] Cellphone 1 point 1.8 yearsJul 18, 2022 15:29:06 ago (+1/-0)

Consider the alternative- The CABAL knows Russia will soon prevail and stop further offensive actions. This will give Europeans an excuse to drop all sanctions against Russia and once again be sucking from the teat of Russia for their energy requirements lest they be facing a mutiny in their own countries as citizens go cold as winter approaches in just 3 months' time.

The true market is pricing in the renewed supply of Russian fuels and beginning to drop. Why else would they need to blow up four USA natural gas facilities in the very recent past weeks?

In this case the speculation foisted upon us by these financial blowhards is just to try squeezing options' contract revenue from those who buy into their drivel.

[ - ] BlueEyedAngloMasterRaceGod 1 point 1.8 yearsJul 18, 2022 15:24:04 ago (+1/-0)

russia has been making more money than ever, why would they halt? you mean if the west totally sanctioned it.. meaning the west would be purposely plunging the global economy into chaos.

[ - ] HeavyBeefCurtains 1 point 1.8 yearsJul 18, 2022 12:04:31 ago (+1/-0)

they should do it for the luls

[ - ] bobdole9 1 point 1.8 yearsJul 18, 2022 12:02:17 ago (+1/-0)

Member when President Orange Man Mean Tweets Bad had policies that made us energy independent, so we didn't need to give a shit about what other countries were doing?

Good times.

[ - ] Leveraction 1 point 1.8 yearsJul 18, 2022 10:42:29 ago (+1/-0)

Paul neri is a troll.
Ignore this piece of shit

[ + ] paul_neri

[ - ] paul_neri [op] 0 points 1.8 yearsJul 18, 2022 22:30:57 ago (+0/-0)

True but even trolls post worthwhile stuff! Be more analytical.

[ - ] Crackinjokes 0 points 1.8 yearsJul 18, 2022 10:20:02 ago (+0/-0)

USA taps will get turned on again at some point.

I don't know how bad it will have to get but it will happen.

[ - ] QuestionEverything 0 points 1.8 yearsJul 18, 2022 09:25:15 ago (+0/-0)

JP MORON is wrong about shit every minute.

[ - ] bonghits4jeebus 0 points 1.8 yearsJul 18, 2022 04:32:07 ago (+1/-1)

They won't, though, because it's their main source of foreign currency.

[ + ] we_kill_creativity

[ - ] we_kill_creativity 4 points 1.8 yearsJul 18, 2022 06:56:00 ago (+4/-0)

Except they're clearly making moves to replace selling oil from Europe/America to the BRICS nations which completely out number Europe/America and whose economies are expanding, not declining...it would be stupid of them NOT to stop selling oil to us...which is why the sanctions are not only asinine, but backfiring in our faces.

[ + ] Steelerfish

[ - ] Steelerfish 3 points 1.8 yearsJul 18, 2022 09:40:15 ago (+3/-0)

The sanctions aren’t backfiring at all. They are doing exactly what Klaus Schwab, Xi JinPing, and Soros want them to do.

[ + ] GlowNiggerDick

[ - ] GlowNiggerDick 1 point 1.8 yearsJul 18, 2022 10:36:58 ago (+1/-0)

Yup this whole Ukraine war was setup by the ZOG. Biden allowed shell to work with Ukraine to give Russia the last bit of political capital they needed to start a war in Ukraine. Now the entire oil industry gets to make more money than they would have drilling in Ukraine without having to spend anything on infrastructure. On top of huge subsidies going to the most corrupt and now unaccountable country in the world. All this stuff is pretty obvious when you know how to interpret the news.

[ + ] BlueEyedAngloMasterRaceGod

[ - ] BlueEyedAngloMasterRaceGod 0 points 1.8 yearsJul 18, 2022 15:22:51 ago (+0/-0)

the numbers say otherwise. europe/america make up almost the entire buying market. it doesn't matter if there's 'more people' elsewhere and they're 'developing', they're not making up those numbers anytime soon and probably not in the future either cause they never actually 'develop'.

[ + ] bonghits4jeebus

[ - ] bonghits4jeebus 0 points 1.8 yearsJul 18, 2022 15:38:25 ago (+0/-0)

Op said

if Russia completely halted oil exports

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