Tornado Alley (PROG)

[fuagf]

Tango__32, Here you go -- How the Russian Oil Price Cap Will Work
"Ukraine war: G7 agrees to impose price cap on Russian oil'
[...]
Of course, there will be some leakiness. Smaller, often privately held companies involved in financing, shipping, and commodities trading and located in Russia or other nonparticipating countries may continue to offer services for shipments of Russian oil, but at higher rates—further eating into the Kremlin’s profits. Neutral refineries, too, will continue to process Russian crude and sell refined products into the global marketplace. But what matters most is that every major multinational business will be unwilling to finance, purchase, trade, ship, and insure Russian oil. For example, 90 percent of maritime insurance .. https://www.fxleaders.com/news/2022/09/05/can-the-g7-price-cap-on-russian-oil-raise-prices/ .. is based in the European Union or Britain and will soon shut out Russia. With ports, shipping lanes, and oil tankers off-limits, Russian oil exports will face logistical hurdles and long delays; already, Russian oil that used to be shipped from Baltic and Black Sea ports to Europe has been rerouted to Asia, where it takes around 30 days longer to arrive .. https://yale.box.com/s/7f6agg5ezscj234kahx35lil04udqgeohttps://yale.box.com/s/7f6agg5ezscj234kahx35lil04udqgeo . All these hurdles ensure that Putin’s profit margin will be seriously eroded.

4. But what about inflation? Won’t sanctioning Russian exports send the prices of oil and gasoline skyrocketing?

Quite to the contrary

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169882911

Some basis for my relative optimism. Also there some additional solid comment,
so good evidence, in support of your earlier ' Putin shift to Asia' comment.

And to echo blackhawks also again, forget Zero Hedge as a credible source for much of anything. By all means
read it if you must, but don't rely on it. They may fluke a decent one, but would be few and far apart. .