“Analysts said the mention of sanctions would alarm an oil market already on edge by the prospect of a showdown with Russia over oil exports…”
Source: t.co/nNusRIAVv8
— Gold Telegraph ⚡ (@GoldTelegraph_) September 10, 2022
BREAKING NEWS:
RUSSIA IS WARNING THE WEST THAT PLANS TO TRY TO CAP THE PRICE OF RUSSIA'S OIL AND GAS EXPORTS WOULD FAIL AND ULTIMATELY LEAD TO THE INSTABILITY OF THE UNITED STATES AND EUROPE
— Gold Telegraph ⚡ (@GoldTelegraph_) September 9, 2022
The G7 price cap is coming in December. Putin will cut oil exports beforehand, to spike oil prices and break the G7 coalition. As Russia has little storage, it must "shut in" wells. That's costly, as oil wells "break." Production never recovered after the 2020 COVID shut ins… pic.twitter.com/0Y0HGz2MEQ
— Robin Brooks (@RobinBrooksIIF) September 10, 2022
Dutch Minister of Economic Affairs’ emergency plan:
“When gas shortages arise 250,000 companies MUST reduce gas use by 20%. If this doesn’t solve the problem, companies and entire sectors will be shut down.”
Let’s hope it doesn’t come this far as it would destroy the economy. pic.twitter.com/NuS0qiDbVU
— Jan Nieuwenhuijs (@JanGold_) September 10, 2022