@pj48hfs7jg @AFP@carlquintanilla He is trying to stop it; the war is bad for China's economy and his reappointment come October. He also wants to minimize damage to his relationship with a neighbour country that's adjacent to his and at least partially aligned.
The world pumps ~80m b/d.
Top three countries (40% of world)
US 11.5m b/d
RU10.9m b/d
SA 9.81m b/d
RU is 14% of world prod. 70% of their oil is not being bought. 7+m b/d lost.
https://t.co/W1Fg6Z3YAn
This is a MASSIVE shortfall. If anything, the price has UNDERreacted.
@EdwardAJones80 @BluSuitDillon @sloth_investor Ya, noise, if u have a decades horizon ... cuz there r periods of a decade or so sideways market ... executing a buy and hold strategy requires taking excellent care of your health to ride out all the noise
@SpoilerGuy1BB @SomethingNotIn1@MarkNewtonCMT@fundstrat Mark knew 2022 would be ugly based on his cycles analysis but the house view is Tom's view and that's what we got.
@SpiritofHo This is why government infrastructure spending in China are unproductive investments at this point and Biden's infras spend will be a boon to US economy