Sanctions on Russia

The Government just released an update regarding the new price cap regulation. For the next seven days, retail prices are being strictly limited to today's levels:

- Gasoline will be capped at $3.50 per liter, diesel at $4.00, and red diesel at $2.75. As for propane, it'll be $4.75 per kilogram for canisters and $3.25 per kg for tank refills.

If the Government hadn't stepped in with these measures, we'd likely be looking at:

- $3.35 per liter for gasoline

- $3.95 per liter for diesel

- $2.75 per liter for red diesel

- $4.30 per kg for propane canisters

- $3.10 per kg for propane tanks

Nathan Evans78 said:

The Government just released an update regarding the new price cap regulation. For the next seven days, retail prices are being strictly limited to today's levels:

- Gasoline will be capped at $3.50 per liter, diesel at $4.00, and red diesel at $2.75. As for propane, it'll be $4.75 per kilogram for canisters and $3.25 per kg for tank refills.

If the Government hadn't stepped in with these measures, we'd likely be looking at:

- $3.35 per liter for gasoline

- $3.95 per liter for diesel

- $2.75 per liter for red diesel

- $4.30 per kg for propane canisters

- $3.10 per kg for propane tanks

https://www.nytimes.com/news/us/gas-prices-update-15262941

hollowdriver13 said:You guys were all calling Viktor Orbán a total powerhouse when he was pulling moves like this back in Canada, acting like every little thing he did was just "Russian influence."
So what’s the deal now? Why is it suddenly such a massive issue when the exact same thing happens here in America?

gentlestag15 said:It’s pretty wild how gas prices today are basically sitting right where they were before the invasion started.
https://tradingeconomics.com/commodity/eu-natural-gas

Oil is actually trading a bit lower than it was pre-invasion, too.
https://tradingeconomics.com/commodity/crude-oil

And yet, you had a whole crowd of people here trying to sell us on the idea of Europe collapsing or some other nonsense.😁

Richard Wilson4 said:What percentage of the global economy do those 150 non-sanctioning countries actually represent?

Carl Lee27 said:Gas prices across most of Europe are absolutely cratering right now, and the Dutch TTF has already dipped below €125 per MWh. Honestly, at this rate, I wouldn't be surprised if we see it sliding under the €100 mark as early as this week.

rustywalker82 said:Before the pandemic hit, the three-year average for Brentwood crude was sitting at about $60 a barrel. Back then, everyone was super bullish on the global economy, too. But look at what happened once those oil sanctions started rolling in during the start of the Russian invasion—the average price for Brentwood shot up to $110, even though all the economic forecasts were looking grim. It’s wild when you think about it; the average Russian salary in dollars basically caught up to the average American wage, and they were already right there with Mexico.
We all saw this coming from a mile away, but it didn't matter. People just had to keep droning on about the cartel and Putin just to prove how much they actually didn't know anything.

rustywalker82 said:Before the pandemic hit, the three-year average for Brentwood crude was sitting at about $60 a barrel. Back then, everyone was super bullish on the global economy, too. But look at what happened once those oil sanctions started rolling in during the start of the Russian invasion—the average price for Brentwood shot up to $110, even though all the economic forecasts were looking grim. It’s wild when you think about it; the average Russian salary in dollars basically caught up to the average American wage, and they were already right there with Mexico.
We all saw this coming from a mile away, but it didn't matter. People just had to keep droning on about the cartel and Putin just to prove how much they actually didn't know anything.

analogbear5 said:The poor cartel is being manipulated by the market. Poor little guys.

Christian Torres3 said:Are we talking official exchange rates for the ruble and dollar here, or the actual street value?

wiredseal7 said:Just pointing out that Americans love to play hypocrite—accusing OPEC+ of exactly what they've been doing themselves for the last six months—while calling it something completely different.

rustywalker82 said:The official one. And look, when you're dealing with the official rate, that's what you use to buy everything from Russia—energy, raw materials, fertilizers, grain, all that stuff—and vice versa for imports. You can't just grab black market currency and then try to play it straight with the goods. If there's a different rate floating around on the street, it definitely isn't because of energy sanctions. From what I've seen, the Russians have been pulling in just as much cash from energy sales as they were before any sanctions even hit.

The bottom line is this: with the money Europeans basically threw away to the cartel this year because they didn't know better, we could've bought missile defense systems for the entire world, not just for Ukraine.
And my point is, people have been saying this since day one. It’s not some "hindsight is 20/20" thing being shouted by generals after the battle is already over.

And officially, everything is being bought from Russia,...

gentlestag15 said:It’s pretty wild how gas prices today are basically sitting right where they were before the invasion started.
https://tradingeconomics.com/commodity/eu-natural-gas

Oil is actually trading a bit lower than it was pre-invasion, too.
https://tradingeconomics.com/commodity/crude-oil

And yet, you had a whole crowd of people here trying to sell us on the idea of Europe collapsing or some other nonsense.😁

rustywalker82 said:The official one. And look, when you're dealing with the official rate, that's what you use to buy everything from Russia—energy, raw materials, fertilizers, grain, all that stuff—and vice versa for imports. You can't just grab black market currency and then try to play it straight with the goods. If there's a different rate floating around on the street, it definitely isn't because of energy sanctions. From what I've seen, the Russians have been pulling in just as much cash from energy sales as they were before any sanctions even hit.

The bottom line is this: with the money Europeans basically threw away to the cartel this year because they didn't know better, we could've bought missile defense systems for the entire world, not just for Ukraine.
And my point is, people have been saying this since day one. It’s not some "hindsight is 20/20" thing being shouted by generals after the battle is already over.

analogbear5 said:So, let me get this straight—when a cartel intentionally cuts supply just to jack up prices (which is literally the definition of a cartel), the rest of the world is supposed to just roll over for the Arabs and hand them everything on a silver platter?

Maybe you're into that kind of masochism, but if you ask me, having some actual defense against that kind of blackmail is probably a good idea.

electricsurfer47 said:So, I was reading an article from the morning news earlier saying Germany is running into trouble because they're short on AdBlue—which uses urea, and you need gas to make urea. Apparently, some company making the stuff shut down because they couldn't deal with the high costs? Is that actually true???

If there's enough gas available and the price is back to where it used to be, there shouldn't be any issues.

analogbear5 said:So, let me get this straight—when a cartel intentionally cuts supply just to jack up prices (which is literally the definition of a cartel), the rest of the world is supposed to just roll over for the Arabs and hand them everything on a silver platter?

Maybe you're into that kind of masochism, but if you ask me, having some actual defense against that kind of blackmail is probably a good idea.

wiredseal7 said:China is the big customer for the Arabs, so there's zero pushback.
Someone put it perfectly: when Americans show up in Africa, they just point a finger and make threats. When the Chinese show up, they build a bridge or a hospital.
It’s a perfect reflection of what we’re seeing coming out of the White House lately—on a global scale, anyway. It’s bordering on pure madness from the Trump administration—specifically regarding China and those unprovoked attempts to gut their high-tech sectors (it's a bit late for that, but hey, they're in full damage-control mode).
Watching their politicians brag about it during election season is just pathetic.

The rest of the independent West—and yeah, we've been in this loop for a while now—isn't exactly going to bow down to the Arabs over this decision. But don't be surprised if, come November, we realize that some friendly old man decides to shut off the tap from his own reserves—even if he still has enough supplies to last months, if not half a year.😬

Someone put it perfectly: when Americans arrive in Africa, they just point a finger and make threats. But when the Chinese show up, they build a bridge or a hospital.

I am speaking specifically about relations with China and those unprovoked attempts to dismantle their high-tech economic sectors(I'm late to the party on this one, but I'm still in maximum damage mode).

The rest of the independent West, we have been part of that for some time now, including us.,