Two major energy companies (BP & Shell) have withdrawn from the Russian gas developments.

Also, the Russian invasion of Ukraine will mean the “breadbasket of Europe” will likely be selling a lot less wheat and barley to Europe meaning prices will rise, good news to Aust. farmers but not for consumers.

Be a lot more financial/economic fallout from the botched invasion!

Quote:

Russia's central bank on Monday night was forced to hike interest rates from an already punishing 9.5 per cent to 20 per cent in a desperate bid to stabilise a shaky rouble.

:o

https://www.abc.net.au/news/2022-03-01/sanctions-russia-economy-rouble-financial-collapse/100872126

Wow! Bet Russians are cursing Putin!

Jovial Monk wrote on Mar 1^st, 2022 at 6:10pm:

Wow! Bet Russians are cursing Putin!

and keep in mind this is just starting. The rouble is likely to keep falling and if it is they will continue to raise interest rates



whatever happens, the Russian public won't wear it for long. They have become accustomed to the good life. This could be the beginning of the end for Putin

Hope so! Indiscriminate shelling is not good!

Jovial Monk wrote on Mar 1^st, 2022 at 6:10pm:

Wow! Bet Russians are cursing Putin!

And his generals even more so. We can only hope somebody in the Kremlin puts a bullet through his curdled brain.

John Smith wrote on Mar 1^st, 2022 at 6:14pm:

They have become accustomed to the good life. This could be the beginning of the end for Putin

Yes. No more back to queueing for a packet of frozen peas like the old days.

Global scramble for Australian coal
Australian trade officials in talks with local coal producers as government co-ordinates efforts to find supply for Poland and Asian trading partners

While no sanctions have yet to be levied on Russian energy exports, sources say major buyers of Russian coal in Asia and Europe have already begun to cancel shipments and seek alternatives in anticipation the crisis in Europe will intensify, setting off a global scramble for supply.

Brandon claims the US gets 4% of its oil from Russia and we will starve it for revenue by no longer importing that oil. Russia will just sell it to China, India and others with refining capabilities. No financial loss for Russia but a major hit to the American middle class that will suffer higher prices for everything. Bring back better, the Democrat Party is the enemy of the American people!

Mortdooley wrote on Mar 9^th, 2022 at 10:27pm:

Brandon claims the US gets 4% of its oil from Russia and we will starve it for revenue by no longer importing that oil. Russia will just sell it to China, India and others with refining capabilities. No financial loss for Russia but a major hit to the American middle class that will suffer higher prices for everything. Bring back better, the Democrat Party is the enemy of the American people!

No, a large number of Americans are the enemy of the American people.

Ayn Marx wrote on Mar 24^th, 2022 at 7:45am:

Mortdooley wrote on Mar 9th, 2022 at 10:27pm: Brandon claims the US gets 4% of its oil from Russia and we will starve it for revenue by no longer importing that oil. Russia will just sell it to China, India and others with refining capabilities. No financial loss for Russia but a major hit to the American middle class that will suffer higher prices for everything. Bring back better, the Democrat Party is the enemy of the American people! No, a large number of Americans are the enemy of the American people.

I have identified who they are, who do you believe they are? American families are expected to see a continuing major loss in purchasing power thanks to the actions of our Democrat Party and no one is giving them a raise to offset this inflation. The price of energy is up and since everything takes energy it increases the price of goods and services. Imagine if it were you and your commute to work now costs you more than double what it did a year and a half ago. If you can easily afford it, it isn't a problem but if you are on a tight budget already you have a major problem thanks to the actions of the people in power today. Not the last administration!

For four years we had the safest and most prosperous country we had seen in decades. If Trump were guilty of a fraction of the evils of prominent democrats he would have been in prison within his first year. No one has prosecuted Pelosi for insider stock trading, no one has investigated Chuck Schumer's visits to Epstein island, no one investigates the convenient deaths surrounding the Clintons and no one wants to know the truth about the recent Biden millions that somehow appeared in the last few years from selling political influence.

https://www.aljazeera.com/news/2022/4/10/russia-ukraine-live-news-war-to-slash-ukraines-gdp-by-45

Ukraine’s GDP output will contract by more than 45 percent this year as a result of the Russian invasion, according to a World Bank forecast.

The World Bank also forecast Russia’s GDP output to fall by at least 11 percent as a result of punitive sanctions.

In the end, it may turn out that Europe lived richly not because of democracy, but at the expense of cheap Russian gas.

freediver wrote on Apr 11^th, 2022 at 9:38am:

https://www.aljazeera.com/news/2022/4/10/russia-ukraine-live-news-war-to-slash-ukraines-gdp-by-45 Ukraine’s GDP output will contract by more than 45 percent this year as a result of the Russian invasion, according to a World Bank forecast. The World Bank also forecast Russia’s GDP output to fall by at least 11 percent as a result of punitive sanctions.

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RussiAnVetEraN wrote on Aug 15^th, 2024 at 2:41am:

In the end, it may turn out that Europe lived richly not because of democracy, but at the expense of cheap Russian gas.

Liberal democracy is the strongest predictor of a nation's wealth. If you rank countries by wealth, and then by freedom or democracy, there are only a few notable exceptions, like the oil rich arab countries.

freediver wrote on Aug 15^th, 2024 at 9:38am:

Liberal democracy is the strongest predictor of a nation's wealth. If you rank countries by wealth, and then by freedom or democracy, there are only a few notable exceptions, like the oil rich arab countries.

Okay.

Then all of us here stop worrying about the present and the future of Europe. After all, the leading European countries continue to be liberal democracies.

RussiAnVetEraN wrote on Aug 15^th, 2024 at 9:48am:

freediver wrote on Aug 15th, 2024 at 9:38am: Liberal democracy is the strongest predictor of a nation's wealth. If you rank countries by wealth, and then by freedom or democracy, there are only a few notable exceptions, like the oil rich arab countries. Okay. Then all of us here stop worrying about the present and the future of Europe. After all, the leading European countries continue to be liberal democracies.

I'm not worried. Are you?

freediver wrote on Aug 15^th, 2024 at 9:49am:

RussiAnVetEraN wrote on Aug 15th, 2024 at 9:48am: freediver wrote on Aug 15th, 2024 at 9:38am: Liberal democracy is the strongest predictor of a nation's wealth. If you rank countries by wealth, and then by freedom or democracy, there are only a few notable exceptions, like the oil rich arab countries. Okay. Then all of us here stop worrying about the present and the future of Europe. After all, the leading European countries continue to be liberal democracies. I'm not worried. Are you?

You explained everything to me about this and now I'm not worried about Europe either.