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Biden Plan to Cap Russian Oil Prices Could
Seriously Backfire, Which Means It’s
Likely to Happen

Original Article

Posted By: earlybird, 7/3/2022 8:28:46 PM

The G7 plan to create another economic sanction against Russia by capping the price anyone could pay for Russian oil has a serious downside. If Russia slows down the export of oil, global oil prices will jump dramatically. That policy outcome would mean a massive increase in the price of gasoline for U.S. consumers. Because the consequences are horrible, that’s precisely the reason Joe Biden might push to have the Russian price cap. Every policy Joe Biden has historically supported, has been the exact opposite of what should have been done. Biden has a profound and innate ability to screw up anything.

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Reply 1 - Posted by: Jethro bo 7/3/2022 8:32:40 PM (No. 1205561)
Once again, Diaper Joe is trying to figure out how to screw things up even more. Whatever Diaper Joe does, it will make our lives much, much more worse. Oh, and it Turbo Carter time to boot!
11 people like this.

Reply 2 - Posted by: paral04 7/3/2022 8:42:32 PM (No. 1205563)
Biden needs to take a High School Economics class and learn about The Law of Supply and Demand.
6 people like this.

Reply 3 - Posted by: john56 7/3/2022 8:50:12 PM (No. 1205566)
Biden imposes sanctions on Russia and Russia makes more $$$. Of course, it's Putin's fault. But Joe doesn't mind. He and Hunter looted Ukraine for every buck they could.
11 people like this.

Reply 4 - Posted by: downnout 7/3/2022 9:01:11 PM (No. 1205574)
This is nuts. Countries will be using the “back door” to get oil.
6 people like this.

Reply 5 - Posted by: LC Chihuahua 7/3/2022 9:13:20 PM (No. 1205588)
How many non-G7 countries will ignore the sanction? How much Russian oil is the G7 buying anyway? Idiots.
7 people like this.

Reply 6 - Posted by: snakeoil 7/3/2022 9:22:02 PM (No. 1205597)
Wiley E. Coyote will be eating roast Roadrunner before Quid Pro Joe does anything that benefits anyone but him and his left wing loonies. Joetard is one of the reason Putin invaded Ukraine. When he killed the Keystone pipeline that meant there would always be a market for Russian energy exports. Plus the Afgan debacle illustrated that that he couldn't find shoes in a shoebox. Is it 2024 yet?
8 people like this.

Reply 7 - Posted by: DVC 7/3/2022 9:54:32 PM (No. 1205624)
No "backfire ". They WANT bad outcomes for us. Not and accident or error.
13 people like this.

Reply 8 - Posted by: bighambone 7/3/2022 11:44:42 PM (No. 1205679)
Russia can sell its oil to China at confidential prices from now to never and there is nothing that Biden can do about it.
5 people like this.

Reply 9 - Posted by: PostAway 7/4/2022 3:07:38 AM (No. 1205746)
The Biden family got rich using Joe to accommodate America’s sworn enemies and yet somehow continually being re-elected.
3 people like this.

Reply 10 - Posted by: MickTurn 7/4/2022 9:56:05 AM (No. 1205950)
Never underestimate Joey Brandon's ability to F THINGS UP!
1 person likes this.

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