Economics/Class Relations

Russian Oil Price Cap: Lasting Impacts

by Peter Zeihan on December 7, 2022

Unless you live under a rock, you’ve probably heard that Europe has placed a $60 price cap on Russian crude exports.

This is uncharted territory for EVERYONE, so I’m not here to predict how all this will play out. Instead, I want to lay out the matrix of factors that you should keep top of mind as this unfolds.

But the real fun is a “Red Pill” moment: The single global price for crude that we’ve all enjoyed for the last 85+ years…GONE. Meaning that global shipping becomes riskier and riskier by the day.

In terms of energy, we are well on our way to how things were in the 1930s. Exciting right?

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