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Rebel Capitalist News

News: OMG! Putin Just Did The Unthinkable

Rebel Capitalist News

George Gammon

Business, Investing

4.71.1K Ratings

🗓️ 27 September 2023

⏱️ 9 minutes

🧾️ Download transcript

Summary

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Transcript

Click on a timestamp to play from that location

0:00.0

Hello fellow rebel capitals hope you're well so let's get into this article just came out on

0:07.0

Yahoo that Putin has done what I think is the unthinkable and we're seeing this directly impact the

0:17.7

European market in real time and this could impact the whole global economy.

0:25.0

So let's shoot right over to this Yahoo article and check this out.

0:29.0

It was sent to me just now by the prodigal son himself, Josh, who was often his fancy

0:36.9

shirt doing his interviews, but let's go over to this article.

0:44.1

Look at this just out and this is actually from Bloomberg.

0:49.1

Russia temporarily bans diesel exports.

0:54.4

This is a big deal.

0:57.4

And as you would imagine, European prices jump.

1:01.6

They're most likely gonna skyrocket skyrocket depending on how long this ban is put into

1:07.4

place. Let's read the rest of this article. Russia temporarily banned exports of diesel in a bid to stabilize domestic

1:17.0

prices. So they're basically saying we're exporting too much and therefore well and also this goes to show you the

1:26.6

demand in the Russian economy has by no means plummeted if because diesel is how you get stuff from one place to the other.

1:35.2

So if your economy is tanking, then demand for diesel should go down and then they wouldn't

1:40.4

have this problem.

1:41.6

So their economy might not be doing great, but it's definitely

1:45.1

probably doing better in China, to be honest with you. So far this year Russia was the world's single

1:50.4

biggest seaborne exporter of diesel type fuel nearly ahead of the US.

1:55.1

According to Vortexa data compiled by Bloomberg, the country shipped more than 1 million barrels

2:00.0

a day during January to mid-September with Turkey, Brazil, Saudi Arabia being among the main destinations.

2:07.0

Well, this is interesting from a BRICS standpoint as well.

...

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