Connecting this back to my previous chart. Middle eastern share of Europe's imports rose dramatically in about September 2022, coincidentally, Saudis imports from India went crazy a couple of months before that. Right after that, the Saudi's announced cuts in production and Biden went begging for more output. Why would they need to produce anything, they can just broker it and US and Europe will eat the markup in the name of democracy or something.
I watched. The economic point made that capital isn’t flowing out at the pace that it was is interesting. I agree the sanctions are definetly having the opposite intended effect. As I said before, they can get whatever they want because they have oil and gas and share a border with China.
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Connecting this back to my previous chart. Middle eastern share of Europe's imports rose dramatically in about September 2022, coincidentally, Saudis imports from India went crazy a couple of months before that. Right after that, the Saudi's announced cuts in production and Biden went begging for more output. Why would they need to produce anything, they can just broker it and US and Europe will eat the markup in the name of democracy or something.
https://www.instagram.com/reel/CtCLD6wtvcU/?igshid=MzRlODBiNWFlZA==
And besides: She's. Right. You. Know.