Gas Price Shock another Intended Consequence of the Ukraine Russian War
How did we not see this mess devastating the entire supply chain economics?
Gas Prices are soaring around the World. How did we want see this as a potential outcome?
Saudi Arabia was refused to raise production even after being requested by the American administration. Russia’s 8% Gas Market share is now up for grabs and the OPEC folks are refusing to ease the pain, why? Because the higher the prices the higher the profits. The ones who are going to be squeezed til there is no juice left are the ordinary working men and women around the world.
Some questions to consider for the next round as the War in Ukraine has only just started, but Russia is now a new and permament (for the time being) of the North Korean club. In that club you are cut off from the rest of the world and you run your economy as a Pariah state that cannot buy or sell from the rest of the world. That is where Russia is headed for the next few years.
What happens now to all those Gig Workers driving Uber and Lyft and delivery food for Door Dash?
Who is going to be eating out at restaurants when the prices for food start to reflect the sky high Gas prices?
What happens to Natural Gas prices and home heating and fuel costs in Europe and Asia that are dependent on cheap Russian supplies?
How long before the entire Supply Chain passes on higher prices to consumers?
Has anyone realized that we are already in a hot war with Russia even if we are not in Ukraine. Because the War this time is assymetrical. The battlefield is now in the economy, banking, agriculture, and much more.
A sharp rise in gas prices is causing a drag on consumer sentiment and will likely impact President Biden's polling data with another drop.
The shock to energy prices is sparking stagflation fears as it stokes inflation while suppressing economic growth. Commodities this week posted their largest weekly gain since 1974 (a time when inflation was rampant).
Brace yourselves as we are now accelerating even faster towards the Great Reset.
