Ongoing sanctions against Russia will lead to hyperinflation
Mar 29, 2022 20:04:05 GMT -5
Post by OmegaMan on Mar 29, 2022 20:04:05 GMT -5
Analysis warns that ongoing Western sanctions against Russia will lead to hyperinflation
Tuesday, March 29, 2022 by: JD Heyes
Tags: coal, commodities, economic sanctions, fossil fuel, fuel prices, Inflation, natural gas, nuclear energy, price spike, Russia, Russia-Ukraine war, Shortages, supply chain, Ukraine, WWIII
(Natural News) An analysis of the West’s sanctions against Russia that was published last week is warning that the longer they continue, the better the chances the world will experience a cycle of hyperinflation that will lead to widespread food insecurity and massive unrest.
The analytical report, published on Doug Casey’s International Man website, begins by noting that Russia is far more important to the global economy than it was a mere 20 years ago, which is why sanctioning and embargoing the country “will only lead to an inflationary super storm.”
The report goes on to note that Russia is a major supplier of many of the most in-demand raw materials including producing 46 percent of the world’s palladium and 15 percent of the global platinum production. In addition, Russia produces a substantial amount of energy — oil, natural gas, coal — as well as important minerals like gold, silver, nickel, copper and aluminum and is one of the world’s leading producers of wheat and fertilizer.
“Some 20 years ago Europe (and the ‘West’) had the North Sea, which produced as much as Russia and the US. Now it is a shadow of its former self. And if US shale continues to disappoint, it won’t be long before Russia becomes the world’s biggest oil producer ‘beyond reasonable doubt,'” the report said, adding:
Do you really think that Rosneft, Lukoil, or Gazprom are in trouble of being sanctioned when they supply some 36% of Europe’s oil needs?
Have a look at the below chart to see who supplies Europe’s oil?
In addition, the report noted that several European countries also import vast amounts of Russian natural gas; Finland, Austria and Lithuania, for example, import 100 percent of their natural gas from Russia.
That said, the report notes that there are some commodities supplied by Moscow that many people have not considered, such as coal in particular. Russia exports nearly as much thermal coal as Australia, while also exporting nearly as much coking coal as the U.S. and about 40 percent of what Australia exports. Cutting off Russian energy supplies, then, is going to put a massive dent in the global supply, which in turn will drive massive inflation.
In addition, the report points out, Russia supplies 50 percent of the world’s enriched uranium, which is used in nuclear power plants. While the left-wing greenies in the U.S. hate zero-emission nuclear power for some reason, those plants supply fully one-fifth of our country’s daily electricity needs.
Continued at link
Tuesday, March 29, 2022 by: JD Heyes
Tags: coal, commodities, economic sanctions, fossil fuel, fuel prices, Inflation, natural gas, nuclear energy, price spike, Russia, Russia-Ukraine war, Shortages, supply chain, Ukraine, WWIII
(Natural News) An analysis of the West’s sanctions against Russia that was published last week is warning that the longer they continue, the better the chances the world will experience a cycle of hyperinflation that will lead to widespread food insecurity and massive unrest.
The analytical report, published on Doug Casey’s International Man website, begins by noting that Russia is far more important to the global economy than it was a mere 20 years ago, which is why sanctioning and embargoing the country “will only lead to an inflationary super storm.”
The report goes on to note that Russia is a major supplier of many of the most in-demand raw materials including producing 46 percent of the world’s palladium and 15 percent of the global platinum production. In addition, Russia produces a substantial amount of energy — oil, natural gas, coal — as well as important minerals like gold, silver, nickel, copper and aluminum and is one of the world’s leading producers of wheat and fertilizer.
“Some 20 years ago Europe (and the ‘West’) had the North Sea, which produced as much as Russia and the US. Now it is a shadow of its former self. And if US shale continues to disappoint, it won’t be long before Russia becomes the world’s biggest oil producer ‘beyond reasonable doubt,'” the report said, adding:
Do you really think that Rosneft, Lukoil, or Gazprom are in trouble of being sanctioned when they supply some 36% of Europe’s oil needs?
Have a look at the below chart to see who supplies Europe’s oil?
In addition, the report noted that several European countries also import vast amounts of Russian natural gas; Finland, Austria and Lithuania, for example, import 100 percent of their natural gas from Russia.
That said, the report notes that there are some commodities supplied by Moscow that many people have not considered, such as coal in particular. Russia exports nearly as much thermal coal as Australia, while also exporting nearly as much coking coal as the U.S. and about 40 percent of what Australia exports. Cutting off Russian energy supplies, then, is going to put a massive dent in the global supply, which in turn will drive massive inflation.
In addition, the report points out, Russia supplies 50 percent of the world’s enriched uranium, which is used in nuclear power plants. While the left-wing greenies in the U.S. hate zero-emission nuclear power for some reason, those plants supply fully one-fifth of our country’s daily electricity needs.
Continued at link