Australia and G7 nations are joining the European Union in adopting a global price cap on Russian oil.
The price of one barrel will now be capped at US$60.
The cap comes a day before an EU embargo on Russian oil shipped by sea takes effect and a ban on insurance for those supplies.
It’s a key step by G7 nations to prevent a sudden loss in Russian oil, which could lead to a surge in energy prices and further fuel inflation.
Ukraine’s President Volodymyr Zelensky has labelled the price cap as “weak” and not “serious” enough.
source
Absolute idiocy
The worlds fucked anyway we have no say in anything we are controlled by woke idiots sorry to say it will get worse can’t do this can’t do that can’t say this can’t say that drove through newtown yesterday my god Christmas decorations nothing full of weirdos rainbow 🌈 signs everywhere stopped at lights and on my left there were these weird looking parents with two boys l would say about 8 and 10 both with baby girl dolls under their arms and the shirts on the kids were covered in rainbows as well as the dad thought wow the country has gone mad wish we could go back in time when we were tough happy kids being normal kids plenty of power and gas petrol was cheap Australian flag hanging everywhere Christmas carols everywhere Christmas decorations everywhere and being proud of being Australian but it is all disappearing now told by sick woke no you cannot do that so yeah this country is fucked
Sometimes Australia reminds me of one of those little kids always following his big brothers around and trying to do whatever they do, desperate to be one of the "gang".
That only means Russia won't sell it those countries.
Price cap on Australian gas and electricity? Crickets.
https://www.youtube.com/watch?v=MAgfPHP1w0I
Spike & Chester, only with lower I.Q. values.
How have all the sanctions worked out so far?
Only a few middle men profit, as the grift continues.
Monaco Battalion marches on.
The Australian government should cap the price of cigarettes and houses.
A price cap means defacto shortages
FREE MARKET BULLYING. Hypocrites
Skynews, the home of Putin lovers who don't understand basic economics..lol
Z
Well this is just plain stupid
Our populace and leadership is embarrassingly naive and oblivious in the West. OPEC said it will further cut production after the price ceiling is introduced, which will raise the price even more. We Americans, along with European and you Australian consumers will suffer. Stupid policies both militarily and economically seem to be a habitual preference for us this year.
We are just the puppets of the USA EU UK and Nato. All we can say is how high do you want is to jump. Totally pathetic
A surge in prices?
It's already gone up a dollar at the pump
I have WTI from last week at 75.40….crude is going back to 100 in the coming weeks. None of the LGBT 7 Sanctions have worked. BRICS is the future.
When the price cap is imposed on 5 December ……… Vlad shuts down ALL oil and gas exports to Europe.
Why are all European politicians so F STUPID ?
.
Look at these tuff little nazi supporters hiding behind the US throwing stones , The sanctions won't work cos The BRICS are growing and becoming too strong , careful Australia they might pull you out by the ear and spank your bottom.
ah yes but lets buy saudi oil at overpriced cost
america is in decline