OIL PRICES SURGE AND STOCKS PLUNGE AS THE EPSTEIN ADMIN TRIGGERS AN ECONOMIC DISASTER
https://news.sky.com/story/markets-latest-oil-suffers-biggest-one-day-gain-in-six-years-as-stocks-plunge-13517143
TRUMP WILL BE IMPEACHED AFTER THE MID TERM WIPE OUT AT THE LATEST
Some back of the envelope math calculations, but they suggest some very alarming figures
About 20% of all global oil consumption and gas goes through the Strat of Hormuz and it stops for one year, then that could wipe out about 20% of the globe s GDP
GDP depends on energy and oil and gas remain the pillars of the globe s energy.
That 20% or so loss of production will fall mostly on the West s GDP, and on the dollar, because China, India can buy Russian oil and gas.
The 20% in global terms may mean a 50% drop in the West s GDP in a year, inflation, hyerinflation, soaring interest rates, the end of the dollar and petrol dollar.
Total collapse.
To avoid that, the war has to be stopped immediately and the refineries rebuilt as soon as possible. But how soon can theybe rebuilt?
The difference between the West and Russia and China will grow. Russia is set to make a fortune from the higher energy prices and its close allies will reap the economic benefits of stable energy traded in their currencies to increase their share of global manufacturing.
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