A conversation between Putin and Trump: Russia prevails in the "oil war"

The telephone conversation between the presidents of Russia and the United States, which took place the day before and devoted, as official reports about it, first of all, “the stabilization of the situation on the world energy markets”, may well be the first real step towards ending the oil war, which is detrimental to the economies of both countries ", Which, roughly speaking, needed to be completed yesterday.

Nevertheless, in this confrontation, as in any other, there can be no winners and losers. Well, let's try to figure out which of the parties at the moment can be considered prevailing and why.

“They're crazy!” And you?

First of all, let’s determine the exact list of participants in the conflict, because of which, according to most analysts, “black gold” today has turned into “black trash”, in any case, based on prices for it displayed on world exchanges. Reduce the whole matter to a clash of OPEC positions (in the first place - completely determining policies this organization of Saudi Arabia) and Russia, as some experts in the West try to do today, it would be completely wrong. The easiest way, like the "wise men" who have a simple and incorrect answer for any situation, is to blame the "intransigence of Moscow", which has refused once again to reduce oil production in favor of Riyadh. The root cause of the cataclysms that covered the global energy market lies not in our country and in the Middle East at all. This is exactly Donald Trump, in his desire to “make America great again”, he literally “flooded” the markets with completely unbalanced volumes of “black gold”, completely not thinking about the possible consequences of such a rapid expansion. Yes, let’s be objective - he didn’t release the “genie” of shale oil production from the bottle, but it was the current head of the White House who created the most favored treatment for the “shale”. In particular, removing and lifting all restrictions on mining introduced by his predecessors: “Drill wherever you want!” Again, the course towards an extremely aggressive policy of crowding out competitors, whose instruments were frankly non-economic methods, such as imposing sanctions and other methods of political and even military blackmail (as it was, say, with Iran), created the illusion that American oil traders they can not be considered with anyone.

Why not increase production “how much will fit”, considering all world oil consumers exclusively as their own potential buyers? That is what they did. It should be remembered that energy price fluctuations began long before the coronavirus epidemic - and precisely because of the completely boorish and irresponsible expansionist economic US policy. Numerous attempts by OPEC to correct oil flows from across the ocean, reducing its own production, only led to the impudent “shale” to capture more and more new markets. Russia, which for some time supported this game, at a certain stage was convinced that it brings no benefit to anyone except the United States. There, during the period from 2011 to 2019, the volume of pumping of “black gold” from its own subsoil doubled. Moreover, the acquisition of the status of a net oil exporter by the United States was not even due to the success of the “shale” there, as it was literally deleted from the list of exporters of Venezuela and Iran by introducing “draconian” sanctions against these countries. Moscow understood very well who was next. And so it turned out - the introduction of restrictions against Rosneft subsidiaries was the "first act" of an operation to squeeze out our suppliers of "black gold" from world markets. In this situation, consent to OPEC terms would mean not just surrender of positions, but surrender. Against this background, Donald Trump’s words he recently said in an interview with Fox News that “Russia and Saudi Arabia both went crazy in their price war” just sound wonderful. One would like to ask: and you, Mr. President, are you all right with mental health ?! Well, with what a fright did you decide that Moscow and Riyadh would meekly leave the markets, leaving them in full and undivided use for you? Smacks of megalomania, at least.

We all lost something in this crazy war ...

Perhaps the most important thing: the negotiations on the "cessation of hostilities" and the "rescue of an ordinary barrel" were initiated by Washington, and not Moscow. Someone may wonder: why did the United States now ask for peace, because the first attempt to “push” their overly active shale production, undertaken by Saudi Arabia in 2014, was not the least successful? The answer lies on the surface: the coronavirus pandemic. At that time, the willingness of investors to continue to provide them with huge loans and to inject new capital into production helped the shale oil producers to survive. In order for shale oil to be profitable, the price of its barrel should still remain between 40 and 60 dollars. But only in today's USA, which are seeking an epidemic of the coronavirus, the death of which one hundred or even two hundred thousand people, according to the same Trump, will be a “good result”, investors who want to invest the last money in a deliberately unprofitable business are unlikely to be found. If it were not for a catastrophe that had fallen on the world, in fact, of universal proportions, the “battles” on the oil “front” would have gone on for as long as unknown, escalating from clashes of local significance into epic battles. Opponents would starve each other, testing their own and other economies on the fortress, while the United States would also periodically throw on the table "aces" and "jokers" in the form of regular sanctions, stored in a cheater's sleeve. COVID-19, which for three months has put the world upside down, simply does not leave time for a long “positional” war. In its normal state, planet Earth consumes an average of 100 million barrels of oil per day. Today, market analysts are inclined to believe that in the near future (calculated, maximum, weeks), this number will be reduced by 26 million barrels, or 25%.

The reason is very clear: social measures aimed at combating the pandemic (restricting movements, stopping production and others) negatively affect 92% of global GDP. Already mined "black gold" simply has nowhere to store - reservoirs located on land (access to which, incidentally, is far from all manufacturers), are filled almost "under a traffic jam". Today, surplus is poured into tankers, including those that have not been used for their intended purpose for a long time. Further, there will simply be nowhere to put it. Due to a sharp decline in demand in Newfoundland Canada, the first refinery in North America has already closed. At best - for a couple of months, at worst - for six months. The price of Canadian Western Canadian Select (WCS) oil fell to $ 3.8 per barrel. In January, it was sold for $ 37 ... Over the week of March 16-22, according to the US government, the volume of oil products in the country fell by two million barrels per day. However, perhaps you think that things are going awry only with the Americans or with us? The plans of the Saudi "oil jihad" also collapse completely. According to reports, the consumption of raw materials from Saudi Arabia was sharply reduced by the Royal Dutch Shell and the USA oil refineries, the Finnish Neste completely abandoned the April purchases of its oil that had been planned earlier, the Polish and Indian refineries beat it off, as they say, with their hands and feet. Moreover, according to the information of the transport and logistics company Gulf Agency Company Ltd, India, within the framework of strict quarantine measures, “closed” at least 52 of its ports, which as a result were forced to cancel orders for the purchase of Saudi oil due to force majeure .

The most interesting thing is that, against the background of such, frankly, not optimistic News, Riyadh has already announced its intention to increase oil export in May even more - up to 10,6 million barrels per day, due to the transfer from the domestic market to the external up to 600 thousand barrels daily! They are there at home, you see, they declare quarantine, and they intend to “throw” all unclaimed oil in the country into the markets. Moreover, the “oil lawlessness” that has unfolded around the world is pushing, to put it mildly, not too deliberate actions of all new participants. So, the Norwegian company Equinor announced its intention, again in early May, to go to the Johan Sverdrup field in the North Sea at a production level of 470 thousand barrels per day. Here are just these Vikings, declaring that their oil will be cost-effective and at a price of $ 20 per barrel, we only did not have enough in a heap! No, we definitely need to do something about this, and urgently. According to official information, Vladimir Putin and Donald Trump, in the course of a long and very thorough discussion, “reached an agreement” on the need to quickly restore order in the energy markets. Also, according to the White House spokesman, Judd Deere, who commented on the results of the conversation, the presidents came to the need to "closely cooperate" within the G20 organization in order to more effectively combat the coronavirus pandemic and "revitalize the global economy." But this, we will be frank, is already secondary.

What is the victory of Russia here, you ask? Well, at least in the fact that Washington took the first step towards. It was on the initiative of the White House that the conversation between the two leaders took place. In the current situation, the United States is under a double blow - both the oil collapse and COVID-19. So far, Russia is only experiencing the consequences of falling energy prices, and there is every reason to hope that the disease will not inflict such a devastating blow as the United States. For once, we found ourselves in a more stable and stronger position than our geopolitical opponents and, sorry for cynicism, it’s a sin not to take advantage of this. A very positive point is that for the first time in a very, very long time, Washington has addressed Moscow not with claims, threats or demands, but as an equal side, with which it intends to look for ways out of the crisis. Incidentally, this is a very good lesson for Riyadh, who, it seems, had been hoping in vain that it would be him who would support Washington. It is possible (and even very likely) that the consensus reached is only a short, purely situational truce, which will subsequently be violated by the United States in the same way as it has been done more than once. Well, well - we would have to stabilize oil prices and survive the pandemic. And then we'll see ...
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  1. Arkharov Offline Arkharov
    Arkharov (Grigory Arkharov) 31 March 2020 09: 36
    To see seriously, I have lagged behind life and my sobriety and guidance on the true path is required. Who can explain with reason, with patience and gratitude I am ready to listen. Thank you in advance.
    1. The comment was deleted.
  2. steelmaker Offline steelmaker
    steelmaker 31 March 2020 09: 41
    I would agree with the author if our gas prices have changed like oil prices. And rejoice that Washington took the first step? Art. 15,17,18 of the Constitution, power in Russia comes from the outside, and our president coordinates the implementation of all instructions from the outside. This is short, so that some get it faster.
    1. 123 Offline 123
      123 (123) 31 March 2020 16: 00
      I would agree with the author if our gas prices have changed like oil prices.

      In the price of gasoline, about 4% is the cost of oil. Are you not comfortable with the tax system in which you pay in proportion to the amount of gasoline consumed? Do you want to distribute the tax to everyone equally?
      1. businessv Offline businessv
        businessv (Vadim) 31 March 2020 20: 42
        Quote: 123
        In the price of gasoline, about 4% is the cost of oil.

        Well, not 4, but about 10%, but this certainly does not play a role in our case. Let me remind you of an old joke that our gas prices rise only in two cases - in the case of an increase in the price of oil and a decrease in the price of oil. Taxes are about 60%, and retail margins are about 20%. The situation will not change until there is full state control over the subsurface and processing enterprises.
        1. 123 Offline 123
          123 (123) 31 March 2020 21: 12
          4 or 10 percent is really not the main thing, sane experts seem to have voiced the figure, we won’t get to the bottom of the truth.

          Taxes are about 60%, and retail margins are about 20%.

          The link in detail about the pricing mechanism:


          About the increase in gas prices, this is indeed so. Why are there so many groans about it right now? Who rose in price yesterday?
          Everyone knows that in the price of gasoline most of the taxes are, but they whine and whine. They want the price to be made without these taxes? Well, suppose they do. What's next? Taxes will simply be distributed to everyone, there will be even more reasons for whining.
          Now about the price, tax removed, then two options for the development of events:
          1. Free pricing is following the example of the United States, but in this case I doubt that gasoline will be cheap, and suddenly the price of oil will rise, followed by gasoline.
          2. The second option is a fixed price with a minimum margin. There will be no profit at gas stations, no one will deal with them. And cheap gasoline is not all that is needed for happiness. In Venezuela or Turkmenistan they give him out almost for nothing, do you think their life was a success?

          The situation will not change until there is full state control over the subsurface and processing enterprises.

          Do you think that they can only wind up the price at these stages? What do gas station networks have to do with it? Yes, and I do not believe that if everything becomes state, then everything will work out. If a kid were a minor, maybe he would have believed in a fairy tale about the ideal governance of the state. But I remember the times when everything was state-owned, I remember the hoses on the columns tied in a knot, because there is no gas, I remember how drivers from the Urals poured gas to the ground in hundreds of liters and counted on speedometers.
  3. Sergey Latyshev Offline Sergey Latyshev
    Sergey Latyshev (Serge) 31 March 2020 09: 53
    The headlines here, alas, are often all so victorious. But this is not necropic !!! Everything is so right with him ...
    Urya victory again, we all bent! - the people here still did not believe that such articles exist ...
    And they are!
  4. albor.ru Offline albor.ru
    albor.ru (Alexander) 31 March 2020 10: 00
    It is difficult to comment, because there is no exact data on the content of the conversation.
    But there are certain conclusions:
    1. Trump is lying on his blue eye that Putin belittles him for 2 years to lift sanctions. But he is IMBUISHABLE !!!
    2. They lie and the Saudis, which will increase oil production even more, because the oil produced at THIS level has nowhere to go. There is one option - the Saudis keep their promise and increase production, and since not only the storage facilities, but also the tankers are clogged with oil - they will pump it underground again - will they not make oil lakes on the surface !?
    3. Shale oil squeezed out OPEC countries and Russia, which Novak spoke about before interrupting negotiations to further reduce production at OPEC + in favor of the United States.
    4. The desire of the United States to become an exporter of oil is evidence that not only Russia, but also the United States wants to be a world gas station and there is nothing shameful in this desire.
    5. Putin 5 years ago was mistaken in saying that $ 50 per barrel would be critical for shale oil. But 25-30 is definitely not for the slate ...
    6. The United States asked for a conversation with Putin, which means zapchandelo ...
    7. Negotiations on oil production are of a secondary nature, in the first place a pandemic and a drop in production. Even if the exporting countries change their minds and agree on a reduction - this will not affect prices in any way - there is already an oversupply of it.
    The CONCLUSION is simple - the negotiations are bespont and are aimed at the distant future, which will begin to come only in the month of May - when the tension with the epidemic decreases.
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  5. EXPrompt Offline EXPrompt
    EXPrompt (EXPrompt) 31 March 2020 10: 48
    The conversation traditionally began with a question for Putin - And you certainly did not meddle in the US presidential election in 2016?

    And only then they talked about the coronavirus, the lathering of humanitarian aid with medicines and medical equipment for Papuans from the USA, and, of course, about oil.
  6. Bakht Offline Bakht
    Bakht (Bakhtiyar) 31 March 2020 12: 01
    Some details of the conversation appeared.
    It is now clear that in addition to oil and coronavirus, the issue of Venezuela was also discussed. Wow, what a surprise .... :-)
    Among other things, Trump literally stated:

    “I never thought I'd be saying that maybe we have to have an oil increase, because we do. The price is so low, ”Trump said in an interview on“ Fox & Friends. ”
    I never thought I'd say that. The price of oil needs to be increased. She's too low.

    In the call, the White House said Trump “reiterated that the situation in Venezuela is dire, and we all have an interest in seeing a democratic transition to end the
    ongoing crisis. ” The statement didn't say how Putin responded.

    Most importantly, according to information, Putin did not respond to this call.
  7. NordUral Offline NordUral
    NordUral (Eugene) 31 March 2020 12: 48
    It’s nice, of course, that Trump took the first step, but it’s not so important, but where to go.
    Like everything else.
  8. gorenina91 Online gorenina91
    gorenina91 (Irina) 31 March 2020 14: 09
    - Yes, I personally don’t understand ...- why are these people rushing about with oil ???
    - Some OPEC ... - Yes, if you sort it out ...- who needs it ...- this OPEC ... - And who gave him the authority to set world oil prices ??? - Who is so attached?
    - Why is everyone so drawn to, just sucks in globalization ???
    - Well, do it, world people ... - two or three OPECs and trade as you please ... - independently of each other ...
    - The whole world is used to stupidly think and obey stereotypes ...
    - Well, even if I personally ask the venerable public about ...
    - But how does it turn out then ... - here the whole world is cut not for life, but for death, for oil prices ... - But what about then companies ... those that are from the sphere of oil transportation by tankers, which They transport this oil on their giant tankers all over the world ... - After all, they do not set world prices for freight for the transportation of oil ... - They themselves can dramatically raise the price for their services ... - and no one decree. ..
    - So why some miserable OPEC can set the price of oil ...- seriously and for a long time ...
    - And in particular, Russia must constantly play this American game, and even according to American rules ... - Yes, even Saud in this game. Arabia can not win, and Russia ...- and even more so ...
    - And no matter what our guarantor is ascribed ... - supposedly the next "brilliant strategic and tactical winning moves" ... all this, to put it mildly ... "desired" and "not real" ...
    - If we compare in terms of volume (and "significance"), then Trump plays with Putin in an oil thimble ... - But what is an oil thimble for Trump, then for Putin there is already a whole oil tanker (if not more) ... - Well, Trump plays and plays to himself ... - and he, by and large - on the drum - that winning, that losing ... - What can not be said about our guarantor ...

    According to official information, Vladimir Putin and Donald Trump, in the course of a long and very thorough discussion, “reached an agreement” on the need to restore order in the energy markets as soon as possible ..

    - Here again ...- twenty-five ... - what could be an agreement ??? - No, well, it's just ridiculous ...- Russia agrees, and the Americans impose yet another sanction against Russia and the whole world supports these sanctions ...
    - Damn, even the Norwegians and those who want to do it with their oil ... - and they don’t listen to anyone, and they don’t play along with anyone if it’s not beneficial for them ...

    Well, well - we would have to stabilize oil prices and survive the pandemic. And then we'll see ...

    - Here again ... - Yes, there cannot and should not be a "stabilized" oil price ... - How else to prove it ... - Any coronavirus can easily change the oil price and affect the stabilization in general .. . - What other "example" is needed ...
    - And who created this coronavirus is not important ... - What is important is that ... that "man proposes, and God disposes" ... - So Russia needs to ... - only to answer before God, and not in front of the Americans and the Chinese ... - Brrrr ...
  9. The comment was deleted.
  10. 123 Offline 123
    123 (123) 31 March 2020 16: 24
    Oil production exceeds consumption. This is obvious to everyone. It is necessary to negotiate.
    The United States categorically refused to do this, but generally behaved like a pig. Say, we are above all this earthly, we have freedom of enterprise. market and no restrictions, and you there as you want.
    In the end, what happened happened. Russia did not swear with anyone, did not announce any ultimatums. It’s just that they didn’t sign the new agreement. And that’s all.
    It would seem that everything is good for America, no cartel agreements, a free market, everything as they like. But in fact it turns out that the signature of the "director of the country of the gas station" means much more than everyone has been told for so many years.
    Trump is forced to negotiate, which means that he will have to step on the throat of his own ideology, recognize that the free market does not work, planning is necessary.
    In general, with a graceful movement, they pulled a hat with the inscription "exclusivity" over his ears and poked his face into the cake, however, perhaps it was not really cake.
  11. gorenina91 Online gorenina91
    gorenina91 (Irina) 31 March 2020 16: 45
    - Here, personally, I do not understand at all ... - why on the site many people think so stereotypically ... - Is it that the site "numbers", or what, so all "digitized" and dumbfounded ???
    - I repeat:
    - Russia can agree on something with the USA ... - But this should not be something determining for Russia and should serve as a guide ...
    - Here, for example ...- Russia agreed (determined) with the United States on the price of oil and the volume of oil production ...- But this still does not mean anything ...- for Russia it should be only schematic operational data .. - And nothing more ...
    - And, after the Americans (after the agreement with Russia) once again impose sanctions against Russia; then Russia itself simply changes (increases) the price and production volumes of its oil ...
    - And if Zap. Europe or one of the consumers there (yes even China) ...- suddenly they ask Russia about the reason ...- Russia can answer that, they say - it’s simply forced to do so ...- for the reason that they introduced against it sanctions (or maybe not answer anything at all) ... - And just like that ...- and not vice versa ...- That is. Americans impose sanctions ...- Russia raised prices ...
    - But not so ... - Russia agreed with the United States on prices, and the United States imposed sanctions and left Russia on the beans with its "agreement" ...
    - Russia, even without any "sanctions", should have the freedom to change the price of its oil and its gas ... and the volumes of their production ... - just change it at its discretion ... - You never know what reasons Russia may have ( today is the coronavirus, and tomorrow there is something else) ... - And you don't need to explain something to someone ... - Russia should dictate its terms, and not vice versa ...
    - It is our guarantor that everything is always justified before someone; and for 20 years he has been saying the same thing to his people ... - It's time to change this "disc" ...
    - And the demand for oil will soon ...- oh, how it will jump ... Probably, this will happen in half a year .., maybe earlier ..
    - Therefore, Russia does not need "stabilized prices" for oil, but free floating ones ...
    1. plabu Offline plabu
      plabu 31 March 2020 18: 25
      Quote: gorenina91
      - Personally, I don’t understand at all ...

      Your misunderstanding is no longer surprising. It’s quite possible to believe that you write many comments without practically regaining consciousness - repeating and chewing the same one is already quite tired - Gazprom, China, Novatek and all in the same spirit, but when such trifles confused you, yes ? bully

      Quote: gorenina91
      ... - why on the site many think so stereotypically ...

      How dare they even think differently than you prescribed, what impudence on their part. hi

      Quote: gorenina91
      ... Is it site "numbers", or something, so everyone was "digitized" and stupefied...

      Hamit is not tired yet, me? tongue
      Reread your opuses first - there are so many pearls to be found there, WOULD have a desire ... hi
      1. Leon68 Online Leon68
        Leon68 (Leon) 31 March 2020 21: 33
        Quote: 321
        Your misunderstanding is no longer surprising. The fact that many of the comments you write, almost without regaining consciousness, you can easily believe - repeating and chewing the same one already tired out

  12. Bakht Offline Bakht
    Bakht (Bakhtiyar) 31 March 2020 20: 26
    The question is for those who "do not understand". And to those who understand too.
    We have information that the Fed is printing and throwing trillions of dollars into the market. According to the latest data, 16 trillion. We have information that banks do not have liquidity. Do these messages somehow fit together?
    Second question. The Fed promises to throw into the market as much cut paper as needed. Decisions are made in literally minutes, maximum hours. It needs 2 trillion - please. The question is simple. How much can you PHYSICALLY print dollars in a couple of hours?
    Just for information, as I understand the situation :-) Just do not get me wrong :-)
    The fact that Russia has accumulated 500 billion of gold and foreign exchange reserves, the head of the FRS earns in a few seconds. It just prints 500 on the display and presses the "yes" button.
    I am afraid that this is virtual money for which the whole world should pay with real goods. That is why the comrades from China said "if you continue to play the keyboard, we will drop all your Treasuries."
    But I would like to hear ARGUMENTED arguments. Both FOR and AGAINST.
    1. mor7d Offline mor7d
      mor7d (mor7d) April 1 2020 11: 07
      Do these messages somehow fit together?

      Of course they do. You just need to distinguish liquidity from the Fed's "printing" of money.
      1. Bakht Offline Bakht
        Bakht (Bakhtiyar) April 1 2020 12: 02
        And how to distinguish them if there are such official messages:

        Fed cuts bid twice, announces liquidity provision $ 4 trillion in repos and announced the launch of a $ 700 billion quantitative easing (QE) program. After that, the US government announced unprecedented measures to support the economy, which include distribution 1000 dollars each all Americans and tax breaks (totaling $ 1,5 to $ 2 trillion).

        Is it "printing" money or "liquidity"? Or is it the same thing?
        1. mor7d Offline mor7d
          mor7d (mor7d) April 2 2020 00: 26
          repo operations

          - This is a transfer of money to the correspondent account of the bank, i.e. just a record in the computer. You don’t need to print a lot of money if you have money in your account, if you don’t go to the bank to withdraw it, you can pay them without cash.
          1. Bakht Offline Bakht
            Bakht (Bakhtiyar) April 2 2020 01: 29
            You are confusing correspondent accounts and money. The money on the card is real money. Because for them you get a real product. The "money" printed by the Fed was still money because it was used to sell the real product.
            After 1973, money was untied from gold and it hung in the air. Therefore, petrodollar appeared. Since 1978, with the advent of futures, money has been untied from oil too. Since then, the financial crisis has begun.
            Currently, money (specifically dollars) has ceased to be a measure of labor, ceased to be a measure of goods. They are not suitable for exchange. They are fiction. Therefore, China is nervous.
            Therefore, the easiest way out of the crisis is early in the morning Trump will say "I forgive everyone to whom I owe." And the States will introduce a new currency (for example, amero). And a new wonderful life will begin.
            There are no debts, salaries are minimal, we are restarting the economy under real production. Why such fierce resistance to such wonderful plans? Yes, because Trump wants to raise America, and this is achieved only by complete isolation in the Western Hemisphere (Monroe's doctrine in the 21st century) and world hegemony can be forgotten (Eric Reinert). So Trump is opposed by a powerful financial capital, in spite of the industrial.

            And whoever survives whom, will prove who was right.
            1. mor7d Offline mor7d
              mor7d (mor7d) April 2 2020 10: 14
              You are confusing correspondent accounts and money

              I am not confusing anything. No one is holding money trucks in the basement.

              Because for them you get real goods

              I received real goods and spent a credit card at the box office or transferred the amount from account to account.

              The "money" printed by the Fed was still money because it was used to sell real goods

              Beyond the reasonable.

              Therefore, petrodollar appeared

              He has not appeared anywhere. Maybe in the Russian Federation or Saudi Arabia, but they have never heard of such a thing anywhere else.

              Since then, the financial crisis has begun.

              And it ended, and again began, and again ended. By the way, the crisis of the 30s was still at the time of the gold standard.

              Therefore, China is nervous

              I have not heard about China’s nervousness, but their economy is slowing down, they have passed their peak of growth and are now entering a crisis.

              easiest way out of crisis

              I have no doubt that you would have done so. But America is not the Russian Federation, which is why money is still considered a dollar, not a ruble.

              Trump is confronted by powerful financial capital, in spite of industrial

              Beyond the reasonable.
              PS You, by chance, did not teach the economy of socialism? There are the same statements divorced from life.
              1. Bakht Offline Bakht
                Bakht (Bakhtiyar) April 2 2020 11: 15
                I understand that you will not learn anything. Just one comment. The term "petrodollar" was not invented in the USSR. Use your brains.
    2. mor7d Offline mor7d
      mor7d (mor7d) April 1 2020 11: 10
      It needs 2 trillion - please. Simple question

      The Fed does or does not do it at someone’s will. This is not the Russian Federation. The Fed does something only based on the need to do this, the need to support the economy.
      1. Bakht Offline Bakht
        Bakht (Bakhtiyar) April 1 2020 12: 03
        The Russian Federation does not just print money and also does something based on necessity. Another thing, as they understand the need in the States and the Russian Federation.
        1. mor7d Offline mor7d
          mor7d (mor7d) April 2 2020 00: 28
          Another thing, as they understand the need

          Well, that's their business. Look at least at inflation in the Russian Federation and America.
    3. mor7d Offline mor7d
      mor7d (mor7d) April 1 2020 11: 11
      How much can you PHYSICALLY print dollars in a couple of hours?

      Billions are "printed" by the Fed within seconds. This is entering a number and pressing the Enter key.
      1. Bakht Offline Bakht
        Bakht (Bakhtiyar) April 1 2020 11: 55
        You gave three comments and didn’t clarify anything. So, $ 16 trillion of stuffing into the market is virtual money. They are not in reality. So or not?
        1. mor7d Offline mor7d
          mor7d (mor7d) April 2 2020 00: 34
          They are not in reality. So or not

          So, of course so. And if they are not used, they will also disappear. Money is now only "virtual", there are no others. They print on paper, as much as it takes to go to the market, pay off or buy drugs, and in all other cases they pay by credit card. For example, I have not held cash in my hands, probably for the last five years, if not more. I have a "wallet" - this is a plastic cover with a driver's license and a credit card and that's it.
    4. Lieutenant Rzhevsky I April 1 2020 14: 27
      Quote: Bakht
      The Fed is printing and throwing trillions of dollars into the market. We have information that banks do not have liquidity.

      The Fed does not physically print banknotes, it is electronic money, virtual. Liquidity here means cash.
      1. Bakht Offline Bakht
        Bakht (Bakhtiyar) April 1 2020 15: 18
        I gave a link where it says "on providing liquidity". And even highlighted in bold. Really economic magazines do not distinguish cash from electronic money? And the distribution of money to the population is also virtual money or a very specific thousand bucks per person?
        And I noted that this is virtual money. But quite specific goods are taken under this virtual. If they are not thrown outside the United States, then by the summer America will receive hyperinflation. And China threatened to drop the Treasury and get real bucks for them.
        Can you clarify the Fed policy?
        1. boriz Offline boriz
          boriz (boriz) April 1 2020 19: 15
          If the population does not pick up these goods, in the near future workers of retail chains and wholesale companies will be left without work. Wholesale companies will not be able to transfer money for the goods (in the same China). This is not about normalizing the situation, but about some kind of postponement of a complete collapse.
          Most likely, Trump is preparing a replacement financial system (and currency). Very clearly, he turns the dollar into complete trash. To paraphrase a quote more than a hundred years ago, they use the dollar while they still give something for it. Soon they will give only in the face.
          Well, if you leave the masses of traders and financiers without work right now, the civil war will begin right now. I have written more than once that it will be (of greater or lesser intensity), but now, looking at these shows in the battle for toilet paper, there are fewer doubters. And I’m just scared to imagine what will be there. My imagination is well developed.
          Our people do not realize how badly the US state is sewn together. People there live mentally completely different, each state has a very large share of independence (and in one of them the Democrats won, in the other the Republicans and one state can shit on another even out of political interests, spitting on national interests). Plus, a huge number of people will be left without work. the figurative phrase "they live beyond their means" will take on a very concrete meaning.
          1. Bakht Offline Bakht
            Bakht (Bakhtiyar) April 1 2020 19: 25
            Reformatting the world is a very real thing. And the fact that Trump is leading the case to bankruptcy is also clear to me. But I don't believe in the collapse of the States. Trump was not joking when he put forward the slogan "Make America Great Again."
            But whether he himself will live to this point is a big question. The last U.S. president to swindle at the Fed was John F. Kennedy. I hope Trump studied the history of the United States well.
            1. boriz Offline boriz
              boriz (boriz) April 1 2020 19: 48
              And I wrote about this too. Not only the DFK, but also his brother (they killed him immediately after the victory in the primaries), and ALL the other presidents killed, one way or another, crossed the road to the banksters. And Andrew Jackson was shot from 2 pistols, his happiness that there were no revolvers yet, missed. And he, too, covered one of the predecessors of the Fed, the Second Bank of the United States. He vetoed the renewal of his license and withdrew from him the funds of the government.
              But such stories we do not really like to print.
              And Trump has not just crossed the banksters' path, is preparing to deprive "of everything acquired by back-breaking labor." He, most likely, will not live long, if only some kind of compromise is found. But I doubt something.
            2. boriz Offline boriz
              boriz (boriz) April 1 2020 19: 55
              And about the collapse - I was here telling a story about coal. US coal exports last year fell 20%. Because the states of Washington, Oregon and California (the Democrats defeated there), in the struggle for the stolen childhood of Greta Tunberg, banned the shipment of coal on their coasts. And this is all the Pacific coast (except for Alaska, but it is not in business here). And the states of Wyoming and Montana shipped their coal to Asia. Trump is now twitching to negotiate a shipment via Mexico and Canada. But coal from this also will not fall in price.
              In the meantime, the Indian market is occupied by Russia and Mongolia.
              Well, how can such a country not fall apart? 20% of coal exports are not interested, because it is the electorate of Trump.
              1. Bakht Offline Bakht
                Bakht (Bakhtiyar) April 1 2020 20: 03
                Thanks for the information. I didn’t know about coal. Not very interested. And so much information. But interesting ... Maybe I'll see what they write about coal.
      2. mor7d Offline mor7d
        mor7d (mor7d) April 2 2020 00: 35
        The Fed does not physically print banknotes, it is electronic money, virtual. Liquidity here means cash

    5. boriz Offline boriz
      boriz (boriz) April 1 2020 18: 07
      How much can you PHYSICALLY print dollars in a couple of hours?

      And nobody prints them. This is electronic money. And the more they click on the clave now, the faster and more deafening the US financial system will collapse. And behind it, both the IMF and other Bretton Woods structures, without a dollar, they do not make sense.
      1. Bakht Offline Bakht
        Bakht (Bakhtiyar) April 1 2020 18: 48
        In general, everyone came to a common denominator that there are no real banknotes. And what is typed on the keyboard can be erased with the "delete" button.
        But what is the trick then? Here comes a salary on my card (or 1000 bucks under the Trump program). This is not real money, but only digits on the display. I go to the store and they are debited to me at the box office. But I'm taking something from the store is a real iPhone or a loaf of bread.
        Quote from the internet. What matters is not style, but the essence of the phenomenon

        The official mouthpiece of China, State The Global Times has released an editorial that clearly sets out a vision of what will happen next and what China has to do to deal with the consequences of the US bombing of the “financial nuclear bomb.” We quote: “Serious global inflation is on the way. Rising commodity prices will soon spread to all products around the world, leading to higher asset prices, and the impact of this growth will ultimately be felt in the real economy. Being one of the largest lenders of US debt, China should be vigilant about the impact of printing money in the United States with proper precautions regarding the structure of Chinese foreign exchange reserves"". Which in translation from diplomatic Chinese, although written in English, into colloquial Russian - suddenly means literally the following! "China is seriously considering a scenario where dollars (and US bonds from China's foreign exchange reserves) will need to be immediately dumped, because Washington's actions will lead to global inflation and a catastrophic devaluation of the American currency itself. "

        Being Thomas an unbeliever, I looked for this article in the original. It says even worse.

        It is the printing of the dollar that comes from the recession of the real economy.

        1. Ser sash Offline Ser sash
          Ser sash (Ser Sash) April 1 2020 22: 20
          The Fed does not even give banks real money, just a receipt for how much they can give out loans. I heard that one American sued the amount of the loan paid, explaining that in fact the bank did not give him any money.
          If you have not seen before, about the economy with humor:

          1. Bakht Offline Bakht
            Bakht (Bakhtiyar) April 1 2020 22: 29
            I would believe it. But how many times did I withdraw dollars from an ATM. In the States this was not. But at home, the bills come out completely new, already crunch. Serial numbers one by one. But in the States I have never seen such a thing. Apparently, printed money is entirely exported.
            So it turns out that the States produce well only one good - banknotes.
            In general, the situation is even worse than I thought. REAL banknotes are not so many. And virtual money is just a hoax. If this whole scam fails once, then the dollar as a world currency will come to an end.
            Now nothing concrete can be said. The fact that the northern furry animal came is understandable. But what size is it? ....

          2. mor7d Offline mor7d
            mor7d (mor7d) April 2 2020 12: 29
            The Fed doesn’t even give banks real money

            Only bandits and prostitutes have real money, the rest are paid by credit card.
        2. mor7d Offline mor7d
          mor7d (mor7d) April 2 2020 00: 38
          This is not real money, but only digits on the display

          So it is, the numbers in the display. We have a practical complete rejection of cash. It is forbidden to pay them. Only the numbers on the display.
    6. demo13 Offline demo13
      demo13 (demo13) April 5 2020 10: 55
      ... this is virtual money, for which the whole world must pay with real goods

      Only one way out:
      - real goods (oil) -> virtual money (green paper) -> real goods (physical gold), .... which is what the Central Bank of the Russian Federation and the Central Bank of China are doing now.

      Russia is breaking records for gold reserves: by the beginning of this month, its value in foreign currency rose to nearly $ 110 billion. In physical terms, volumes also increased amid the relentless purchase of precious metal by the Bank of Russia. Although the bet on gold in recent years has been criticized by many economists, it seems that now this asset brings considerable benefits to the country. It is at the expense of him that the de-dollarization of Russian reserves is far less painful than it could be due to the recent strong American currency.
  13. Rus Offline Rus
    Rus 31 March 2020 21: 57
    A brilliant ruler! One victory! Keep it up! Forward to a brighter future!
  14. mor7d Offline mor7d
    mor7d (mor7d) April 1 2020 11: 06
    Russia prevails in the "oil war"

    Where, in what place? How exactly is this victory expressed?
  15. mor7d Offline mor7d
    mor7d (mor7d) April 2 2020 12: 27
    A curious twist. It turns out that the humanitarian aid that Russia sent to the United States - and it was a load of masks and disinfectant solutions so scarce in Russia, which are also not abundant in our pharmacies - in general, it was not help. State Department spokeswoman Morgan Ortegus said the entire cargo was "purchased" with money. That is, it is an ordinary product. Ortegus did not specify how much was paid for the cargo, but noted that the "purchase" was the result of a telephone conversation between Putin and Trump
  16. maestroterz Offline maestroterz
    maestroterz (David Terzyan) April 4 2020 14: 16
    I got the opposite impression. Trump said -

    ... I do not want to resort to other methods and I hope to reduce production by 10 maybe 15 million barrels.

    In parallel, all US companies insist on imposing sanctions against the Saudis and the Russian Federation !!! Moscow has changed the record and is ready to cut amicably with all OPEC countries)))) Not a victory, but a failure, America is protecting its interests in oil shale.