{"id":63990,"date":"2022-11-01T09:30:20","date_gmt":"2022-11-01T14:30:20","guid":{"rendered":"https:\/\/olduvai.ca\/?p=63990"},"modified":"2022-11-01T09:30:20","modified_gmt":"2022-11-01T14:30:20","slug":"war-economic-war-war-military-war-economic-war-do-you-spot-a-pattern","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=63990","title":{"rendered":"War; Economic War; War; Military; War; Economic War – Do You Spot A Pattern?"},"content":{"rendered":"
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War; Economic War; War; Military; War; Economic War – Do You Spot A Pattern?<\/a><\/h3>\n<\/header>\n
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The times are not just a-changin\u2019 \u2013 they have changed.\u00a0<\/strong>Let\u2019s take six of the top seven headlines in the Financial Times this morning in Asia as Exhibit A:<\/p>\n

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  • \u2018Biden claims oil companies are \u2018war profiteering\u2019 as he floats windfall tax\u2019<\/em><\/li>\n
  • \u2018The Long View. Is Europe winning the gas war with Russia?\u2019<\/em><\/li>\n
  • \u2018Military Briefing: Russia and Ukraine prepare for the rigours of winter war\u2019<\/em><\/li>\n
  • \u2018The Big Read. Egypt and the IMF: will Sisi take the economy out of the military\u2019s hands?\u2019<\/em><\/li>\n
  • \u2018The nuclear threats that hang over the world\u2019<\/em><\/li>\n
  • \u2018Live news updates: Putin says grain deal \u2018suspended\u2019 not terminated\u2019\u2019<\/em><\/li>\n<\/ul>\n

    Do you spot a pattern? War; economic war; war; military; war; economic war.<\/strong>\u00a0Are you incorporating them into your forecasts? I can assure you that the vast majority of analysts still aren\u2019t because this is apparently \u2018exogenous\u2019. If so, what is endogenous is irrelevant. Anyway, on we go into those murky waters, via a mini-edition of the Global D\u2019Oily.<\/p>\n

    The White House has come out all guns blazing against Big Oil<\/strong>, calling them war profiteers (which the US is no stranger to: **cough** The 2003 Iraq War **cough**), and threatening windfall taxes. President Biden gave a public address and specifically tweeted that:\u00a0\u201cThe oil industry has a choice. Either invest in America by lowering prices for consumers at the pump and increasing production and refining capacity. Or pay a higher tax on your excessive profits and face other restrictions.\u201d<\/em>\u00a0Recall when in 2016 I talked of geopolitical \u2018Thin Ice\u2019 we could fall through, after which markets would no longer operate the way they used to? Well, it wasn\u2019t just about tariffs:\u00a0the US is now laying down the law to not only the Russian energy industry, but its own.<\/strong><\/p>\n

    \u2026click on the above link to read the rest\u2026<\/p>\n

     <\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

    War; Economic War; War; Military; War; Economic War – Do You Spot A Pattern? The times are not just a-changin\u2019 \u2013 they have changed.\u00a0Let\u2019s take six of the top seven headlines in the Financial Times this morning in Asia as Exhibit A: \u2018Biden claims oil companies are \u2018war profiteering\u2019 as he floats windfall tax\u2019 \u2018The […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,3,5],"tags":[1997,281,24135,24136,694,1109,827,834,862,4318],"class_list":["post-63990","post","type-post","status-publish","format-standard","hentry","category-economics","category-energy-2","category-geopolitics","tag-economic-sanctions","tag-europe","tag-michael-every","tag-rabobank","tag-russia","tag-sanctions","tag-united-states","tag-us","tag-war","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/63990","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=63990"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/63990\/revisions"}],"predecessor-version":[{"id":63991,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/63990\/revisions\/63991"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=63990"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=63990"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=63990"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}