 |
Louisiana Light • 5 days | 89.16 | +0.62 | +0.70% | ||
|
Bonny Light • 2 days | 91.29 | -2.25 | -2.41% | ||
|
Opec Basket • 2 days | 89.57 | -1.20 | -1.32% | ||
|
Mars US • 165 days | 77.67 | -1.57 | -1.98% | ||
|
Gasoline • 10 mins | 2.819 | +0.035 | +1.25% |
|
Bonny Light • 2 days | 91.29 | -2.25 | -2.41% | ||
|
Girassol • 2 days | 91.81 | -2.21 | -2.35% | ||
|
Opec Basket • 2 days | 89.57 | -1.20 | -1.32% |
|
Peace Sour • 10 hours | 78.61 | -0.25 | -0.32% | ||
|
Light Sour Blend • 10 hours | 81.66 | -0.25 | -0.31% | ||
|
Syncrude Sweet Premium • 10 hours | 88.61 | -0.25 | -0.28% | ||
|
Central Alberta • 10 hours | 79.01 | -0.25 | -0.32% |
|
Eagle Ford • 2 days | 81.89 | -0.25 | -0.30% | ||
|
Oklahoma Sweet • 2 days | 81.75 | -0.25 | -0.30% | ||
|
Kansas Common • 5 days | 76.00 | -5.50 | -6.75% | ||
|
Buena Vista • 5 days | 89.36 | +0.64 | +0.72% |
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Medvedev’s Absurd Predictions: $150 Oil, A U.S. Civil War, And EU Collapse
Oil prices hit will $150 per barrel, natural gas prices are set for a stratospheric surge to top $5,000 per 1,000 cubic meters, Elon Musk will become U.S. president after a civil war in the United States, and the EU will collapse, according to 2023 predictions of a top Russian official.
“The UK will rejoin the EU,” but “The EU will collapse after the UK’s return; Euro will drop out of use as the former EU currency,” Dmitry Medvedev, Deputy Chair of the Security Council of the Russian Federation, tweeted in a long thread late on Monday.
“Epic thread!!” Musk commented on the outrageous predictions of Vladimir Putin’s ally and former Russian president, Medvedev.
Other predictions from Medvedev include “Poland and Hungary will occupy western regions of the formerly existing Ukraine,” and “The Fourth Reich will be created, encompassing the territory of Germany and its satellites, i.e., Poland, the Baltic states, Czechia, Slovakia, the Kiev Republic, and other outcasts.”
“War will break out between France and the Fourth Reich. Europe will be divided, Poland repartitioned in the process,” Medvedev continues.
“Civil war will break out in the US, California. and Texas becoming independent states as a result. Texas and Mexico will form an allied state. Elon Musk’ll win the presidential election in a number of states which, after the new Civil War’s end, will have been given to the GOP,” the Russian official tweeted.
“All the largest stock markets and financial activity will leave the US and Europe and move to Asia,” and “The Bretton Woods system of monetary management will collapse, leading to the IMF and World Bank crash. Euro and Dollar will stop circulating as the global reserve currencies. Digital fiat currencies will be actively used instead,” Medvedev wrote.
He concluded his Twitter rant with “Season greetings to you all, Anglo-Saxon friends, and their happily oinking piglets!”
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Needless to say, the former Russian president failed to show the working that had led to such predictions.
By Charles Kennedy for Oilprice.com
More Top Reads From Oilprice.com:
- The Era Of Cheap Oil Has Come To An End
- Putin Inaugurates Siberian Natural Gas Field As Russia Targets Chinese Market
- Yergin: Oil Prices Could Break $120 If China Overcomes Covid
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Open57.81
Trading Vol.6.96M
Previous Vol.241.7B
The EU is paranoid about collapsing. The UK keeps regretting. Germany has historical complexes. France fells it self minorized. The Baltics are some how the outcasts of the north.
First the serious stuff 150$ the barrel it is quite possible but couldn't be hold for more than a day or two. The thing is we do have to get use to that Oil producers will do everything they can to bring oil prices around 100$ steady. As the EU is planning to cap oil, they may be target by a global price botton. The Russians have talked about it. Surely they are preparing something.
The real prediction is that if escalation continues Russia will have to create a situation that will feel like the begin of a major war. The world will be in panic.
We have though got used to Putin's surprises. So we should be expecting alot bullish behaviour in the markets. The reaction of the EU will go in the same direction: price controls. They got the taste of it, they won't let it go. But such neo-colonialism is not for your nowadays world.
1- Oil prices could top $150 a barrel and natural gas could surge to $5000 per 1,000 cubic metres in the next 3 years if the Ukraine conflict continues to flare up.
2- Nothing could stop Elon Musk becoming a US president within few years. He is already the richest if not one of the richest in the world.
3- A civil war in the United States is a real possibility. It happened before and could happen again in the near future. American society suffers from a terminal cancer in the form of an extremist right wing movement as was demonstrated by the attack on the Capitol in 2016 and a dormant but very vociferous and venomous anti-white Black majority in a society where the National Rifle Association (NRA) reigns supreme in both the Senate and the House of Representatives and every America is virtually armed to the teeth.
4- The European Union (EU) could indeed fragment or even collapse in the near future. The schism within the EU is getting wider as a result of the Ukraine conflict, rising energy prices and political differences over the Ukraine. Even if the EU survives as an emaciated entity, it will never ever accept a return of the UK to its folds since it views it as a US Trojan horse inside the EU.
5- A fourth Reich is too far-fetched an idea to be realistic. However, what isn’t far-fetched is a rise of a Nazi-like group of countries comprised of Germany, Ukraine, Poland and the Baltic States and orchestrated by Israel and directed against Russia.
6- A war between France and the German group could materialize in the future but only after the collapse of the EU.
7- The Petrodollar will be a thing of the past while the euro could disappear from the face of the earth.
Dr Mamdouh G Salameh
International Oil Economist
Global Energy Expert