There are those who want to force humanity into ‘degrowth.’ That is a dangerous path to go down, and it is unnecessary. Our capitalist economy is becoming more and more efficient over time. In short, it is doing more with less.
Spokesman Dmitry Peskov said that Moscow had prepared for this price cap—a controversial, and according to some experts, ineffectual mechanism that would ‘force’ Russia to sell its oil for less than current market value.
In a move that left the White House “disappointed,” OPEC+ announced a cut of its oil production by 2 million barrels a day, which amounts to 2% of global oil production. The political and economical fallout may have far-reaching consequences.
