The selling point for globalism was that if countries depending on one another they’d never wage war. If that’s the case, what’s happening with Russia is the exact opposite. The war in Ukraine appears to be the tipping point that separates the west irrevocably from Russia — cemented today with the first of many energy bans imported from Russia — starting with coal. In time, the EU will ban all Russian energy products and in turn — it seems — Russia will prohibit exportation of agricultural products.
Today’s headlines
EU to Sanction Two of Russian President Putin’s Daughters, Officials Say — WSJ
EU to Implement Disciplinary Procedure Against Hungary
BIDEN ADMINISTRATION SEEKS TO BOOST OIL IMPORTS FROM CANADA: DJ
PUTIN SAYS RUSSIA NEEDS TO KEEP CLOSE EYE ON AGRICULTURE EXPORTS TO “UNFRIENDLY COUNTRIES”
SPAIN TO EXPEL RUSSIAN EMBASSY STAFF, FOREIGN MINISTER ALBARES SAYS
CZECH REPUBLIC HAS SENT SEVERAL T-72 TANKS AND BVP-1 INFANTRY FIGHTING VEHICLES TO UKRAINE – CZECH TELEVISION
TWITTER TO APPOINT ELON MUSK TO BOARD OF DIRECTORS
GERMAN FOREIGN MINISTER BAERBOCK SAYS WE HAVE AGREED AS THE EU THAT WE WILL COMPLETLY END FOSSIL FUEL DEPENDENCY ON RUSSIA, STARTING WITH COAL
GERMAN FOREIGN MINISTER BAERBOCK SAYS THAT WILL BE FOLLOWED BY OIL AND THEN GAS
Italy expels 30 Russian diplomats
UKRAINE’S ZELENSKIY SAYS IT IS POSSIBLE THAT THERE WILL BE NO MEETING BETWEEN HIM AND RUSSIAN PRESIDENT PUTIN
EU TO BAN IMPORT FROM RUSSIA OF WOOD, CEMENT, RUBBER, CHEMICALS, HIGH-END FOODSTUFF, INCL CAVIAR, AND SPIRITS INCLUDING VODKA FOR A TOTAL VALUE ESTIMATED OF 5 BLN EUROS A YEAR – EU SOURCE
EU TO BAN ALL COAL IMPORTS FROM RUSSIA – EU SOURCE
This is all incredible bearish — seemingly the end to globalism as we know it. This of course isn’t priced in. At the same time, knowing how markets work, stocks will fight reality down to the last earnings report and there is no assurance we’ll correct in any meaningful manner any time soon. That said, one has to be bullish on American coal and LNG exports to China. There are several ways to play them, the most noteworthy is shipping and miners.
For longer term accounts, having a permanent allocation into ag, oils, and metals seems like a good idea. Even if the war ended tomorrow, the sanctions will still persist and the relations between Russia and the west ruined for at least a generation.
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BIDEN ADMINISTRATION SEEKS TO BOOST OIL IMPORTS FROM CANADA: DJ
Biden cancelled Keystone XL. FIRST day in office…. fucking retards.. More trains!!! CHOO-CHOO
Big oil executives on Capital Hill for a talking to. Should be a good anger-rousing session displaying true character, not to be missed.