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Today downtown Gardiner expressway.

Photo Credit: Lisa Mai on Facebook.

#GeoPolitics #Russia #Oil Analysis of Price Cap on Russian Crude 

The Great “Russian Oil Price Cap” Charade

For those unaware, the EU and other Western nations have a December 5th deadline for implementing a cap on the price of oil purchased from Russia. The West has come to the conclusion that they cannot live without Russian hydrocarbons, but they need to appear to be doing something to limit the amount of money flowing East. Thus the Russian Oil Price Cap dog and pony show was born.

Supposedly, the price would be set high enough for Russia to have an incentive to continue selling fuel to the West, but low enough that the profits from these sales would be massively reduced for Russia, a supposed win-win for the West.

However, to make such a scheme function in a manner that actually hurts Russia, they’d need China and India to play along, and well…, that ship has sailed 🤣.

Currently, the market price of a barrel of oil is $83, for example, and Russian oil already sells at a discounted price of approximately $60-70 per barrel in Asia, due to the current sanctions. The proposed price cap will most likely be around $60-70 per barrel. For perspective, Russian oil companies can profitably sell oil at any price above $30 a barrel, and Russia can balance its budget at prices above $50.

You can already see the Western leadership doesn’t believe in its own policy. In addition to the price being set at basically what China is currently buying oil, the proposed rules wouldn’t apply to oil sent via pipeline over land. This is an abysmal failure when it hasn’t even started…

Why is this such a dud of an idea? As mentioned above, without Asia joining the price cap regime, Putin can simply call their bluff, and refuse to sell fuel to the West, and they know it. The business lobby in the West would also never allow a policy that actually reduced the flow of hydrocarbons, and the people are already suffering the worst inflation scene in generations. BUT they need to look like they’re doing something, so here we are.

-Zin

Edit: I’m just now reading that Russian crude already sells at $52 per barrel in the Urals, so the price “cap” would actually be $10 higher 🤣

It’s obvious that this policy is really about cleaning up the appearance of what’s already happening, not about any new attack on Russian finances.

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Is capitalism possible without primitive accumulation? Asking for a friend.

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FUN FACT: You can flash an X230 with Libreboot without using external flashing equipment but you do still need to take it apart. I added a guide:

libreboot.org/docs/install/ivy

I still recommend external flashing. The internal method (for replacing Lenovo firmware) is actually harder.

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Now that we're starting to see more impersonation accounts on Mastodon, a reminder that verified websites are a thing. It's not perfect, but implementable at the individual level, and this is how we know for example which of these is the real @stephenfry - and it's not the one with the meaningless checkmark. :)

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Twitter and Musk's fanboys 

In response to criticism of the Fediverse I've read today, and to some very uninformed comments I've read on Twitter from Musk supporters about firing most of Twitter's employees, I want to talk about what I know about the technical side of running a social service.

The short answer is: it ain't easy and it ain't cheap.

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It's not always about the horses for me. Mostly but not always. This time of year, I can be found in eastern NC photographing our large black bear population. This guy came out of a corn field about 15 yards from me. Never heard him, just felt his presence. Wow!

Get Prints Here: fon-denton.pixels.com/featured

#Wildlife #Nature #Bear #BlackBear #Outdoors #BuyIntoArt #Animals #WildlifePhotography #Photography #PhotographyIsArt #BuyWallArt

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We want Regime Change in #Belarus #Iran #Syria #Venezuela #Cuba #Bolivia #Russia #China - When did US/EU interference ever help the people of that country..? We interfer to promote our Financial interests + couldn't care less about the people - Let people sort their own country..

🐦🔗: nitter.eu/wallacemick/status/1

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@freemo Yeah I too run a Friendica instance and I never de-federeated. This is getting old for me already, and I kept screaming about this for a while now. A bunch of admins on the fediverse act like Musk I swear. Quickly block other instances in the name of thousands or millions. Non transparent too.

I have no clue what's the issue here....I've been on the fediverse for 2 years now.....where are these trolls and idiots and nazi and child porn? I have seen none. Maybe because I carefully select who I want to follow and if anyone is a troll I block them immediately. Simple. Works great. Thus, users has a tremendous power at taking care of themselves and new tools/options can improve the situation, such as the ability to mute comments on your posts or only accept comments from your friends, or block lists that individuals can enable for themselves, and so on.

De-federation is a very primitive and destructive behavior.
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Fediblock and feditip 

#fediblock #twittermigration #feditip #psa If you don't agree with a person (that's not violating rules) DON'T REPORT THEM! Report if there's a violation of the rules. It wastes moderators time. If you disagree (again not violating rules) block or mute. But I suspect some of the reporting is deliberate trolling on it's own like twitter rw and far left fratting brigades that would mass report because politics. Think before reporting!

Whatcha all think? For moi, a reason to leave the desktop version behind and switch to vanilla Cinnamon. Tired of needing a plethora of extensions to customize to my liking whilst Cinnamon doesn’t.

GNOME Shell is one step closer to Linux phones

Our first post ever on this website was about the GNOME Project “getting ready” to adapt their environment to the growing demand of responsive, mobile-friendly Linux devices. That was back in 2019, before libhandy (Gtk mobile library) was considered stable, and when Librem 5s and PinePhones were less than a

tuxphones.com/gnome-shell-43-l

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#Fedilab 3.8.0 has been published.

Added:
- List of blocked domains (allow to unblock)
- Support gemini links
- Suggested followers
- Mod/Adm: Manage instance blocked domains
- Open messages with another account
- Allow to disable notifications for admins
- Sort lists

Changed:
- Allow search term to be edited

Fixed:
- Drafts deleted with no warning
- Remove lists from "Manage timelines"
- App crashes when proxy is set
- Filter not synced after being edited
- Some other fixes/ improvements

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Zoom (who got her name before the pandemic, before zoom the company even existed!) was feeling a little left out, so here's her submission to #CatsOMastodon #CatsOfMosstodon. Technically I'm not sure there's any visible moss in this picture, but Zoom is standing on a mushroom, so I think that counts as #mosstodon? Or maybe #mushtodon?

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#CodePink suspended on Mastodon instance 🐦 link 

@marathon0 I'm staying with Twitter for now. This place is a gated community; I hope that changes. Afaic, this account is just for connecting with people who might get bumped from Twitter and come here (I follow Chad Loder here), but while many of my regular Twitter friends now have Mastodon accounts, only one seems to actually use it.

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Release 1.0.21

A new feature for all of us that can't spell. You can now edit your toots, either by pressing E or typing :edit. If you want you can also use it as a leader and it is named edit.

github.com/RasmusLindroth/tut/

#tut #terminal #cli #tui #mastodon #vim #client #toot

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QOTO: Question Others to Teach Ourselves
An inclusive, Academic Freedom, instance
All cultures welcome.
Hate speech and harassment strictly forbidden.