RUSSIAN Gasoline Disaster
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- Опубліковано 14 жов 2024
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In March 2024 RUSSIA BANNED the Export of All Gasoline for 6 MONTHS. The official reason given wss planned maintenance of the Oil Refineries and to ensure sufficient supplies for Russian Consumers and Agriculture however it has now been announced that the ban is being EXTENDED until the end of October raising further concerns that Russia is having PRODUCTION PROBLEMS. In this video I look into this issue in more detail and provide more details on the problems that Russia is now facing.
No need for chapters today as this is a short video!
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#russia
#russianoil
#sanctions
#oilprice
#gasoline
#china
#india
#uk
#pricecap
#GLOBALFINANCIALCRISIS
#RUBLE
#SWIFT
#RECESSION
#USA
#NATO
#WW3
#WORLDWAR3
You have a great talent for talking without a teleprompter Joe, fair play
In my opinion, he has an amazing gift of organizing and presenting information extemporaneously.
the lad knows his stuff for sure
Can even walk and talk at the same time. :)
Very impressive. I've always thought he had a written script.
@@MarkSpohr A real plus these days. 😊
Have a good time in Spain and show us something cool while you're there! ❤😀
I was about to say that beach looked spanish lmfao (i am spanish i know what spanish beaches look like)
@@LikeGGYou mean the giant dildos didn't ya? Is Spain known for such things?
Am I the only one who thought that was for sure a massive penis even after a double take?
Whomever designed those poles knew what they were doing, ill tell ya that.
The shorter update version of Joe Blogs is a winner!! (5-10 minutes is perfect)
Refineries here in North America get shut down every year for a couple of weeks and causes a bit of a hiccup in supply. Imagine if you are being hit by drones without access to parts and skilled people!
You're mistaken. Capitalist oil must be refined in a refinery. Russian oil is refined by the undying love of the motherland.
Refinement by Rodina! @@DogmaticAtheist
@@DogmaticAtheist Ukrainian drones seem to work just fine against that "undying" love.
@@DogmaticAtheist Love don't make the repair parts. :)
@@DogmaticAtheist ngl, you had me in the first half.
Yes do more walking and talking videos. You’ll be back home and in your studio soon enough. Enjoy your vacation.
Six minutes & 3 seconds with no retakes. Well, less a minute or so of a lamb getting luvin'. Very impressive with no retakes. I always thought you had a few. You must be a natural speaker on camera, Joe.
All organized and presented clearly. The studio obscured this. I am stunned.
There's a cut at 3:33. Possibly a few other places too, I didn't watch that closely. But even so, yes, this is really, really impressive.
@SBCBears Me? Not really surprised. Joe knows his stuff. 😊
I came down here to say the same thing. Kudos, Joe!
Yeah, definitely you should do shorter videos, when appropriate, in interesting locations. Visually nice, it is like I am walking with you and it seems a bit more personal. This feels natural, it lets your passion for economics and geopolitics shine through.
Refreshing change of scenery, thanks for sharing ❤
Enjoyed the ocean sounds as a backdrop . Thanks Joe.
Thanks, Joe, for keeping us informed while on vacation... enjoy!
Channeling his inner Peter zeihan lol
Exactly 😂
Another in my top 3 blogs with Joe.
Just came to say that 😂
He missed the perfect chance to poke fun at zeihan! Bummer.
I'm just happy there was no reference to "the Peter files" in this video. Gives me all the wrong vibes when Peter does that...
Excellent Joe - enjoy your vacation 🎉
Thank you!! 💪💪🇺🇦💪💪💙💛💙💛
The outdoor format works very well. Sound quality is excellent.
Proving that Joe doesn't need a studio or a script to do quality work.... Well done, Sir !
Quite brilliant! I enjoy walking on a Spanish beach while we talk, and the lamb was priceless❣️Bravo❣️
Yes Joe, takes us on your travels. 3D scenery is the best. Have fun on your holiday. Cheers from USA
Happy to hear from you wherever you are. Enjoy Spain.
Hi
Thanks, Joe.
And I do enjoy you giving your reports in the style of Peter Zeihan.
Your shorter video on location are a great idea and have a lot of impact ! Thanks for sharing !
Love the MUCH shorter format Joe. Really enjoyed it - succinct and to the point.
I wish you a lovely holiday in Spain, Joe.
Enjoy Spain! Always very inspirative content! Thanks, Joe. Greetings from Prague!
Happy Vacation Joe!
Very cool, Joe. Enjoy the vaykay and really liked this change of pace. Hope to see these sprinkled in occasionally.
Nice that you are in my country, have a good time!
Nice video format while you’re getting a change of scenery! Enjoy your time there and thank you for your diligence. 👍
Enjoy the walkabout. Spain looks lovely.
Have a great vacation Joe. 😊👍
Really enjoy the micro sessions on location! Provides us the key points without the long detailed reports. It’s a great balance to reporting.
I'd imagine Joe that a lot of their fuel production is going direct to the armed forces. They've got to be getting through a hell of a lot of petrol, diesel and aviation fuel.
Thanks! Glad you are able to get away for r&r🎉
👏👏👏👏 Great job Joe. Loved it. The Alan Whicker of economics! Have fun down there.
The thumbnail pricture for the video was great: "Russian Gasolin Disaster" and a huge smile!
The out-of-studio cameos are very nice!
Peter Zeihan would approve of the Al Fresco delivery.
For the algoritm! 😊
Thank you Joe 🎉🎉
Thanks! JOE! Really enjoyed your 'out of the office' vid. Awesome ❤
Enjoy your vacations joe, Jean from Canada.
Thanks! Have you heard that some Chinese banks introduced daily cash withdrawal limits. And if a person tries to withdraw more ~3K USD in cash, he must get approval from the police.
This was mentioned in some detail ob China Uncensored.
Maybe use crypto lolilol
Also -300 social credit score 😉
@@silverbird425 It's part of the reason why crypto is so popular.
Enjoy your vacation Joe, that beach looks fantastic!
Skegness has changed a lot since I was there , wont say what those Sun Parasol's look like but did have a good chuckle
Hope you're having a great vacation, Joe! Heard Spain ought to be real nice this time of year! 😃
Thank you
Well done Joe , excellent work
Wow Joe. I figured you to be some kind of robot with no legs bound to the confines of some office hooked up to the internet 24/7.
This whole new area debunks that theory. Enjoy your time in Spain.
Like the robo bartender in the movie with Jennifer Lawrence and Chris Pratt...
Still no sign of legs
Joe, great blog, but looks like you're enjoying your Spanish vacation, which is an excellent thing.
Always excellent.thanks Joe.!!
Super brief and location, thanks Joe!
Hi Joe, we’re in Spain for a holiday, too. Enjoy!
Have a wonderful time in Spain.
Love the outdoor format!!!
This is exactly what I want from the Channel. I think you're uniquely positioned to go the Peter Zeihan route. Get out into the world, get mobile, and record your shows like this. I do have to admit a preference for pieces under 15 minutes.
3:20 Another possible consequence if the refineries don't keep their staff on retainers is that the workers are likely to find new jobs and once they've done that, the refinery will struggle to hire new people.
I like the quick-hit format and I think that turned out well for being live on location. 😄
Saludos y gracias y que pases un buen tiempo! 🇪🇸
Saludos desde costa 🇨🇷 rica
Enjoy your vacation Joe!!! Greetings from Belgium, Marianne
Have a wonderful time in Spain! You always put out great content, I appreciate the hard work you put into it.
Love the short update Thanks Joe
UOP makes the catalyst for refining crude oil. UOP is a US company. Without that technology it is even more difficult to make gasoline.
Interesting because some folks told me Russia can make it.
They will just import the catalyst from South Africa.
@@stuffstoconsider3516 Russia make that catalyst for more than 5 years.
@@stuffstoconsider3516which one / ones are they claiming? How are they claiming to bypass the sanctions as the technology is proprietary to a US company?
@@robertpatrick3350 They claiming like its their own technology
Have a wonderful vacation, great video, thank you.
great break from the norm, luv ya mate,and big HELLO from Houston Tx
They can only refine what they have to refine , so they’re screwed & so is their logistics with refining & domestic prices have soared
Interesting point I read about russian inflation is that the GDP includes includes military output, but those prices have been frozen by the kremlin, so 0% inflation. This stat helps to hide the 30-40% increase in consumer goods, therefore showing a much smaller overall inflation figure.
I'm not sure your logic works. Usually the inflation figures that are reported are *consumer* inflation. The issue you mention might affect the GDP deflator but probably not consumer inflation.
GDP is whatever Rostat wants it to be.
@@seneca983 Hi thanks for your response. I'm not talking about the niche sector of 'consumer inflation' (which would be around 35%), I'm talking about the nationally declared inflation percentage of the entire russian economy.
PS - sell your rubles, very soon your economy is going into hyperinflation.
@@nick5062 Wouldn't that rather be the point in the first place anyway? Using an unusual metric and ambiguous descriptors to mask that the usual one is performing far worse.
I find myself a bit perplexed by seneca's criticism, as it appears to completely miss the issue.
@@nick5062 "I'm talking about the nationally declared inflation percentage of the entire russian economy."
There isn't an inflation metric with such name. Maybe you're a bit confused about how inflation is measured.
When measuring inflation, you have to always make a *choice* about which prices are included in the index and with what weights. One choice is take the goods and services that an average consumer consumes weighted according to their share of the consumer's spending.
When you're talking about a country X having an inflation rate of Y% without specifying what kind of index you're using it's basically always going to be some kind of consumer inflation. Thus e.g. "inflation in the US" is pretty much always going to be CPI (or maybe sometimes PCE), not some other index. This kind of index is not going to be (directly) affected by the price of military output.
Now there are also other kinds of price indices. Instead of a basket of consumer goods you can also take a basket of what the country *produces* weighted according to the amount of production of each product. An index like this is called the "GDP deflator". It presumably includes e.g. tanks and bombs so it could be affect by government policy directly affecting the prices of tanks and bombs. However, if you just google e.g. "inflation Russia", the figure you're going to find is not the GDP deflator but rather some kind of consumer index. For what it's worth, the inflation measured with the GDP deflator has in the past been much higher than the reported consumer inflation but it has come down a lot and in 2023 is seems to have been slightly below consumer inflation. However, I don't know how reliable the data from Russia is.
"PS - sell your rubles"
I don't have any Rubles to sell.
Thanks Joe for the update❤❤
The format is good, the content is what we’re after
Love the travel log 😍
Enjoy your time there Joe.😊😊
Nice format!
Have a good time, and keep doing videos. they very informative. Thanks.
Nice video, thanks!!
I love the quality and content of your videos. This one was also great fun seeing you on location.
Enjoy every one of your vids
Enjoy your stay in my country. Lot's Of love from Cordova
Very nice Sir!
Excellent reporting.
Have fun and welcome to Spain!
I very much enjoyed the format! It was a nice change,
Enjoyed the video (as always). Was that a goat or a sheep at the end? I really enjoyed that as well.
Have fun on vacation!
Thank you for the on location video, Joe. I know how much work and thought you put into them. Also, a big thank you for adding the last minute of the video. That little lamb was absolutely adorable, and obviously a big fan. Have a great vacation!
Joe has a life. 😁😁
Great vid. Enjoy your holiday!
Hi Joe, lovely to see your enjoying a holiday looks great there and yes it's always good to have the information you give, it's always very informative, backed up by facts graphs and proof that's delivered in a way a person like myself can follow I work for the NHS so not economically trained though I find it very interesting especially in relation to what's going on in Russia and with Ukraine, so big thanks and yes post whenever you want it's nice to see you do everyday stuff like the rest of us and I still think it's so much better to see you in your videos.
The mega-refineries can easily create tons of fuels, but again, the products can not be sent to customers and consumers. Now consumers will claim "there is a shortage of fuel!!". No there is not, but there really is a major shortage of fuel trucks! Of course all hits of refineries is a good job and helps the soviets to understand what war means, but the production for domestic consumption of fuels, is not really affected. Of course the soviets can't fix their blown up refineries, which is very nice too.
Loved it !!!
Cre.
Ate to see you in the wonderful sunny weather.Thank you , joe , keep up the good work
Thank you for another great report!
I’ll keep watching your content and if you can produce it on the Beach…😅go for it! Have fun!
Enjoy your time in Spain! thanks for keeping us updated. Listening from Texas :)
Mr Joe Blogs I am so friggin jealous of that opening shot :) I havent seen a pristine and totally tourist-free beach like that since the brief time I lived on St Croix. Man does that bring back memories. Enjoy it sir!!
Hey Joe, absolutely brilliant episode and nice scenery behind 👍 👌
Yes...continue your " travel " video. Its Great !
Thank you for updating us. Have a great holiday. One thought: if you have a chance, perhaps you could do something to put a smile on our faces.
Happy holiday to you
I like your cool look! I am impressed how well you do all that talking while walking. Keep the sun glasses for when you return to indoor video shooting
Good Morning Joe!
Have a well earned break in Spain. Thank you for all your videos. Keep em coming.
Thanx Joe- and enjoy your holidays...! 😊🎉
Have good time in spain. Thanks for the info.