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Blaine D. Pope, Ph.D.

Mar 31 • 4 tweets • 1 min read

Note: This is NOT good news. 👈🏽

Oil prices slide as Biden announces largest-ever Strategic Petroleum Reserve release cnbc.com/2022/03/31/oil…

This massive release of oil from the #StrategicPetroleumReserve has all the markings of desperation in the face of a global emergency.

It’s the energy equivalent of dipping into a savings account to make routine payments.

QUOTE—

“the world has never had a release of oil reserves at this 1 million per day rate for this length of time. This record release will provide a historic amount of supply to serve as bridge until the end of the year when domestic production ramps up”

https://twitter.com/econ_713/status/1509565225527353357

https://twitter.com/econ_713/status/1509565225527353357

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Blaine D. Pope, Ph.D.

@Dr_Blaine

Apr 1

President #Putin’s Full Remarks at the #Oil for #Ruble announcement | The Vineyard of the Saker

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What we are witnessing here (potentially) is nothing less than the gradual conversion of the Russian ruble from a “soft” to a “hard” currency. Students in my international business class will appreciate the significance of this.

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Blaine D. Pope, Ph.D.

@Dr_Blaine

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3rd point*

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Blaine D. Pope, Ph.D.

@Dr_Blaine

Mar 23

@YouTube

Vladimir Putin's #Judo Влади́мир Влади́мирович Пу́тин

via @YouTube

“Resisting a more powerful opponent will result in your defeat, whilst adjusting to and evading your opponent's attack will cause him to lose his balance, his power will be reduced, and you will defeat him. This can apply whatever the relative values of power…” ~ Jigaro Kano

As I study the geopolitical moves of Putin & the Russians, it seems to me they are adeptly applying “judo principles” in the pursuit of their political & economic goals.

They are using elements of surprise to throw opponents off balance, literally & figuratively.