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August 4th, 2022. Big Five Update: Wheat Wars. Ukraine/Russia. Biden and Xi. Bug-Fed Cows? Gas Prices.

The President's Daily Brief

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Russia's Oil Exports Are Up, and So Are the Exports to Europe

Russia's oil exports are holding steady, and now basically are the same as they were before the war. The europeans continue to be big buyers of russian natural gas. Some fancy people at the international monetary fund say that all those sales of oil and desil and natural gas are propping up the Russian economy more than expected. On the other hand, we've got a bunch of other fancy people at yale university who came out report this week saying, no, no, russia was headed for economic oblivion.

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