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Depending on Russian Oil Is Not That Impossible
As long as the price of y is very, very flexible, rich countries will get as much oil as they want. They're going to pay more; it's the poor countries they can't pay more. There won't be enough if there's a limit, so the poor countries just won't get any. And at that point by then, china basically would own russia and install a popet regime. You see that works? As the russian economy shrinks and shrinks, and china is a bigger and bigger customer.