Worth noting: Cuba is the most extreme case but not an isolated one. The US blockade is the proximate cause for Cuba specifically, but the global backdrop is that ~14 mb/d of oil supply has been shut in since the Strait of Hormuz closed on February 28 (Day 78 today) — the largest cumulative supply disruption in the IEA’s recorded history, exceeding the 1973-74 Arab oil embargo on a cumulative-barrels basis.
Under that backdrop, importing-economy after importing-economy is hitting the same wall: Cuba’s grid in critical state, Bolivia under military deployment as of yesterday morning (3,500 troops + riot-control robots in Plaza Murillo to clear roadblocks), Bangladesh confirmed only 21% of its April fuel-import plan, Pakistan just made its largest single fortnightly fuel-price revision on record. Each has its own local political dimension but they share a structural one: dollar-strapped importing countries can’t absorb refined-product prices that have spiked 80-100% since February.
The Cuba blockade can be debated as a policy choice. What’s harder to debate is that the blockade lands at the moment global supply was already historically tight, leaving zero margin for the affected population.
Edward-Gentry on
What’s being done to the country is unconscionable. Is there even a coherent justification under international law for the American blockade?
Lanky_Travel_6726 on
As someone said before, they voted for this
LiterallyAPidgeon on
after being humiliated in China, the US will be looking to take out their frustration on a smaller, more helpless country they can bully with impunity
PoolRamen on
Energy wise, the US is playing right into China’s hands with this unless they regime change fast.
Solar uptake in Cuba has exploded, major official vehicles have been replaced by BYD’s, the solar modular grid is growing, public transport is electrifying / hybridising at a breakneck pace, and there’s now an operational SKD (i.e. most modules / assemblies pre-assembled in China) assembly plant for E-cargo-bikes / motorcycles operational with additional capacity to be able to produce cars as well. All this due to Chinese support really accelerating as of late.
Darth_Atton on
Thanks Americans! Great job helping kill those impoverished Cubans.
6 Comments
Worth noting: Cuba is the most extreme case but not an isolated one. The US blockade is the proximate cause for Cuba specifically, but the global backdrop is that ~14 mb/d of oil supply has been shut in since the Strait of Hormuz closed on February 28 (Day 78 today) — the largest cumulative supply disruption in the IEA’s recorded history, exceeding the 1973-74 Arab oil embargo on a cumulative-barrels basis.
Under that backdrop, importing-economy after importing-economy is hitting the same wall: Cuba’s grid in critical state, Bolivia under military deployment as of yesterday morning (3,500 troops + riot-control robots in Plaza Murillo to clear roadblocks), Bangladesh confirmed only 21% of its April fuel-import plan, Pakistan just made its largest single fortnightly fuel-price revision on record. Each has its own local political dimension but they share a structural one: dollar-strapped importing countries can’t absorb refined-product prices that have spiked 80-100% since February.
The Cuba blockade can be debated as a policy choice. What’s harder to debate is that the blockade lands at the moment global supply was already historically tight, leaving zero margin for the affected population.
What’s being done to the country is unconscionable. Is there even a coherent justification under international law for the American blockade?
As someone said before, they voted for this
after being humiliated in China, the US will be looking to take out their frustration on a smaller, more helpless country they can bully with impunity
Energy wise, the US is playing right into China’s hands with this unless they regime change fast.
Solar uptake in Cuba has exploded, major official vehicles have been replaced by BYD’s, the solar modular grid is growing, public transport is electrifying / hybridising at a breakneck pace, and there’s now an operational SKD (i.e. most modules / assemblies pre-assembled in China) assembly plant for E-cargo-bikes / motorcycles operational with additional capacity to be able to produce cars as well. All this due to Chinese support really accelerating as of late.
Thanks Americans! Great job helping kill those impoverished Cubans.