Luis Garicano 🇪🇺🇺🇦 @lugaricano@respublicae.eu
Unofficial automated mirror. No copyright asserted. ∎ Economist. Back at LSE as a Professor at @LSEPublicPolicy Summer 2023. Non-resident Fellow @bruegel_org. Recovering MEP. Currently @ChicagoBooth.
Joined Apr 2022
Interestingly, Russia has no storage for the 8m barrels a day it is producing (7.6 in August).
And any well that is turned off might never go on again. So they must sell at any price.
In 2020, with Brent at $20, Russia continued supplying
3/4
https://www.energyintel.com/0000017f-6982-d580-a37f-f99bdebb0000
Forget the headline, Russia is getting enormous oil revenues in spite of all sanctions. It funds most of the war effort. $350bn in 2022, according to @kse. Compare to Russian budget of $450bn in 2023
2/4
https://www.bloomberg.com/news/articles/2022-09-29/russia-s-secret-spending-hides-over-110-billion-in-2023-budget
https://www.bloomberg.com/news/articles/2022-09-13/russia-energy-revenue-drops-to-14-month-low-on-sanctions-fallout
Los Verdes alemanes lo ven, ¡hasta Greta lo ve!: No tiene sentido cerrar las nucleares que ya están en marcha si vamos a tener que sustituirlas por combustibles fósiles
¿Qué hace falta para que que nuestro gobierno hiper-ideologizado lo vea?
RT @JavierBlas: German TV interview with climate activist @GretaThunberg
Are the nuclear power plants the better choice for the time being now?
"If we have them already running, I feel that…
RT @GuyVerhofstadt: Europe's ineffectiveness in this crisis keeps blowing my mind 🤯
US gives 2x support to 🇺🇦 than EU + Member States combined
Europe is slow to pledge and even slower to deliver
Compared with what we see coming from Moscow this is political amateurism & geopolitical madness
RT @lugaricano: Hoy me siento avergonzado de ser Europeo.
Mientras los ucranianos mueren bajo el Terror de Putin, subsidiado con 100,000 millones de compras europeas, Europa se esconde detrás de los EEUU a la hora de dar apoyo humanitario y militar a Ucrania. Nuevos datos de @kielinstitute
Hoy me siento avergonzado de ser Europeo.
Mientras los ucranianos mueren bajo el Terror de Putin, subsidiado con 100,000 millones de compras europeas, Europa se esconde detrás de los EEUU a la hora de dar apoyo humanitario y militar a Ucrania. Nuevos datos de @kielinstitute
Today, I feel ashamed of being European.
As Ukrainians die under the terror attacks of Putin, subsidized to the tune of over $100 bn. by EU fossile- fuel purchases, the EU continues to free ride on US help to Ukraine. New data http://ifw-kiel.de support tracker @Ch_Trebesch
RT @Ch_Trebesch: 📢7th Update of the Ukraine Tracker. Highlights: 1) In Aug and Sept, the US promised large new aid, Europe promised almost nothing new, see below. 2) On heavy weapons we have a new ranking. Some governments donated >30% of their howitzers, MRLs or tanks to UKR, most pledged none.
RT @Ch_Trebesch: But the outlook for German help is unclear. The draft budget of 2023 does NOT specify Ukraine aid. Apparently, financial aid to UKR was cut to zero in 23 (see pic). Funds for weapon support of allies (Ertüchtigungshilfe) were cut from €2bn in 22 to €697m https://dserver.bundestag.de/btd/20/031/2003100.pdf
Es muy fácil parar esta guerra: el agresor debe parar su agresión. Estos ataques a cientos de kilómetros de cualquier objetivo militar, sin otro propósito que el terror, son terrorismo.
RT @Andrew__Roth: Russian missile impact right by the walls of Taras Shevchenko university in Kyiv as students are going to class on a Monday morning.
If someone had told me before 2022 about the depth of the Russo-German "friendship" I would not have believed it. All hugely damaging to Germany's standing in the European Union.
RT @AFP: #BREAKING German cyber security chief to be sacked after alleged Russia ties
Un misil de crucero volando contra una ciudad indefensa. La imagen de la locura.
RT @COUPSURE: Insane footage of a Russian cruise missile in Kyiv today.
H/t @echomadman
Congratulations to Bernanke, Diamond and Dybvig. Well deserved Prize for path breaking work.
On top of that, at @UChicago @ChicagoBooth Doug Diamond was a wonderful colleague: generous with his time, insightful, kind. I am very thankful to him for that.
Fantástico el valor de las mujeres iraníes, caminando hoy por Teherán sin velo, con cláxones de apoyo. Fuente: @BBC
RT @ranarahimpour: I’m running out of words to describe my astonishment. Just over 3 weeks after #MahsaAmini’s death, women are defiantly walking on the streets of #Tehran, with no hijab…while cars are honking in their supports. Mahsa couldn’t have imagined how she changed life for many Iranians.
RT @GuyVerhofstadt: Putin's genocide continues. 17 killed in Zaporizhia last night.
The @europarl_en adopted a resolution on Thursday calling for increased assistance, including Leopard tanks.
Moreover we must send missile defence systems to protect civilians. #StandWithUkraine
RT @pol_antras: A memorable event and a moving and most deserved celebration of @GeneMGrossman's career. It was a privilege to be there.
RT @PhillipsPOBrien: That Melitopol line is very close to Ukrainian lines. Here is an adapted @War_Mapper map with the rail line highlighted with a dark line. The Ukrainians cut that line at any one point, and its game over for the Russian army in the south (if the Kerch bridge is out)
Fukuyama deserves this victory lap and many more these days.
RT @FukuyamaFrancis: This off-ramp won't stay open for long.
Europe is not led by Germany or France but by two iron ladies: Estonia's @kajakallas and Finland's @MarinSanna.
Here is Sanna Marin: "the way out of the conflict is for Russia to leave Ukraine"
RT @RikhardHusu: Finnish prime minister Sanna Marin was asked about a potential off-ramp for Russia to end the war in Ukraine. Her reply:
Someone please mail to @AdamPosen a copy of "Deaths of Despair and the Future of Capitalism" by Deaton and Case.
RT @matthewstoller: Another astonishing clip from the Cato Institute event today, this one from the influential Adam Posen, head of the Peterson Institute. He says a focus on domestic manufacturing is simply a “fetish for keeping white males with low education in the powerful positions they are in.”
Unofficial automated mirror. No copyright asserted. ∎ Economist. Back at LSE as a Professor at @LSEPublicPolicy Summer 2023. Non-resident Fellow @bruegel_org. Recovering MEP. Currently @ChicagoBooth.
Joined Apr 2022
