[BeauBo]

“Oil prices fell from a high of $133.88 in June 2008 to a low of $39.09 in February 2009”

Even a $30 per barrel price drop from where we are now, would crush Russian profit margins. Oil revenue is the last teetering prop under their economy and Government finances.

[1Old Pro]

Even a $30 per barrel price drop from where we are now, would crush Russian profit margins. Oil revenue is the last teetering prop under their economy and Government finances.

So, would Biden punish Americans by purposefully causing a recession here in order to attempt to sink Russia?

[dennisw]

Even a $30 per barrel price drop from where we are now, would crush Russian profit margins. Oil revenue is the last teetering prop under their economy and Government finances.

All Russian oil and gas is extracted from very cold and permafrost regions, giving it a high lift price. What I read 10 years ago. Maintenance of the above ground infrastructure is a bear.

Why Vlad craves the lands of the Northern Black Sea, with oil-gaz just offshore, with its mild climate, with its proximity to European markets.