Posted on 09/22/2023 4:17:15 PM PDT by USA-FRANCE
RUSSIAN Revenue from Natural Gas has EVAPORATED due to the Economic Sanctions. Russia is struggling to be able to replace the lost revenue as they do not have the Infrastructure to convert Natural Gas to LNG and it will take DECADES to negotiate and build new pipelines. In this video I look at the current situation for Russia & Europe and ask whether there is a risk that Europe could face Shortages in Winter 2023/4.
(Excerpt) Read more at youtube.com ...
“””Putin has every right to consider the US a military target.”””
When did you invent that rule?
Oh that's right. You Ukraine cheerleaders don't talk about that at all.
You Ukraine cheerleaders don't talk about their money laundering operations. You Ukraine cheerleaders don't talk about their sex trafficking operation. You Ukraine cheerleaders don't talk about their organ harvesting operations. All you Ukraine cheerleaders talk about is Russia invaded Ukraine like a broken record being repeated endlessly as the mindless zombies that you are.
Meanwhile all of the western cavillation nations that were once freedom loving nations are all turning repressive, despotic, and tyrannical.
It's far more than just Biden’s corruption ye of extremally limited knowledge & awareness.
There is a far more massive invasion happening in out country that is having extreme & massive negative impacts upon this nation. Fentanyl is killing 100K people a year in this country. The corruption is pervasive throughout all of our governments, from top to bottom, as well as, our learning institutions from top to bottom, our industries from top to bottom, but all you can really worry about is Ukraine.
BTW, others on this board may talk about other things, but I can't remember you speaking much about them. When we fall, the world falls.
Your obsession with Ukraine is akin to a person worrying about a pimple on their face, while their entire body is being ravaged by cancer. Ukraine created the mess that are currently in with their hate in eastern Ukraine of their Russian speaking citizens.
In other words you and the other Ukrainian cheerleaders are nothing but useful idiots who are doing exactly what they want the useful idiots to do. Direct your attention over there, so that you ignore what is happening here.
Today’s oil price is $90 a bbl. The Saudis have reduced production by 1 million bbls a day and the Russians 300,000 bbls a day. They are the world’s two largest oil exporters.
They are reducing production to boost oil prices. Say you produced 100 bbls at $70 a bbl. The revenue would be $7,000. After limiting supply, the same 100 bbls at $90 would yield $9,000.
funny stuff, freedom fries
MOSCOW (Reuters) - Russia’s oil and gas revenues, which account for around a third of total federal budget proceeds, are set to rise to around 733 billion roubles ($7.6 billion) in September, up 14% from the previous month, Reuters calculations showed on Tuesday.
The corresponding figure in September 2022 was 688 billion roubles.
The rise reflects a 24% month-on-month increase to 1.1 trillion roubles in proceeds from a mineral extraction tax, according to the calculations, based on data from industry sources and official statistics on oil and gas production, refining and supplies on domestic and international markets.
Net revenues are smaller than gross tax receipts because of reverse payments including a “damping mechanism” that subsidises companies to keep supplying the domestic market when fuel export prices are high.
The budget is expected to return some 278 billion roubles to refineries under the damping mechanism in September, according to Reuters calculations.
Proceeds from oil and gas sales are crucial for Russia’s commodity-oriented economy and for the financing of what it calls its “special military operation” in Ukraine.
The finance ministry is due to publish its data on budget revenues from oil and gas in early October.
The ministry projects these revenues this year to decline by 23% to 8.94 trillion roubles, while the budget deficit is seen at almost 3 trillion roubles, or 2% of gross domestic product.
Well said.
Profiles of Select Countries by National Debt
Japan
Japan has the highest percentage of national debt in the world at 259.43% of its annual GDP. The Japanese economy experienced stagnation during the 1990s, which led to the government launching several initiatives, such as selling bonds and bailing out banks and insurance companies with low-interest credit, to help reboot the struggling economy in the 2000s. Banking institutions had to be audited, consolidated, or even nationalized.
While these actions arguably salvaged Japan’s economy, they also added greatly to the country’s national debt. Since that time, additional concerns such as the Great Recession of 2008, the 2011 Fukushima nuclear disaster, and the COVID-19 pandemic have complicated efforts to combat the country’s debt.
United States
The United States boasts both the world’s biggest national debt in terms of dollar amount and its largest economy, which resolves to a debt-to GDP ratio of approximately 128.13%. The United States’ government’s spending exceeds its income most years, and the US has not had a budget surplus since 2001. Perhaps surprisingly, the countries to which the US is most in debt are Japan, which itself has significant debt, and China, which is often viewed as the United States’ greatest economic competitor.
China
China’s national debt is currently over 10 trillion USD—however, because of China’s massive economy, the country’s debt is only 68.06% of its GDP. China’s current debt level is a significant increase from 2014, when the national debt was 41.54% of the country’s GDP. An International Monetary Fund report from 2015 stated that China’s debt was relatively low, and many economists have dismissed worries over the size of the debt both in its overall size and relative to China’s GDP. China currently has the world’s second-largest economy and the largest population, with approximately 1,425,821,667 people.
Russia
Russia’s debt ratio was one of the lowest in the world at 16.99% of its GDP in 2021—though the country’s war with Ukraine, which began in early 2022, will likely have some effect on this ratio. Russia is usually one of the ten least-indebted countries in the world. Russia’s debt is currently at a total of just over 302 billion USD. Most of Russia’s external debt is private.
Yes they are, but their production capacity is no where near what their gasoline production and revenue was
As to Russian crude oil production and sales, that was always the plan. Get the oil out there just cut profit margin to Russia which is happening. Additionally crude profits va refined oil product sales profits are no where near the same and Russia is selling very little refined stuff. China and India have their own refineries they don’t want it or need it
But sure Russia is doing great, nothing to see here keep moving
And?
First, it isn’t just all of the 30 NATO nations aiding Ukraine, in total about 54 countries are.
Here are two examples of Russia aiding countries, one was a United Nations war and one was Vietnam, in both cases Russia was also supplying troops.
Korean United Nations war.
“Despites its denials at the time, the Soviet Union was intimately involved in the Korean War. The contribution made by the Soviets was vital. They provided diplomatic support, strategic and grand tactical planning, including the planning of the invasion of South Korea, and essential logistical support. They supplied and trained the air forces of China and North Korea. Soviet pilots flew aircraft with Chinese or North Korean markings and after the war claimed to have shot down over 400 UN aircraft.”
Thousands of Russian served in Vietnam
“Starting in 1964, North Vietnamese fighter pilots and anti-aircraft gunners were being trained in the Soviet Union, with Soviet advisors also being stationed in North Vietnam. Early on, when the North Vietnamese troops were still unfamiliar with the new Soviet anti-aircraft batteries, Soviet crews manned the guns themselves and these crews did, in fact, shoot down US planes. One such Soviet battery reportedly downed six US planes.”
“Soviet involvement was not confined to anti-aircraft crews. There were also widespread reports (though these were never confirmed) that Soviet snipers had embedded with NVA units and infiltrated South Vietnam to test their new SVD Dragunov sniper rifles. Witnesses described these snipers as white men with blue eyes.
Beyond South Vietnam proper, but still within the unofficial theater of the war, Soviet GRU Spetsnaz special forces took part in at least one, and likely more, ground combat operation. In 1968, a team of ten Spetsnaz attacked a covert US base on the Cambodian-Vietnamese border, destroying three of the then-new US Cobra attack helicopters and actually stealing another. This operation was confirmed only after the fall of the Soviet Union, and if there was one Soviet special forces mission, there were almost certainly more.”
“From 1968 on, the Soviet Union provided the vast majority of the military and economic aid that North Vietnam received. They supplied their communist allies with food, petroleum, transport vehicles, iron, steel, fertilizer, arms, and ammunition. Most critically, the Soviets supplied all of this as aid rather than loans (as the Chinese had done early in the war). This eased the economic strain on North Vietnam and further advanced their war effort.”
Europe: eat more beans!
Beans, beans the magical fruit, the more you eat, the more you toot. The more you toot, the better you feel, so eat your beans with every meal!
Or as they say in Mexico, gassy-ass, senor”.
$6.00/gallon in N. California for generic gas.
First of all, oil and gas value is measured in joules, not currency.
Second of all, go to the wiki and examine the capacity of Chinese refineries. https://en.wikipedia.org/wiki/List_of_oil_refineries
Do the same for India, though you will find India’s throughput in tons, not barrels. Generally 7 barrels/ton.
Now go get the spreadsheet for Chinese oil and India’s oil domestic consumption. About 14 million bpd and 5 mbpd, respectively.
If that number exceeds refinery capacity they are importing product as well as crude. You will find a surplus capacity in India but not China.
The crude India buys from Russia to refine and product ship to Europe is still barrels from Russia.
I don’t quite understand the obsession with dollars that Russia does not use. They use barrels and if you want to make the case for Rubles, they (unlike the Soviet Union) have a Fed-like central bank no longer constrained in its money creation to the 5 year plan of the Economics Ministry. They can create all the rubles they want. And run their society on them — with some marginal correlation to joules of output.
The world is not what it was. They have more gas than anywhere else on Earth. There is nothing anyone can do about that. 37 trillion cubic meters. And they consume less than 1 Trillion/yr. The US has 12 and consumes over 1. Yes, that’s 12 years. Will more be found? Yes, more in Russia than the US.
They were the wrong enemy to make. A day will come when we beg for their oil or gas. Why should they say yes?
Yep.
So maybe Biden employs them.
Great post, btw.
They were the wrong enemy to make. A day will come when we beg for their oil or gas. Why should they say yes?
UKronazis cheerleaders don’t like it but in fact much of the world is joining hand to take us down economically.
And a large percentage of them produce oil.
These morons in our wh think we don’t need hydrocarbons.
Or. Could be they really are destroying us.
That certainly wouldn’t surprise me in the least. Thanks for the kind words.
None of what you posted is true. Not even close.
Amazing that such a skilled liar as you can sleep at night.
https://sputnikglobe.com/20230917/us-imports-of-russian-fertilizer-hit-record-944mln-1113427317.html
US Imports of Russian Fertilizer Hit Record $944Mln
06:40 GMT 17.09.2023
The previous record of Russian fertilizers imported by the US was reached last year, with the total value of purchases over seven months totaling $900Mln.
The United States achieved a new record by buying $944Mln of Russian fertilizers between January and July, according to data from the US statistical service.
Purchases in July fell three times as much as in June and nearly 40% year-on-year to $54.4Mln - the lowest level since August 2021.
Russia was the US’ second-largest supplier of fertilizer this year, the largest supplier being Canada, which exported $2.8Bln of fertilizers in seven months. Saudi Arabia, Israel, and Qatar make up the other top five countries from which the US imports fertilizer.
Facts may not be funny, but they are interesting.
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