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To: fireman15

It has not yet recovered to its pre-covid production, which was over 11,000 bpd. The “opening the spigots” looks just like the US production recovery. That is, this is nothing special that indicates an increase in fundamental production capacity.


29 posted on 05/19/2022 10:19:34 AM PDT by buwaya (Strategic imperatives )
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To: buwaya
Because of the dog and pony show's effect on oil prices Russia's revenues from oil and gas are currently up by over 50% for the year, but much higher than that since the "invasion". Is there a limit to how long high oil prices can be sustained? If history is any indicator, yes. But we seem to be getting into uncharted territory. This is all likely working out much better for the Russians than they imagined that it would. They are now forcing their customers to pay in Rubles altering the way that oil is traded. In recent times oil has been traded almost exclusively in US dollars. It is going to do irreversible damage to our economic interests if the way oil is traded evolves away from US dollars.

https://www.bloomberg.com/news/articles/2022-05-12/russia-oil-revenue-up-50-this-year-despite-boycott-iea-says

No matter how entertaining the shiny object of the Ukrainian misadventure seems to the armchair generals here... the actual consequences of military actions pale in comparison to Western Europe and the US destroying their economies while using this to keep everyone distracted. The new Soros world order is being cemented in place while our military wannabe strategists play with themselves in front of their computer screens. Join up for another round of Call of Duty anyone?

33 posted on 05/19/2022 10:51:14 AM PDT by fireman15 (Irritating people are the grit from which we fashion our pearl. I provide the grit. You're Welcome.)
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To: buwaya

It should also be noted that current oil prices are up over 80% since the first of the year. The Biden administration has been doing everything it can to restrict fuel output in every form to consumers in every possible way what consumers pay is currently going up even faster. Biden’s handlers used every possible tactic to goad the Russians into the Ukrainian invasion. Those who have been paying attention could make a list. But my guess is that the projected increase in oil and gas prices was the impetus that finally convinced them to go for it.

Nothing happens by accident these days and the reasons given by all sides publicly typically have little to do with the actual motives. Biden is a senile old fool and that is the way his handlers like it. Cold hard calculations and projections guide their actions and goals are to turn this country into something that most people want nothing to do with. They need distractions like Ukraine to slip this crap by.


35 posted on 05/19/2022 11:20:45 AM PDT by fireman15 (Irritating people are the grit from which we fashion our pearl. I provide the grit. You're Welcome.)
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