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To: Mount Athos

“the amount of its oil pumped into the bloc has been increasing. It rose by 14% between January and April, from 750,000 to 857,000 barrels per day”

By “pumped”, they mean delivered by pipeline. That makes up only about 1/4 of normal Russian oil sales to the EU. And there were no sanctions on that, during this time - so some customers stocked up a bit, because it was no secret that sanctions were coming.

“The (newly enacted) embargo applies only to seaborne crude and petroleum products, for now covering just 75% of imports from Russia.”

That other 3/4s has declined already, more than pipeline shipments have increased, and the whole of that 3/4s is now slated to stop entirely in the next 7 months or so.

Total Russian oil sales to the EU run between 3-4 million barrels per day, about half of Russia’s total exports. Last week’s agreed upon reductions will put an end to the bulk of that, by Christmas.


24 posted on 06/08/2022 3:05:04 PM PDT by BeauBo
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To: BeauBo

What pie in the sky fantasy are you living?

You think in 7 months, in the middle of winter, the EU is going to shut off 100% russian energy imports? Complete nonsense. Even if they did, India and China are already doubling/tripling their russian oil imports and have no reason, at all, to stop - quite the opposite since they are getting a 20% discount! So the russian oil will still be sold, and will still be used to fuel industry, produce foods, and generate wealth and prosperity, just not in the West. We’ll freeze, starve, and get reintroduced to the buggy for transport.

But go ahead and enjoy your rolling blackouts and solar ovens.


32 posted on 06/09/2022 11:22:26 AM PDT by TonyinLA ( I don't have sufficient information to make an informed opinion said no lefty ever.)
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