And, if you think the masses are going to suffer in Europe or here because of this idiotic, failed sanction war given to us by the Biden regime and European leaders, you're mistaken. Those responsible will pay with their jobs and, in some cases, with their lives.
How sick of human do you have to be to support damaging our economy just to stick the Russians?
“The Russians are collecting a record amount of oil revenue.”
Correction: Were.
Prices peaked a couple months back, and have since declined about 25%.
So far, volume is only down slightly from its peak, but significant challenges are coming soon (December the 5th, a date which will live in infamy, for Russian oil exports).
Other producers, such as Saudi Arabia, have shown a willingness to take Russia’s former market share - that is normal practice in the industry. Last month, Russian oil shipments to India declined for the first time since the invasion, while Saudi sales surged there.
When the recession and high prices dampen demand and drive down prices, all producers will compete on price to maintain their revenues. Russia is historically a big loser in those situations, because it has the inherently highest lifting costs of any major producer - over $50/barrel on average, compared to under $20 for the Saudis.
Russian natural gas revenue however, is a different story. It is already cratering. Whatever Europe doesn’t buy, is burnt. Last year, natural gas was 25% of Russia’s GDP, and 85 % of exports went to the EU. I know that is math again, but the bottom line is bad news comrade (for the Russian economy and Government finances).
Putin has committed horrible sins on the innocent population of the Ukraine, and all of Russia will have to pay a painful price, being paid the wages of those sins for many years to come.
My advice is to not sacrifice your own soul, supporting the aggression slaughter and torture that Putin is perpetrating. It is an abomination.