Posted on 12/03/2022 10:41:52 AM PST by Mariner
maybe the self inflicted pain, will wake them the hell up and they will start drilling and building power plants again instead of lecturing everyone on the BS made up man made global warming crap!
All a bunch of bluster -on all sides. Russia will sell it wherever they can preferably at a higher price than the cost of production and shipping. As they should.
Legal, illegal, black market, Turkish market, wherever. It doesn’t matter. It just determines which middlemen profit.
The $60 mumbo jumbo is just EU’s plan to take the black market’s spread for themselves. An insult to Russia and free market economics. EU’s plan deserves ridicule for its insult to market economics.
Governments come and go but the Invisible Hand always wins.
sure it will if everyone besides Russia sticks to it.
Russia will get desperate for cash and take whatever they can get.
Never. They’re “far from the shallows now...”
“They’ll just sell to Asia, and India or whoever will sell the global commodity they don’t use.”
They are already doing that now, and China and India are reselling it to the West at several times the price.
Just as likely.
It’s all grandstanding BS and they know it.
Europeans will need to start chopping more wood. D’oh.
Or protesting their leaders in an aggressive manner.
I doubt a “peasant” in rural France gives a damn about the Donbas.
Exactly, but it will just need to be a greater amount.
China and India are paying around $40/bbl. I think that’s the Russians giving the middle finger to the west. I believe the Ruskies are building a pipeline that will go through Iran and terminate in the Indian Ocean. Germany and Europe are toast if that’s the case.
Yes, the insurance issue is a problem for them, but they may try to self insure.
Great 14 minute vid on this issue with What’s going on with Shipping: https://www.youtube.com/watch?v=p_u90eYyW04
It won’t be as easy as it has been up till now. Oil can mostly be transported to Asia only by ships. European-owned ships will be banned from transporting Russian oil the price of which exceeds the cap and European insurance companies will be banned from insuring such transports. Almost all insurance companies that offer ship insurance are European.
Next time I go to fill up at the gas station, I’m going right to the manager and tell him I won’t pay more than $2 a gallon.
I’ll demand it, or I won’t fill up!
That’ll teach them not to gouge me anymore!
These so called world leaders will destroy the oil industry one way or another
No, they'll sell it to Turkey and India who in turn will broker it to Europe, keeping a commission. Simple stuff, eh?
The gas that we’re buying from the Russians What are we paying ???
These idiots forget that the Chinese Communist Party will be happy to take ALL the oil at any price
In other words, Russia is forced to sell its oil for much less money, which is good because most of Russia’s revenue comes from oil and natural gas.
Building a pipeline through Central Asia would take many years and cost a lot of money, which Russia doesn’t have. It would also be difficult if not impossible for Russia to get the needed technology, which is Western-owned.
Despite economists, oil experts, energy experts, etc., etc. telling them not to do it but they go ahead and do it.
Last laugh? Russia.
They will sell it to India, China, etc., etc., etc. who will then turn around and sell that oil/gas bought from Russia to them for profit.
Cha-ching!
Dumbass EU, as par.
Long live the continued deindustrialization of Europe.
At this point I view it as a game of economic chicken between Russia and the West to see who will back down first. Sure they can make it tougher for the Russians to export it, but in the meantime inflation is getting out of control and Europe itself is on the verge of economic collapse. Putin may be counting on a populist uprising in Europe that will end their support for the Ukraine proxy war with Russia. Personally I think this is all just a prelude to WW3 unless more sensible heads prevail.
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