Posted on 02/03/2023 9:40:12 PM PST by Cronos
Like that drop in the bucket & has to add additional discount to make up for rail & truck transport* costs (petrol, not gas) deal with Pakistan?
*Routed a long way through Afghanistan - oh, goodie, what could go wrong with that?
Russia has 3 problems here:
The extent to which Russia's government and primary supporters are dependent on energy sector profits.
Lack of alternative transport. This type of infrastructure, to be cost effective, (ships, already at max capacity, and pipelines) takes several years to build.
The new sanctions cover most of the transport that exists, and not only that, they benefit Russia's clients. That last is key. Is China trying to buck the transport sanctions? Of course not!
DING! DING! DING! Go pick up your Kewpie Doll!!!
This would back that up:
HOWEVER, note that Germany’s Finance Minister wants their fracking ban axed. That’s not as big a deal as it might sound, as Germany’s gas reserves are not all that large. But, that gas plus the fairly good job France is doing in cranking up offline nuclear plants, could definitely help the Germans.
Now, will the Germans make a rational decision on fracking? Uh....
Yes. I remember those.
What was disgusting was that some people were actually cheering that on
And on the oil side:
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