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I saw an interview with an energy economist who made a lot of sense. He said the price cap at 60$ a barrel/unit was killing Russia because they are not profitable at that price if they cannot ship via pipeline. Selling to India/China requires them to transport the product by rail and its not efficient due to the long distance.

Cost to lift Russian oil is about $45/barrel. Now add another $12 to transport it further away to India and China. So Putin's Russia is not making much money off their oil. Europe was a great buyer because they paid full price, and they are right next door to Russia, so transport / shipping expenses were nil. Everyone was making money and was happy. German industry was very happy with cheap Russian gas.

But the psycho- Czar Vlad was a bored POS, so he started a war against Ukraine.