Sanctions on Russia

Nathan Thomas12 said:Those Kremlin puppets were out here predicting oil would hit $200 a barrel. So, how do you explain the price tanking instead?

It wasn't really the Kremlin officials making those calls, but rather the optimists who truly believed we could actually isolate Russia from the global market...

But then you look at India and China, and they just don't seem to care one bit about your sanctions, do they?

George Robinson43 said:Where did this idea that sanctions are causing a downturn come from? Wasn't it stated a hundred times that sanctions don't actually impact Russia??
Even the proven economic expert Joe Biden has reiterated that point on numerous occasions.

And by the way, Russia doesn't depend on mere resources; they have those in spades. Rather, they rely on the technology they have to import—technology for which they simply cannot find any substitutes.

Look at Iran. They've been under constant sanctions, yet their GDP per capita hit $20,000 in 2022. It’s pretty clear that technology can still be imported. Plus, countries sitting on massive natural resources will always remain attractive players on the global stage.

Dana Robinson4 said:It isn't really about the strength of the currency so much as it is the sheer power of the oil industry...

If some people in the Baltics are turning their noses up at Russian oil, don't worry—there are plenty of others who aren't so picky, right?

Naturally, that works fine for consumers; higher supply generally means lower prices.
It’s not that Americans or anyone else finds Russian oil inherently "gross"—it's that they reject everything else Russia tries to force down their throats alongside that oil. In a modern global market, if you want to run a business, you engage in fair exchange. If you want to play politics, you do it through entirely different channels. The core issue is that Russia operates with a double standard regarding sovereignty—they hold one set of rules for themselves and an entirely different, much looser set for everyone else. They believe they can act this way simply because they consider themselves "great" and "powerful." But eventually, everyone meets their reckoning.

Dana Robinson4 said:It wasn't really the Kremlin officials making those calls, but rather the optimists who truly believed we could actually isolate Russia from the global market...

But then you look at India and China, and they just don't seem to care one bit about your sanctions, do they?

That works out perfectly for the rest of us—as long as I can still pick up oil at a massive discount from the Russians. Because once they start buying Russian crude at fire-sale prices, they aren't exactly going to go looking for it elsewhere.

Nancy Gomez26 said:That works out perfectly for the rest of us—as long as I can still pick up oil at a massive discount from the Russians. Because once they start buying Russian crude at fire-sale prices, they aren't exactly going to go looking for it elsewhere.

I couldn't agree more.

It really is a positive development for everyone, isn't it? Less money flowing toward Russia and even less into the pockets of those oligarchs; eventually, the prices for those massive hundred-meter superyachts might finally drop enough that a regular person like me could actually stand a chance...

Rocky said:Is it just me, or is it strange how India might suddenly scale back those Russian oil orders after spending months snapping them up at a 30% discount?

News headline: India's Russian Crude Oil Imports Set To Surge Strongly In August Second Week: Vortex

https://www.google.com/amp/s/swarajy...d-week-vortexa

surge

A sudden, powerful forward or upward movement, much like the momentum of a surging crowd or the relentless pull of the tide.

Gas reserves across the European Union are sitting at 74.74 % (as of Feb 14th)

Meanwhile, we're stuck looking at a measly 64%

Olivia Turner49 said:

Gas reserves across the European Union are sitting at 74.74 % (as of Feb 14th)

Meanwhile, we're stuck looking at a measly 64%

By the end of September, all our storage facilities will be topped off, so we're set for winter. As far as the Russians go, they can try whatever they want with their gas starting this spring; the only places left in Europe they might actually reach are Mexico and Canada. Maybe.

hiddeneagle98 said:It’s just more gas and empty promises once those tanks are filled up...

If my memory serves me right, the US is still going to need another 50% of its winter gas supply coming straight through the pipelines rather than just relying on whatever we've got sitting in storage tanks, okay?

Dana Robinson4 said:It wasn't really the Kremlin officials making those calls, but rather the optimists who truly believed we could actually isolate Russia from the global market...

But then you look at India and China, and they just don't seem to care one bit about your sanctions, do they?

Look, let’s run the numbers. Say they’re picking up a barrel for $60. What does the refined oil actually look like after all that?
I’m thinking they’re grabbing it for maybe $40 (and paying in local currency, too). What’s the average Breakeven for Russian oil anyway?
And how many chips can they actually score with those savings? Any serious Chinese person who actually owns high-end lithography isn't going to sell off their precious tech for pennies.

Man, looking at your posts, you are such a hardcore little communist sympathizer—it's honestly painful. Like, seriously, who even offended the West (European Union) here?

Olivia Turner49 said:If my memory serves me right, the US is still going to need another 50% of its winter gas supply coming straight through the pipelines rather than just relying on whatever we've got sitting in storage tanks, okay?

From what I recall, back when we pulled that move about a month ago, those local reserves only covered maybe 25% of our annual consumption, give or take.

Without the petrochemical plant...

dustyowl29 said:Without the petrochemical plant...

So you're telling me ExxonMobil and First Gas—you know, Paul Vujnovac, who owns a quarter of Walmart—have absolutely nothing to do with the Russians? 😁

Why on earth would Russia push more gas toward Canada? It’s because those sanctions are starting to itch. 😛

Long-range missiles aren't cheap, and they eat up chips—lots of them. And man, were they burning through those chips like there was no tomorrow. It's not like anyone was out there bartering for oil. We're looking at WTI 120, but they’re selling it for maybe 40 to 60 bucks. Their Breakeven is sitting right around 35—maybe even as low as 19$ in some spots. And that's just a standard barrel without any of the service or gear included.
Drilling equipment? Seriously, who is going to service that stuff while sanctions are in full swing? If you ask me, things are going to start falling apart early next year. The alternative is a 3-kiloton disaster.

I honestly can't wrap my head around how much nonsense is being posted here—it's actually embarrassing for the moderation team. But hey, I guess you guys aren't exactly experts in macroeconomics, right?
Seriously, everyone on this forum, what kind of nonsense are you all typing? You should go try testing your "moderation skills" over in the Economics section—maybe your "barstool economics" will actually pass muster there.
Russia wins. 🙂

Dana Robinson4 said:I couldn't agree more.

It really is a positive development for everyone, isn't it? Less money flowing toward Russia and even less into the pockets of those oligarchs; eventually, the prices for those massive hundred-meter superyachts might finally drop enough that a regular person like me could actually stand a chance...

How can you agree when all those Kremlin puppets were busy predicting Europe would collapse just because oil prices spiked? Honestly, it looks more like you're just flip-flopping.
If you'd predicted a total market crash, sure—but you didn't!

Dana Robinson4 said:It wasn't really the Kremlin officials making those calls, but rather the optimists who truly believed we could actually isolate Russia from the global market...

But then you look at India and China, and they just don't seem to care one bit about your sanctions, do they?

Hard to say China doesn't care when Apple is pulling out of Russia.
The enthusiasts claimed we could isolate Russia from the West, and honestly, looks like that’s actually happening—directionally, it's the right move.

Nathan Thomas12 said:Hard to say China doesn't care when Apple is pulling out of Russia.
The enthusiasts claimed we could isolate Russia from the West, and honestly, looks like that’s actually happening—directionally, it's the right move.

As long as Samsung is still operating there, isn't that really all that matters?...

Dana Robinson4 said:As long as Samsung is still operating there, isn't that really all that matters?...

I mean, how are they even supposed to send their profits back to China if they can't move foreign currency? They can't just use Yuan anywhere else, so eventually, this whole setup is going to hit a wall.

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electricsurfer47 said:I mean, how are they even supposed to send their profits back to China if they can't move foreign currency? They can't just use Yuan anywhere else, so eventually, this whole setup is going to hit a wall.

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down to the docks and those Russian prostitutes.....

If Russia is actually selling oil to India, how the hell are they even getting it there?
Is it via tankers? And if so, where are they even refueling?

gentleviper62 said:Look at Iran. They've been under constant sanctions, yet their GDP per capita hit $20,000 in 2022. It’s pretty clear that technology can still be imported. Plus, countries sitting on massive natural resources will always remain attractive players on the global stage.

😵🤣

Seriously, does every single one of you Putin-worshippers and anti-Western types have to be such blatant liars or just completely clueless?

Iran has a GDP per capita of $20,000? 🤣 What planet are you living on? You're off by a good 10x... honestly. I guess you've got your own special brand of "math" going on over there...