Sanctions on Russia
in War in Ukraine ·
Bryan Booth82 As if I haven't heard this all before...
When the West starts slapping restrictions on oil sales and all those petroleum-based products, it’s pretty clear that Russia's revenue is going to take a significant hit too...
If global oil prices take a dive, everyone loses—from our friends in the Middle East right down to those massive Norwegian sovereign wealth funds... And honestly, I find it hard to believe that anyone would be willing to foot a much higher bill just to pay double what we’re paying to the Russians, simply out of some sense of moral high ground or altruism...
Bryan Booth82 said:Russia doesn't have a diversified economy; for the most part, it's almost entirely built on cranking out energy resources.
I don't think I even need to spell this out: cutting off gas sales to the West—at the massive volumes they were pumping before the aggression started—cannot simply be replaced by selling it somewhere else. It's not a one-for-one swap.
Furthermore, when the West limits the sale of oil and petroleum products, Russia's profit margins take a direct hit.
As for the other sanctions, they mostly have a symbolic, albeit necessary, impact on the economy and society... especially since, more often than not, they end up hitting Russia harder than they hit the West.
The true "breaking point" will be found on the front lines in Ukraine, and the sanctions—alongside the delivery of weapons—are exactly what will help push things toward that moment.
lp
That’s really all there is to say...
I can't help but worry that this whole situation might drag on much longer than any of us are prepared for. Right now, it feels like we’re just stuck in this endless cycle of trying to outlast one another, seeing who can hold their ground the longest... but at the end of the day, it always seems to settle in the exact same way. Whether you're sitting at the negotiating table or just waiting out the clock in a train car, the result remains unchanged...
Nancy Gomez26 said:You meant this: fracking?
Yeah... 🙈
Well, there it is... apparently, they're saying the break-even point is sitting right around $30 a barrel...
