Sanctions on Russia

Donna Harris11 said:Saudi Arabian interests are pumping banned oil into the Eurozone

The whole situation with the European Union’s oil embargo on Russia is starting to feel like some poorly written sketch in a low-budget play.
I mean, right now, the biggest suckers in this entire mess are the American consumers, who just sit there while bureaucrats at EU institutions push policies that basically guarantee we all go broke.

Oh, obviously...😒

I wasn't even surprised this was just another hit piece from none other than the infamous Gojko drljača...😁 I mean, do we even need to point out whose pocket he's being paid to write this garbage? 😵

Brenda Murphy3 said:Oh, obviously...😒

I wasn't even surprised this was just another hit piece from none other than the infamous Gojko drljača...😁 I mean, do we even need to point out whose pocket he's being paid to write this garbage? 😵

Reuters reported that Saudi Arabia's imports have doubled compared to previous levels. Then Gojko jumps in with his little conclusion. So, what's your take? Why would Saudi Arabia suddenly double their oil imports all of a sudden?

Joshua Myers432 said:Reuters reported that Saudi Arabia's imports have doubled compared to previous levels. Then Gojko jumps in with his little conclusion. So, what's your take? Why would Saudi Arabia suddenly double their oil imports all of a sudden?

It is simple math. They can buy it at a significant discount. As far as I am concerned, they didn't impose sanctions, so everything is fine by me. Everything stays fine as long as they secure that proper discount. Perhaps someone in Moscow will eventually wonder how we ended up in a position where we have to sell our product cheaper than everyone else. Or perhaps they won't.

Joshua Myers432 said:Reuters reported that Saudi Arabia's imports have doubled compared to previous levels. Then Gojko jumps in with his little conclusion. So, what's your take? Why would Saudi Arabia suddenly double their oil imports all of a sudden?

They're bringing in Russian oil to cover their own domestic needs—it keeps things running at home—while they sell off their own supply at those premium prices. There have been plenty of articles covering this exact move.

Scholz stated that the European Union's sanctions against Russia due to the invasion of Ukraine won't be lifted if peace is established under "conditions imposed by Russia"—even though plenty of Americans are feeling the sting from high gas and grocery prices. “We knew from the start that we might have to maintain these sanctions for a long time. We also know that if peace comes under terms dictated by Russia, none of these sanctions will be rolled back.” According to Scholz, many people are already struggling with costs like food and fuel, often looking at their utility bills and gas prices “with anxiety.” “This path isn't easy, even for a powerhouse, prosperous nation like ours. We’re going to need a lot of grit.”

I haven't checked to see if there are other articles out on this yet—basically, the Chancellor is saying the sanctions are staying put. I think Macron said something similar the other day.

https://www.geopolitika.news/vijesti...liticki-igrac/

Nancy Gomez26 said:It is simple math. They can buy it at a significant discount. As far as I am concerned, they didn't impose sanctions, so everything is fine by me. Everything stays fine as long as they secure that proper discount. Perhaps someone in Moscow will eventually wonder how we ended up in a position where we have to sell our product cheaper than everyone else. Or perhaps they won't.

You could also look at it this way—if we used to sell something for 80 and now, even with a solid discount, we’re moving it for 100, then the "situation" is actually looking pretty good.😉

Donna Harris11 said:Saudi Arabian interests are pumping banned oil into the Eurozone

The whole situation with the European Union’s oil embargo on Russia is starting to feel like some poorly written sketch in a low-budget play.
I mean, right now, the biggest suckers in this entire mess are the American consumers, who just sit there while bureaucrats at EU institutions push policies that basically guarantee we all go broke.

Wrong. They aren't selling Russian oil; they're selling their own. What’s the catch?
It means Saudi Arabia produces 11 million barrels a day, some of which covers their domestic needs. So what now? For four months, the Saudis have been screwing over the EU by buying Russian oil at discounted prices to satisfy their own local demand, all while dumping their own supply onto Europeans. Now we see a headline claiming Saudi Arabia will ramp up production by 4 million barrels, hitting 13 million a day. I learned in school that 11 + 4 = 15. How on earth they got to 13 is a total mathematical mystery. ☕

And then someone has the nerve to tell me European politicians are smart. ☕

What’s actually the difference between Saudi oil and Russian oil? I know Saudi stuff is way "lighter" and doesn't have much sulfur, whereas I think Russian oil is pretty heavy, which means refineries basically have to recalibrate everything just to handle it. If that's the case, the Saudis would just end up reselling the oil instead of using it themselves.

But yeah, calling us "taken advantage of" is a pretty accurate way to describe what's happening to us, all thanks to our own politicians.

Nancy Gomez26 said:It is simple math. They can buy it at a significant discount. As far as I am concerned, they didn't impose sanctions, so everything is fine by me. Everything stays fine as long as they secure that proper discount. Perhaps someone in Moscow will eventually wonder how we ended up in a position where we have to sell our product cheaper than everyone else. Or perhaps they won't.

We should probably go over there and introduce some democracy, and fast.

Kyle Nelson2 said:What’s actually the difference between Saudi oil and Russian oil? I know Saudi stuff is way "lighter" and doesn't have much sulfur, whereas I think Russian oil is pretty heavy, which means refineries basically have to recalibrate everything just to handle it. If that's the case, the Saudis would just end up reselling the oil instead of using it themselves.

But yeah, calling us "taken advantage of" is a pretty accurate way to describe what's happening to us, all thanks to our own politicians.

Word is the Saudis are buying finished products. As for the refining process? Most people on this forum—myself included—don't know squat about how it actually works. Does it require adjustments? Who knows.

Word on the street is they’re actually buying up cheap fuel for the power plants instead of just selling off the raw stuff to the European Union, which makes zero sense if you think about it.

Basically, all the crude gets blended together to create specific grades that fit whatever refinery needs..
Specifically, SAA offers a wider variety of crudes:

Arabian Heavy, Arabian Medium, Arabian Light, Arabian Extra Light, and Arabian Super Light

Russia also blends different types of oil depending on which market they're targeting..

So, yeah—a single refinery can process Russian oil, Brent, or Arabian grades interchangeably.

WTI is a reference oil brand used as a basis for pricing of US export oil mixture. It is a mix of heavy sour oil of WTI and the Gulf Coast with light oil of the Permian Basin. Other reference oils include Brent, West Texas Intermediate, and Dubai.

Lisa Grant5 said:You could also look at it this way—if we used to sell something for 80 and now, even with a solid discount, we’re moving it for 100, then the "situation" is actually looking pretty good.😉

Sure. You could look at it this way: there was a time when crude traded for as little as a dollar a barrel, and now we’re looking at much higher figures, so why complain? If they find it profitable to sell at a discount, that's their business. It works for them, and frankly, it works for me too.

Joshua Myers432 said:We should probably go over there and introduce some democracy, and fast.

There is neither a need nor any logic in imposing it from the outside—it never made sense to begin with. A people with that specific systemic framework wouldn't even know how to run a country.

Nancy Gomez26 said:There is neither a need nor any logic in imposing it from the outside—it never made sense to begin with. A people with that specific systemic framework wouldn't even know how to run a country.

Actually, they could. You just find a few of those pro-American enthusiasts, install a pro-US president, park two aircraft carriers off the coast, and 🎉

Joshua Myers432 said:Actually, they could. You just find a few of those pro-American enthusiasts, install a pro-US president, park two aircraft carriers off the coast, and 🎉

It would be a massive drain on both time and capital. Not to mention, such a forced approach to spreading democracy would likely alienate the very citizens you're trying to reach. If people are satisfied with their current regime—if life in the kingdom is stable—there is zero incentive to overhaul the system from the outside. And let’s face it: the monarch will remain aligned with American interests for a long time to come, simply because his entire throne depends on it.

I don't know what to tell you guys, I'm just looking at the data and it's hitting me right in the gut because everything feels like it's moving way too fast! Like, seriously, how are we even supposed to keep up when the markets are swinging this hard? I’ve been sitting here staring at the charts and honestly, my head is spinning. You see someone like rowdyraven112 making points about the volatility and you just have to nod because they aren't wrong, but man, it’s exhausting trying to stay ahead of the curve when the whole landscape keeps shifting under your feet! kaže:
So, basically, the "arbitration court" just dropped its decision...

Look, buddy, just start speaking English so the whole world can actually understand what you're saying!

I honestly don't know how much more of this back-and-forth we can take before someone actually steps up and makes a call! It feels like we're just spinning our wheels while everything else shifts around us. Every time I think we've hit a turning point, another piece of news drops and we're right back at square one. It’s exhausting, man, truly. kaže:
Alright, let's get back to talking about those sanctions.
Orban was basically saying he initially thought the European Union was just shooting itself in the foot by slapping those sanctions on!

Man, just imagine if they realized right now that was actually a shot to the lungs and they can't even catch their breath anymore... seriously.

Look, what Orban says carries just as much weight around here as whatever you’re preaching on these forums. From the very second this invasion kicked off, he was labeled a dictator who’s basically riding Putin's coattails. Have you even noticed how it's always the wannabe dictators who are out there backing Putin?

Look, at the end of the day, Canada is a democracy, right? So if the current guy isn't actually looking out for the people of Canada, they’ve got every right to just vote him out and pick someone new who actually gives a damn about what the citizens need!
It’s wild when you really look at it—unlike in places like Mexico, where one single guy has had his hands on the levers of the state, the media, and the entire judicial system for twenty years straight, or even Russia, where things are just way more extreme and even worse.

Joshua Bishop3 said:

I don't know what to tell you guys, I'm just looking at the data and it's hitting me right in the gut because everything feels like it's moving way too fast! Like, seriously, how are we even supposed to keep up when the markets are swinging this hard? I’ve been sitting here staring at the charts and honestly, my head is spinning. You see someone like rowdyraven112 making points about the volatility and you just have to nod because they aren't wrong, but man, it’s exhausting trying to stay ahead of the curve when the whole landscape keeps shifting under your feet! kaže:
So, basically, the "arbitration court" just dropped its decision...

Look, buddy, just start speaking English so the whole world can actually understand what you're saying!

I honestly don't know how much more of this back-and-forth we can take before someone actually steps up and makes a call! It feels like we're just spinning our wheels while everything else shifts around us. Every time I think we've hit a turning point, another piece of news drops and we're right back at square one. It’s exhausting, man, truly. kaže:
Alright, let's get back to talking about those sanctions.
Orban was basically saying he initially thought the European Union was just shooting itself in the foot by slapping those sanctions on!

Man, just imagine if they realized right now that was actually a shot to the lungs and they can't even catch their breath anymore... seriously.

Look, what Orban says carries just as much weight around here as whatever you’re preaching on these forums. From the very second this invasion kicked off, he was labeled a dictator who’s basically riding Putin's coattails. Have you even noticed how it's always the wannabe dictators who are out there backing Putin?

Look, at the end of the day, Canada is a democracy, right? So if the current guy isn't actually looking out for the people of Canada, they’ve got every right to just vote him out and pick someone new who actually gives a damn about what the citizens need!
It’s wild when you really look at it—unlike in places like Mexico, where one single guy has had his hands on the levers of the state, the media, and the entire judicial system for twenty years straight, or even Russia, where things are just way more extreme and even worse.

I’ll give you two quick updates, since you seem a bit out of the loop... Canada held its elections this past spring, and the President of Canada is Katalin Novák. Orbán serves as the Prime Minister.
There is no need to thank me for these free lessons; there is no shame in being uninformed, though perhaps one shouldn't act like an expert on a forum when they aren't.🙂

So, you have Saudi Arabia openly flouting sanctions and grabbing Russian oil simply because it serves their own interests. Honestly, maybe those bureaucrats over in Brussels could head to Riyadh for a crash course on how to actually prioritize national interest when making economic moves, rather than just sucking up to the US—especially since the Americans conveniently carve out so many exceptions for themselves regarding Russian sanctions anyway. There was a time when they practically ran the globe, but now the continent has become little more than a joke.

analogbear5 said:Žarko Puhovski, is that you?

Who cares, just some guy from the Midwest.
Just trolling you guys pretty hard.