Hannah Williams8 said:Is anyone else heading to the Met this weekend? It should be a blast! Hannah Williams8 says:
Without any way to export or maintain current wells, oil production in Russia is headed for an irreversible decline.
I can't believe how much things have shifted. Is anyone else feeling this? It’s wild to watch everything change right before our eyes.
So we get 10% less product, but prices jump by 15%? Makes sense, right?
Honestly, the economic analysts are what get under my skin most during this war—and I’ve been saying this since day five. First, it was all about how Russia couldn't fund the conflict for more than ten days, then they were supposedly broke, and it just keeps going like that. These people just tear everything apart without actually understanding the reality on the ground. It never ends. At the end of the day, military force drives these events, while the economy plays such a minor role. Don't you think?
What we're looking at here is a drop in production. That's not the same thing as a drop in exports, which is probably even steeper. A dip in production is a massive tell—it means they've filled up their storage tanks and are now starting to slowly shut down the wells. And they filled those tanks because they can't sell the oil even with a discount; at this point, a price hike doesn't mean a damn thing to them.
But look, the economy plays a massive role in wartime scenarios. This isn't just some brief skirmish in Ukraine; this is a much deeper clash between Russia and the West that's going to drag on for years, likely until the current top brass in Russia falls. Ukraine might just end up being one of many proxy wars, and honestly, this whole thing could easily stretch on for years. Just like how the USSR wasn't defeated purely on a battlefield, but was instead brought down by its own economic collapse, that's exactly how today's Russia is going to go down.
But fine, since you guys are all so annoyed by the economic analysts... does anyone actually have a suggestion for how to "militarily crush" a nuclear superpower while simultaneously making sure there's still a planet left to live on? Or do you seriously believe that losing an offensive in Donbas is going to flip the mindset of the Russian public, cause Putin to commit suicide, lead to the withdrawal of recognition for those republics, or see Crimea returned, and so on?