Sanctions on Russia

They completely moved the goalposts, didn't they? One minute it’s all "they’ll be bankrupt by tomorrow"—after paying out their coupons with crisp Benjamin Franklins—and now we’ve pivoted to "they’ll definitely be hungry by 2025."

Some good news for us sovereignty enthusiasts: those gas oligarchies from Qatar, the UAE, Saudi Arabia, Ukraine, and the rest can go jump in a lake.

Gas has started flowing from a new ExxonMobil well on the Ika b platform in the Northern Adriatic, near the coast, according to HRT. Another well on the Marica platform is set to go live in early April, with a third planned in a few years once the new Irena 2. platform is built. This is actually great news, considering gas production in the Northern Adriatic has been on the decline for years.

Over in El Paso-Srijem County, the Canadian firm Vermilion has struck two gas fields—Cerić and Berak—so they'll be contributing fresh supplies next year too. On top of that, ExxonMobil has made the Severovac discovery following the latest round of exploration block allocations, according to Marijan Krpan, the head of the Hydrocarbon Agency.

Nathan Evans78 said:They completely moved the goalposts, didn't they? One minute it’s all "they’ll be bankrupt by tomorrow"—after paying out their coupons with crisp Benjamin Franklins—and now we’ve pivoted to "they’ll definitely be hungry by 2025."

Some good news for us sovereignty enthusiasts: those gas oligarchies from Qatar, the UAE, Saudi Arabia, Ukraine, and the rest can go jump in a lake.

Gas has started flowing from a new ExxonMobil well on the Ika b platform in the Northern Adriatic, near the coast, according to HRT. Another well on the Marica platform is set to go live in early April, with a third planned in a few years once the new Irena 2. platform is built. This is actually great news, considering gas production in the Northern Adriatic has been on the decline for years.

Over in El Paso-Srijem County, the Canadian firm Vermilion has struck two gas fields—Cerić and Berak—so they'll be contributing fresh supplies next year too. On top of that, ExxonMobil has made the Severovac discovery following the latest round of exploration block allocations, according to Marijan Krpan, the head of the Hydrocarbon Agency.

I mean, if you're one of those sovereignty types, you probably ought to realize that the owner of that gas is actually ExxonMobil, so it isn't exactly "ours," I guess.
😬

Honestly, this field could be conquered by any local crew with nothing more than some spoons and sheer willpower. It’s a far cry from something like Muhammadov’s field, or those massive fracking disasters you see happening out in the Texas plains—those aren't exactly easy targets. ☕

They’re already neck-deep in it, honestly. It isn't some distant threat waiting five years down the road.

Give them five years and they'll be completely bottomed out.

Prices in Russia have absolutely spiraled; we're looking at hikes of 30-50%, with certain goods jumping as much as 80%. You can see it all on YouTube—people walking through stores, filming old price tags next to the new ones. If these surges have already trickled down to the retail level, then you can bet they are hitting the higher tiers just as hard.

Just imagine waking up tomorrow, heading to the grocery store, and finding that everything has spiked by somewhere between 30% and 80%.

silverotter72 said:They’re already neck-deep in it, honestly. It isn't some distant threat waiting five years down the road.

Give them five years and they'll be completely bottomed out.

Prices in Russia have absolutely spiraled; we're looking at hikes of 30-50%, with certain goods jumping as much as 80%. You can see it all on YouTube—people walking through stores, filming old price tags next to the new ones. If these surges have already trickled down to the retail level, then you can bet they are hitting the higher tiers just as hard.

Just imagine waking up tomorrow, heading to the grocery store, and finding that everything has spiked by somewhere between 30% and 80%.

It’s not like foreign companies are actually paying workers in Russia to sit around—they’re just keeping them on the payroll to ensure they can jump back into the market later. And Russia isn't about to just let their aerospace workforce walk away, either. 😵 It’ll be done by next quarter at the latest—and honestly, the last thing anyone's going to be losing sleep over is cheap labor in Russia.

Jack Kelly5 said:I mean, if you're one of those sovereignty types, you probably ought to realize that the owner of that gas is actually ExxonMobil, so it isn't exactly "ours," I guess.
😬

It’s just like any other commodity—that gas is going to flow toward the owner's home base where fuel is cheaper for $1.75 before it ever makes its way here.

🍿

Zachary Jackson4 said:Now, today, he claims Ukraine can delay its defeat.

Maybe Crimea and those two other provinces will end up under Russian control. For now, at least. It’s all about securing peace and stopping the fighting, but that’s just a temporary fix for many years to come; once that devil Putin is finally gone and sent where he belongs, we'll start seeing a completely different narrative unfold.
Slowly but surely. 😉
Even back in 1993, we were missing a third of our territory, and look how things turned out.
Just take it slow.

George Robinson43 said:It’s just like any other commodity—that gas is going to flow toward the owner's home base where fuel is cheaper for $1.75 before it ever makes its way here.

Well, obviously.
Lately, I've been seeing some news outlets questioning why the US isn't just holding onto 500,000 tons of oil instead of shipping it off to Canada when there are actually legal ways to keep it.
Maybe it's because the refinery over in New Jersey is out of commission?
Or maybe it's just because we're being led by corrupt, incompetent politicians?
😬

Jack Kelly5 said:I mean, if you're one of those sovereignty types, you probably ought to realize that the owner of that gas is actually ExxonMobil, so it isn't exactly "ours," I guess.
😬

And now we're just going to buy it all back ourselves, because clearly we haven't done enough of that already...

https://www.theguardian.com/business...-global-demand

ExxonMobil is cranking up their oil production, while the European Union is tossing around the idea of a total ban on Russian oil. Honestly, Germany is playing the main spoiler here, much like how they were the holdout when everyone was pushing to expand the SWIFT ban.

https://www.reuters.com/business/ene...et-2022-03-21/

Meanwhile, Dmitry Peskov is out there whining that the EU is making a massive mistake and telling them they shouldn't be rushing into something like this.

Nathan Evans78 said:They completely moved the goalposts, didn't they? One minute it’s all "they’ll be bankrupt by tomorrow"—after paying out their coupons with crisp Benjamin Franklins—and now we’ve pivoted to "they’ll definitely be hungry by 2025."

Some good news for us sovereignty enthusiasts: those gas oligarchies from Qatar, the UAE, Saudi Arabia, Ukraine, and the rest can go jump in a lake.

Gas has started flowing from a new ExxonMobil well on the Ika b platform in the Northern Adriatic, near the coast, according to HRT. Another well on the Marica platform is set to go live in early April, with a third planned in a few years once the new Irena 2. platform is built. This is actually great news, considering gas production in the Northern Adriatic has been on the decline for years.

Over in El Paso-Srijem County, the Canadian firm Vermilion has struck two gas fields—Cerić and Berak—so they'll be contributing fresh supplies next year too. On top of that, ExxonMobil has made the Severovac discovery following the latest round of exploration block allocations, according to Marijan Krpan, the head of the Hydrocarbon Agency.

Well, it seems the milk and honey is flowing straight from Russia. Look at how electronics retailers have stopped offering installment plans. One has to wonder why? It is surely due to this abundance of milk and honey.

The transport companies are equally overjoyed.

Transport firms in Saratov have reached out to the regional governor, Valerij Radajevo, the head of Saratov, Mikhail Isayev, and the regional transport minister, Alexey Petayev, requesting assistance to combat the crushing weight of sanctions. According to a letter obtained by The Wall Street Journal, the cost of spare parts and essential consumables required for basic vehicle operation has recently surged "dramatically and without explanation."

These carriers are now demanding fare hikes, increased user fees, access to subsidized loans, the abolition of penalties for failing to meet safety requirements, and an exemption from fines regarding the lack of tachographs in buses—since the price of those units has skyrocketed by an average of 135%, jumping from 28,000 to 66,000 rubles. Furthermore, they are pleading for an extension of the moratorium on mandatory bus inspections until the end of the year.

https://www.kommersant.ru/doc/5269943

Milk and honey.

Jack Kelly5 said:Well, obviously.
Lately, I've been seeing some news outlets questioning why the US isn't just holding onto 500,000 tons of oil instead of shipping it off to Canada when there are actually legal ways to keep it.
Maybe it's because the refinery over in New Jersey is out of commission?
Or maybe it's just because we're being led by corrupt, incompetent politicians?
😬

Now you're sweating the small stuff too? Just wait until they figure out what that drone was actually carrying and how much trouble it caused. Priorities, people!😁

Anthony Hill5 said:Well, it seems the milk and honey is flowing straight from Russia. Look at how electronics retailers have stopped offering installment plans. One has to wonder why? It is surely due to this abundance of milk and honey.

The transport companies are equally overjoyed.

Transport firms in Saratov have reached out to the regional governor, Valerij Radajevo, the head of Saratov, Mikhail Isayev, and the regional transport minister, Alexey Petayev, requesting assistance to combat the crushing weight of sanctions. According to a letter obtained by The Wall Street Journal, the cost of spare parts and essential consumables required for basic vehicle operation has recently surged "dramatically and without explanation."

These carriers are now demanding fare hikes, increased user fees, access to subsidized loans, the abolition of penalties for failing to meet safety requirements, and an exemption from fines regarding the lack of tachographs in buses—since the price of those units has skyrocketed by an average of 135%, jumping from 28,000 to 66,000 rubles. Furthermore, they are pleading for an extension of the moratorium on mandatory bus inspections until the end of the year.

https://www.kommersant.ru/doc/5269943

Milk and honey.

What on earth does selling things on credit to people struggling to make ends meet have to do with stimulus checks? Honestly, it would be a breath of fresh air if the EU just banned this practice of financing junk on credit; maybe then people would actually feel more satisfied with their lives. 🤔 Russia hasn't truly collapsed yet either, and they won't, as long as you and everyone else in the West keep relying on their energy resources. ☕

Nathan Evans78 said:What on earth does selling things on credit to people struggling to make ends meet have to do with stimulus checks? Honestly, it would be a breath of fresh air if the EU just banned this practice of financing junk on credit; maybe then people would actually feel more satisfied with their lives. 🤔 Russia hasn't truly collapsed yet either, and they won't, as long as you and everyone else in the West keep relying on their energy resources. ☕

😁

But what does "collapsed" even mean in this context? I mean, even North Korea hasn't collapsed... they're still standing and probably will be for a long time... just like Russia. How that existence actually looks is a completely different question entirely... but they certainly aren't going to vanish or go extinct.

silverotter72 said:They’re already neck-deep in it, honestly. It isn't some distant threat waiting five years down the road.

Give them five years and they'll be completely bottomed out.

Prices in Russia have absolutely spiraled; we're looking at hikes of 30-50%, with certain goods jumping as much as 80%. You can see it all on YouTube—people walking through stores, filming old price tags next to the new ones. If these surges have already trickled down to the retail level, then you can bet they are hitting the higher tiers just as hard.

Just imagine waking up tomorrow, heading to the grocery store, and finding that everything has spiked by somewhere between 30% and 80%.

Go to a Home Depot and take a look for yourself.

Nathan Evans78 said:They completely moved the goalposts, didn't they? One minute it’s all "they’ll be bankrupt by tomorrow"—after paying out their coupons with crisp Benjamin Franklins—and now we’ve pivoted to "they’ll definitely be hungry by 2025."

Some good news for us sovereignty enthusiasts: those gas oligarchies from Qatar, the UAE, Saudi Arabia, Ukraine, and the rest can go jump in a lake.

Gas has started flowing from a new ExxonMobil well on the Ika b platform in the Northern Adriatic, near the coast, according to HRT. Another well on the Marica platform is set to go live in early April, with a third planned in a few years once the new Irena 2. platform is built. This is actually great news, considering gas production in the Northern Adriatic has been on the decline for years.

Over in El Paso-Srijem County, the Canadian firm Vermilion has struck two gas fields—Cerić and Berak—so they'll be contributing fresh supplies next year too. On top of that, ExxonMobil has made the Severovac discovery following the latest round of exploration block allocations, according to Marijan Krpan, the head of the Hydrocarbon Agency.

So, why aren't we talking about Russia or Venezuela?

I have zero respect for this version of "sovereignty" that basically boils down to trembling in fear before the most wide-open imperialist power on the planet. You really ought to read up on this.

Nathan Evans78 said:What on earth does selling things on credit to people struggling to make ends meet have to do with stimulus checks? Honestly, it would be a breath of fresh air if the EU just banned this practice of financing junk on credit; maybe then people would actually feel more satisfied with their lives. 🤔 Russia hasn't truly collapsed yet either, and they won't, as long as you and everyone else in the West keep relying on their energy resources. ☕

I almost signed off on what my colleague said down there, but I’d add that you’re falling into a logical fallacy. What does that mean? If they could sell 100 units of energy in the European Union in 2021, but that drops to 90 in 2022 and hits 30 by 2025—is that really a win for Russia? It’s absolutely not in Russia's interest for the European Union to pivot away from their energy—oil and gas—permanently. The fact that they’ll keep buying from Russia as long as they have to isn't exactly a victory.

Imports from other markets will ramp up, alternative energy sources will gain ground, and we'll see a return to nuclear power.

Brenda Murphy3 said:😁

But what does "collapsed" even mean in this context? I mean, even North Korea hasn't collapsed... they're still standing and probably will be for a long time... just like Russia. How that existence actually looks is a completely different question entirely... but they certainly aren't going to vanish or go extinct.

https://www.neste.com/investors/mark...ice-difference

They’re still out there trying to dump their oil at a massive discount, like $30 cheaper than Brent. Pretty desperate if you ask me.

"The world's second-largest crude oil exporter could be forced to limit output by 3 million barrels per day in April, the International Energy Agency warned on Wednesday , as major oil companies , trading houses and shipping companies shun its exports and demand in Russia slumps. Russia was pumping about 10 million barrels of crude per day"

And honestly, that explains why production might tank from 10 million down to 3 million barrels a day—they just don't have anyone left to sell it to.

https://www.hellenicshippingnews.com...eam-1-decline/

Gas deliveries are also dropping off now that the winter chill is fading, plus several European Union nations are already saying they won't be renewing their contracts with ExxonMobil once the current ones run out.

https://www.reuters.com/business/ene...ce-2022-03-18/

On the flip side, you’ve got various producers announcing they’re ramping up gas and oil production at their own sites.

So yeah, things aren't exactly "business as usual" for the guys over in Russia. People are still buying some stuff because, let's face it, you can't just flip a switch and walk away overnight, but their golden era of exporting fossil fuels to Europe is definitely over.

hollowdriver13 said:https://www.neste.com/investors/mark...ice-difference

They’re still out there trying to dump their oil at a massive discount, like $30 cheaper than Brent. Pretty desperate if you ask me.

"The world's second-largest crude oil exporter could be forced to limit output by 3 million barrels per day in April, the International Energy Agency warned on Wednesday , as major oil companies , trading houses and shipping companies shun its exports and demand in Russia slumps. Russia was pumping about 10 million barrels of crude per day"

And honestly, that explains why production might tank from 10 million down to 3 million barrels a day—they just don't have anyone left to sell it to.

https://www.hellenicshippingnews.com...eam-1-decline/

Gas deliveries are also dropping off now that the winter chill is fading, plus several European Union nations are already saying they won't be renewing their contracts with ExxonMobil once the current ones run out.

https://www.reuters.com/business/ene...ce-2022-03-18/

On the flip side, you’ve got various producers announcing they’re ramping up gas and oil production at their own sites.

So yeah, things aren't exactly "business as usual" for the guys over in Russia. People are still buying some stuff because, let's face it, you can't just flip a switch and walk away overnight, but their golden era of exporting fossil fuels to Europe is definitely over.

We'll just have to wait and see, because right now this is all just speculation and "what if" scenarios. It feels a bit like theater for the public; it's almost like those who were doing business with them suddenly woke up one morning and shouted, "dolje lopov, long live peace and prosperity!"

Morgan Morales4 said:We'll just have to wait and see, because right now this is all just speculation and "what if" scenarios. It feels a bit like theater for the public; it's almost like those who were doing business with them suddenly woke up one morning and shouted, "dolje lopov, long live peace and prosperity!"

Anyway, crude prices jumped up again today, even after Saudi Aramco hinted they might open up the taps, mostly because the European Union is seriously looking at a total ban on Russian fossil fuels.

https://www.aljazeera.com/news/2022/...ussian-oil-ban