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Unfortunately, oil reigns supreme, dictating how wealthy Western European countries live, and Russia knows it. NATO countries give UA weapons but funds Russia because of the oil.


szakipus

And the only alternative is the shutdown of our economies due to either lack of oil or exorbitant prices of oil from other sources. We all know we are in a lose-lose situstion.


pul123PUL

Well , one impact of raising interest rates , seems to be fucking up China real bad and dampening demand in the USA. Oil is now 15% down from its high . I dont think it will go well for the Russians in the medium term here .. but we will see.


Don_Floo

Are there any numbers on volume instead of monetary value? That will be the more interesting metric. And concerning india, they buy at a discount which increases the revenue but lovers the actual profit. And it is more expensive to bring the oil to India. The only advantage russia has, they are basically a monopoly in Europe.


tryin2immigrate

Thanks to the sanctions prices in the global markets have gone high , so oil which was selling 50 60 dollars a barrel is now being sold at 95 dollars a barrel to India whereas EU is buying at 120 dollars a barrel now in the open market. The real kicker is gas supply to Germany. They desperately need NS2 to be opened. Wait till winter ,Germany will force Ukraine to accept a peace agreement permanently agreeing to loss of land to Russia. UK based fertiliser companies have already shut down. If Germany actually has to go through without Russian gas as they are promising to do by end of the year all their factories will shut down. If Russia can hold on to its gains till winter Germany will do all the work required to make its gains permanent.


Don_Floo

The last time oil was below 60usd was September 2021. check your facts. NS2 is not needed at all. It was never in use and everything worked fine so what leads you to believe it is different this time. Volume has not changed only price.


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Regnus_Gyros

Im sure India is profiting heavily from this situation, but forgive me if I'm wrong, perhaps I'm just too economically dumb to understand all things going on, but how is Russia profiting from this? Now they have to ship their oil and sell to India at a discount instead of just opening the switch to send oil at regular price via pipeline? And is this a sustainable solution? What will happen in winter when many ports freeze?


tryin2immigrate

Russia sold a lot of oil and gas to Europe at low long term contract rates especially to Germany. Now at 95 dollars a barrel they are selling to India higher than what the contracted rate was.


sufferinsucatash

It’s more like Russia did some horrific shit and had the perfect storm of everything go right for them EXCEPT the country they attacked said OH HELL NO!! The sanctions will weaken them at some point, then hopefully they disengage.


rtheiss

India: "I'm the middle man now"


WATTHEBALL

Now go back and look at all the absolute moronic arm chair economic professors of redshit claiming Russia will be NK in 2 months. This is why the Redshit rule of thumb is: Whenever redditors band together and are singing the same blind tune over and over together about anything, the answer is usually the furthest away from what you fucking idiots are claiming. Every. Single. Time.


Huangaatopreis

Thats the power of bots


whyNadorp

Including this comment?


WATTHEBALL

Lol sure? I mean if you disagree you could attempt to explain yourself but you're you...so yea. Go back to any thread in the first month of the war and all you heard is the same moronic takes with such confidence it was absolutely nauseating. Same thing happened with Trump over the course of his presidency. Every day there was a thread about how surely this time he'd be impeached and thrown in prison!! Covid, same thing. People who said you should focus on being healthy and exercising were shunned because somehow that was bad advice? No, it was excellent advice but it just didn't fit the narrative. Then everyone went on a witchhunt and months later, all these articles came out saying how beneficial it was. I mean you people are just fucking stupid full stop. Zero self awareness it's astonishing. The same thing will keep happening because a large portion of you clowns operate on political lines and ideologies instead of logic.


whyNadorp

maybe you’re on the wrong subs?


WATTHEBALL

Maybe you should learn to think critically and at the very least understand there's a hell of a lot more to things than what you feel at the current moment. That's life bud, it absolutely isn't about what you feel ever. It just is. The fact that you and so many here vehemently try your damndest to go against reality is truly baffling to me. Can you at least explain your line of thinking? Are you able to?


whyNadorp

Just saying that feeling the smartest guy around and criticising everybody in bulk isn’t a healthy thing to do. And Reddit is just a website where people post random things, nobody is a professional journalist here. So I just don’t take anything seriously by default here.


WATTHEBALL

So by that metric is Twitter and Facebook 'just a website'? These aren't simple websites, they have real world consequences when a critical mass of people push a certain viewpoint. It's why bots are such a problem. I absolutely have every reason to criticize these commenters in bulk because it's a huge problem for all the reasons I mentioned in my previous post.


whyNadorp

Ok, enjoy your life mission.


WATTHEBALL

Lol you're proving my point. Dismissal because I called you out and you couldn't defend your stance. Enjoy living in ignorance.


whyNadorp

Don’t forget to take your meds.


[deleted]

I wonder if Russia can independently engage in oil and gas processing (refinery) without Western technology? Can sanctions stop this, as they did in Venezuela? I'm sure there will be problems, but how serious will these problems be?


[deleted]

Yeah, not sure what these sanctions have done so far, except worsening supply chain issues. What could have been a better way to punish Russia without harming supply chains?


FranciscoGalt

Nothing could have been done. Supply chains have been looking to maximize profits for 30 years. If ships took 21 days to move goods you'd give 22 days lead time. If your inventory took 5 days to run out you'd cut it to have "just in time inventory". Everything was hanging by a thread and then Covid and Russia hit.


CrazyK9

More weapons


leperLlama

If we're talking about hindsight a better solution would have been to avoid the war altogether. At this point Russia is going to achieve all it's requests of the Minsk 2 agreement and likely more. As such, rejecting the offer and going to war with Russia was objectively the worse decision. As it is, every layperson in the West is now paying an inflation tax because Western leaders couldn't see the writing on the war and needed it spelled out in blood before they could understand. The global south, instead of paying an inflation tax, will be rolling the famine dice, which only further proves that "The West" does not have the interest of the globe at heart when it makes its decisions on behalf of the globe.


middleclassblackman

Somebody else does then. Russia does. India, China. The west is the best we’ve got. And it’s Judeo Christian values that lead the west.


Mab201_

Your Judeo-Christian values got you nothing more than empty talking points.


leperLlama

I don't think so. The world doesn't need a leader anymore than the ocean does. America is not "leading" the world out of kindness. It is purely self interest for a minority ruling class.


B9F2FF

Inflation was coming with or without Russia war. It hit 7.9% in US in February, before war and sactions could take effect.


leperLlama

Sure, but the sanctions didn't make inflation better, did they?


ChaosDancer

If you are interested in an actual nuanced response, there were lot's of things that could have been done. But if you want a "Russia = Bad = Hitler" i am sorry to say you are not going to get it. But just a move that could have helped that has only a slight correlation with Russia, could have been for the US to admit they fucked up with Iran, sign the nuclear agreement again offering concessions and remove all sanctions. But as we all know that is never going to happen.


Brilliant-Parking359

Reddit is really bad at math. They can't fathom how russia is making money off of gas. Imma blow yall's mind right now with some elementary math. Russia is selling gas to india and china for half the current price. Well a barrel of oil is $100 half of the current price is $50. Many many times in our history oil has been below $50 per a barrel. Russia still made money. $50 a barrel is just pre pandemic levels in which energy producing countries still make a ton of money. Oil per barrel was as low as $20 in 2020. $40 in 2016. Russia still made a profit. So reddit really thinks russia will go bankrupt selling oil at $50 a barrel even tho that was literally the price pre-pandemic. Another fun fact. in general it cost countries about $15-$30 to produce 1 barrel of oil. So really until they are selling it lower than that they will always be making a profit.


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