Updates
May 31, 2022: Ukraine takes control of all Tatneft assets in Ukraine.
April 22, 2022: Europe bracing for diesel deluge. Why aren't we seeing this in the US, and why aren't diesel prices in the US plunging?
April 21, 2022: update; oil companies pulling out of Russia.
April 12, 2022: Russia's oil production slips below 10 million bopd. So, far this is still an estimate based on early production data in April.
April 11, 2022: the snowball starts to roll. Russian Railway has officially defaulted; and Russia telegraphs it -- the country -- will also default.
April 10, 2022: Putin's War pushing Russia into insolvency. Ronald Reagan tried to do that with Star Wars; the Russians at that time were smart enough to back out. Now, in less than a month or so, President Biden et al may do what Reagan did not do.
Original Post
Institute for Energy Economics and Financial Analysis: the US can increase LNG exports to Europe. No new contracts or infrastructure are required.
Update, 7:44 p.m. CT: I wrote the above earlier today. The headline: all indications suggest Russia's economy will implode by summer.
Now this, from the guy who wrote the "bible" on oil: Russia's days as an energy superpower are over, according to Daniel Yergin.
Based on the comments, a lot of folks disagree with Yergin. I understand where those folks are coming from. So, we'll see.
I do think world leaders need to think seriously about what has happened the past five weeks.
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