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Sunday, April 24, 2022

The One-Two-Three Punch -- Russia -- April 24, 2022

Sanctions, link here:

  • Russian oil exports discombobulated;
    • short-term: Russian oil export routes in flux
    • medium-term: banking system to facilitate trades in oil in disarray
    • long-term: Russia oil sector needs western technology more than western technology needs Russia


Folks who question the validity of this chart simply have no clue.

Question: with western technology now avoiding Russia, does that improved the supply chain for the rest of the world?

2 comments:

  1. chart states "unsanctioned oil fields". And wonder why these get off scott free?

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    Replies
    1. My apartment lease (one unit, about 1500 square feet) runs to about 30 pages long. I can only imagine how long the EU agreements are with regard to sanctions on Russia. EU cannot shut off all oil from Russia overnight -- so they apparently have come to some agreement -- what oil from what fields is still free to flow. It may have to do with logistics (where the pipelines are) as with anything else. By the way, that's a "Latvian Blend" out there which because it's Russian oil blended with Latvian oil (50/50) it is not considered Russian oil so is not sanctioned. So, as with everything, lots of loopholes.

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