Russia, post Putin's War
- The war: a race against time.
- Russian economy will implode summer of 2022.
- Inevitable decline of its oil industry.
- Putin's War will set back Russia fifty years.
Updates
May 31, 2022:
- Russia says it will find other buyers after EU ban.
- Russia oil is selling at huge discounts.
Re-posting.
Wow, wow, wow -- this happened fast. This is a central theme
on the blog regarding Putin's War -- but I thought it would take a bit
longer for mainstream media to start reporting it, and here it is -- on
May 4, 2022 -- huge, link to Irina Slav:
- Russia’s oil output is plummeting, and the decline is expected to worsen in May.
- OPEC recently warned that markets could see the loss of more than 7 million barrels per day of Russian oil and other liquids exports.
- With many global producers constrained in their capacity to boost production fast, oil prices are likely to remain elevated for the foreseeable future.
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