Russia's Oil Sector Is Already Beginning To Implode -- May 4, 2022

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.