Yes, that’s what the sanctions are intended to do. Russia should struggle to make any profit from their gas and oil. It would be ideal if they couldn’t sell at all, but forcing them to sell at steep discounts is still very good. This Hormuz straight business has unfortunately caused the price of oil to go up, which will significantly increase the price Russia can sell at.
What’s actually happening here is that Russia is grabbing the market early and undercutting the Burger Reich. Once they’ve secured customers then prices will obviously go up.
What is also happening is that Russia is making more money selling at a discount on the spot market, especially with the price increases happening now, than if they had long term fixed contracts. That’s what all of these morons here in Europe don’t understand either. When they tore up the very favorable contracts they had with Russia and went to buying Russian oil and gas at spot prices and through intermediaries like India, they just put more money in Russia’s pocket.
Yes, that’s what the sanctions are intended to do. Russia should struggle to make any profit from their gas and oil. It would be ideal if they couldn’t sell at all, but forcing them to sell at steep discounts is still very good. This Hormuz straight business has unfortunately caused the price of oil to go up, which will significantly increase the price Russia can sell at.
What’s actually happening here is that Russia is grabbing the market early and undercutting the Burger Reich. Once they’ve secured customers then prices will obviously go up.
What is also happening is that Russia is making more money selling at a discount on the spot market, especially with the price increases happening now, than if they had long term fixed contracts. That’s what all of these morons here in Europe don’t understand either. When they tore up the very favorable contracts they had with Russia and went to buying Russian oil and gas at spot prices and through intermediaries like India, they just put more money in Russia’s pocket.
That’s also a great point.