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.
They’ve been selling oil and gas this entire time, there isn’t any need to secure customers, they already have them. The discount is essentially the effect that they have a smaller pool of buyers, and those buyers piss off a number of other players (countries, buyers, sellers, insurance, etc) by buying from Russia. A few buyers have to also contend with paying a country that has demonstrated a willingness to invade their neighbors. Many of the former Soviet states, for example, have continued to buy Russian oil this entire time, while putting in big efforts to transition away. Their oil and gas purchases have been heavily criticized by people who don’t understand how long it takes to change energy sources.
Russia is obviously able to expand sales to more customers, and diversification makes sense as well. They don’t want to be reliant on one or two big customers here. Also, selling at a discount on spot market still brings in far more revenue than long term pipeline contracts with Europe did. Meanwhile, the west is literally facilitating a genocide in Gaza and people living in western countries have zero moral ground to bray about Russia at this point. Finally, not sure what these big efforts to transition away are exactly. So far, it’s pretty clear that Russia has done far more to transition away from Europe than the other way around.
That wasn’t a moral judgment of the Russian invasion, it was just pointing out a strategic reality for neighbors. Likewise, Gazans would probably have issue with buying Israeli products if given choice.
Still, I don’t know what to tell you. Russian carbon energy export profits have fallen hard since the beginning of the invasion, with much of the losses coming out of their pipelines.
See this graph in this article/report. You can find quite a lot of other articles talking about how the recent spike in prices from the Hormuz bullshit is a huge boon for Russian carbon energy.
The strategic reality of Russia’s neighbours is obviously that they can’t change their geography and have to find a way to live with Russia. That should be obvious to anybody with even a minimally functioning brain. The war in Ukraine is a direct result of Europe acting in the American interest and participating in expansion of NATO. It’s incredible to me that people still can’t understand this basic fact.
Meanwhile, the report you yourself linked clearly shows that Russian energy exports have remained stable overall. The harm that’s been done to Europe is far greater than any profits Russia has lost over the past 4 years. Not only that, but with Russian supplies cut off and now the Gulf, Europe finds itself entirely dependent on the US which is a predatory power.
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.
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.
They’ve been selling oil and gas this entire time, there isn’t any need to secure customers, they already have them. The discount is essentially the effect that they have a smaller pool of buyers, and those buyers piss off a number of other players (countries, buyers, sellers, insurance, etc) by buying from Russia. A few buyers have to also contend with paying a country that has demonstrated a willingness to invade their neighbors. Many of the former Soviet states, for example, have continued to buy Russian oil this entire time, while putting in big efforts to transition away. Their oil and gas purchases have been heavily criticized by people who don’t understand how long it takes to change energy sources.
Russia is obviously able to expand sales to more customers, and diversification makes sense as well. They don’t want to be reliant on one or two big customers here. Also, selling at a discount on spot market still brings in far more revenue than long term pipeline contracts with Europe did. Meanwhile, the west is literally facilitating a genocide in Gaza and people living in western countries have zero moral ground to bray about Russia at this point. Finally, not sure what these big efforts to transition away are exactly. So far, it’s pretty clear that Russia has done far more to transition away from Europe than the other way around.
That wasn’t a moral judgment of the Russian invasion, it was just pointing out a strategic reality for neighbors. Likewise, Gazans would probably have issue with buying Israeli products if given choice.
Still, I don’t know what to tell you. Russian carbon energy export profits have fallen hard since the beginning of the invasion, with much of the losses coming out of their pipelines.
See this graph in this article/report. You can find quite a lot of other articles talking about how the recent spike in prices from the Hormuz bullshit is a huge boon for Russian carbon energy.
The strategic reality of Russia’s neighbours is obviously that they can’t change their geography and have to find a way to live with Russia. That should be obvious to anybody with even a minimally functioning brain. The war in Ukraine is a direct result of Europe acting in the American interest and participating in expansion of NATO. It’s incredible to me that people still can’t understand this basic fact.
Meanwhile, the report you yourself linked clearly shows that Russian energy exports have remained stable overall. The harm that’s been done to Europe is far greater than any profits Russia has lost over the past 4 years. Not only that, but with Russian supplies cut off and now the Gulf, Europe finds itself entirely dependent on the US which is a predatory power.
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.