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They also have significant market share exporting certain commodities like Nickel, Palladium &c. -- but not close to gas/oil, true. Since new investment into f

by okl 5y ago

They also have significant market share exporting certain commodities like Nickel, Palladium &c. -- but not close to gas/oil, true. Since new investment into fossil fuel projects will go to nearly zero from here (and old equipment becomes defunct unless it is replaced), expect there gas/oil exports to decline significantly in the next years/decades. Putin didn't only mess up Ukraine now, he also wrecked his own country for at least a generation to come.

tobi_spaceship 5y ago
Same could be said for Biden.
- ben_w 5y ago
  As a foreigner, I can say that whatever it is you’re thinking of isn’t even newsworthy on the international stage. What Putin has done to Russia is like if an American president had invaded a neighbour and the result was simultaneously $4 trillion central bank assets held abroad getting frozen, most of the billionaires becoming personae non grata in half the planet, a lot of smart people leaving the country as quickly as possible, the stock markets crashing about as hard as the Great Depression, direct refusal by major shipping companies to deal with the nation, and the currency halving relative to everything else, while also finding the hard way that all the military hardware had been “maintained” with cheap lookalike products and the cost difference pocketed by corruption at an unknown part of the chain.
- KarlKemp 5y ago
  what?
  - MandieD 5y ago
    He probably believes what most of my relatives (most of whom are Texans) do: this is all Biden’s fault for not letting petroleum producers drill and frack wherever and however they want; Putin never would have tried this if he knew the US could just overwhelm the oil market. They can’t bear to consider that this is something of a last hurrah as Europe tries to wean themselves from the petro drug. There’s plenty of non-petroleum-related business going on in Texas, but the semi-rural power base relies on oil to stay rich.

by okl 5y ago

tobi_spaceship 5y ago

Same could be said for Biden.

ben_w 5y ago
As a foreigner, I can say that whatever it is you’re thinking of isn’t even newsworthy on the international stage. What Putin has done to Russia is like if an American president had invaded a neighbour and the result was simultaneously $4 trillion central bank assets held abroad getting frozen, most of the billionaires becoming personae non grata in half the planet, a lot of smart people leaving the country as quickly as possible, the stock markets crashing about as hard as the Great Depression, direct refusal by major shipping companies to deal with the nation, and the currency halving relative to everything else, while also finding the hard way that all the military hardware had been “maintained” with cheap lookalike products and the cost difference pocketed by corruption at an unknown part of the chain.
KarlKemp 5y ago
what?
- MandieD 5y ago
  He probably believes what most of my relatives (most of whom are Texans) do: this is all Biden’s fault for not letting petroleum producers drill and frack wherever and however they want; Putin never would have tried this if he knew the US could just overwhelm the oil market. They can’t bear to consider that this is something of a last hurrah as Europe tries to wean themselves from the petro drug. There’s plenty of non-petroleum-related business going on in Texas, but the semi-rural power base relies on oil to stay rich.