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Like they're buying oil from Venezuela, Syria and Iran? There's five to six million barrels per day the US pulled off the market (that it can put back, and cho
by adventured 5y ago
Like they're buying oil from Venezuela, Syria and Iran?
There's five to six million barrels per day the US pulled off the market (that it can put back, and choke off Russia instead).
Russia can be smashed economically, and that includes gradually choking off the potency of their energy sector (even if it can't be entirely crushed).
Give the US a small bit of time to ramp production and it'll happily replace three million barrels per day of Russia's oil production at $90-$120 / barrel.
- riku_iki 5y ago> Like they're buying oil from Venezuela, Syria and Iran? I think it is different case, US says they will prosecute/sanction anyone who do business with those countries. US didn't apply such measures on Russia. In my understanding, EU is still buying Russian oil and gas and doesn't have plans of banning it.