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None whatsoever. There are some Russian appologists making the rounds. Fact of the matter is that Russian oil exports are in decline, but the rising oil prices
by yokoprime 4y ago
None whatsoever. There are some Russian appologists making the rounds. Fact of the matter is that Russian oil exports are in decline, but the rising oil prices has made up for the difference. This increase is not sustainable. To get back to pre february export levels, Russia has to build a pipeline to China.
> Though Russia’s fossil fuel exports have started to fall somewhat by volume, as more countries and companies shun trading with Moscow, surging prices have more than canceled out the effects of that decline.
- rightbyte 4y agoSelling less for more of a finite resource seems more substainable.
- tetromino_ 4y ago> Russia has to build a pipeline to China Russia built an oil pipeline to northern China ten years ago [1], and more recently added a gas pipeline along more or less the same route [2]. So the question is not about building a pipeline but about upgrading an existing pipeline's capacity. [1] https://en.wikipedia.org/wiki/Eastern_Siberia%E2%80%93Pacific_Ocean_oil_pipeline https://en.wikipedia.org/wiki/Eastern_Siberia%E2%80%93Pacifi... [2] https://en.wikipedia.org/wiki/Power_of_Siberia https://en.wikipedia.org/wiki/Power_of_Siberia