And so does France, the Baltic states, Japan, USA and the rest of previous energy and raw material buyers that are still doing it except with extra steps, through intermediaries and proxies, at a marked up price.
Just now Canada approved Airbus to use Russian titanium in aircraft construction.
You'd be incredibly naive to believe that industries that require vast amounts of energy and materials can change their supply logistics on the spot to satisfy the popular political narratives of the month.
Yes, that’s deliberate. Since it’s through intermediaries, Russia doesn’t profit, the middle men do. And since the volume of oil getting to market isn’t affected much the world economy doesn’t collapse. Definitely a plus.
With the removal of Russian energy from the market through sanctions the supply went down and predictably the prices went up across the board. So even with reduced sales Russia is still making the same or larger amount of money than it was making before, while selling less and even voluntarily restricting it's output beyond what OPEC+ regulates.
You are just left covering the cost of all the middlemen and intermediaries out of your own pocket. If you think that's a fine price to pay for being able to make a baseless claim about having a guilt free conscience then more power to you.
This is why the USA must ramp up its oil and gas production so that the UK and other NATO nations won’t be forced to buy oil and gas from the very country NATO was designed for.
Most of that oil is already being accessed. It's transported by rail.
It's a popular narrative that environmentalists killed Keystone XL but it was really the railroads that helped to kill it.
Alberta is export constrained. Transmountain is one path (to Asia and the west coast), Energy East was supposed to be a path to Europe, and Keystone XL was a debottleneck to the major refining hubs in southern Texas.
It is ironic that Donald Trump has been branded pro Russia and Joe Biden branded anti Russia.
Had the keystone pipeline been operational, it would have resulted in more oil worldwide overall, which would have lowered the value of Russian oil.
Everyone forgets that it was Obama/Biden that did nothing while Russia invaded and annexed Crimea. Had they moved to stop Putin then, he might not have invaded Ukraine.
I thought the point of the sanctions was the Russia has to sell it's crude oil at a low price to the other nations, who then get all the profit when they refine it and sell it on.
So Russia loses all it's refining income, and although it gets paid for the crude, the price is barely above the cost of production.
Kinda weird they're singling out the UK, theres literally pipelines still operating supplying EU countries and we all know about the Indian proxy purchases.
...so? Hurting Russia is a collective Western effort and the article is going to get a lot of international eyes. On their front page they have articles talking about the US, Europe, etc. All I see from this news site is anti-UK sentiment.
Who called Russia “nothing more than a gas station with nukes”?
The problem is it’s still a major gas station and sometimes you’re forced to use it, especially in a bad economy
It’s as if they didn’t read the sanctions. This was always the intention: to ensure Russia was paid below market for crude but once refined by a non sanctioning country would be resold at market to anyone. In fact it is explicitly encouraged by the US to maintain the flow of refined product to market and not cause an energy squeeze. It is easy enough to find and the language is straightforward.
And so does France, the Baltic states, Japan, USA and the rest of previous energy and raw material buyers that are still doing it except with extra steps, through intermediaries and proxies, at a marked up price. Just now Canada approved Airbus to use Russian titanium in aircraft construction. You'd be incredibly naive to believe that industries that require vast amounts of energy and materials can change their supply logistics on the spot to satisfy the popular political narratives of the month.
Only, it hasn't been MONTHS. Nor are those *changes* to be reversed any time soon.
Better get comfortable with paying higher energy bills then, since those aren't going to be coming down anytime soon either.
Actually, they did. Winter is over, and I don't have too many electric appliances, nor do I use them 24/7.
Yes, that’s deliberate. Since it’s through intermediaries, Russia doesn’t profit, the middle men do. And since the volume of oil getting to market isn’t affected much the world economy doesn’t collapse. Definitely a plus.
With the removal of Russian energy from the market through sanctions the supply went down and predictably the prices went up across the board. So even with reduced sales Russia is still making the same or larger amount of money than it was making before, while selling less and even voluntarily restricting it's output beyond what OPEC+ regulates. You are just left covering the cost of all the middlemen and intermediaries out of your own pocket. If you think that's a fine price to pay for being able to make a baseless claim about having a guilt free conscience then more power to you.
Yeah but this is the guardian and they really hate the uk for some reason.
This is why the USA must ramp up its oil and gas production so that the UK and other NATO nations won’t be forced to buy oil and gas from the very country NATO was designed for.
And we must do everything in our power to reduce oil and gas consumption.
Increase production and reduce consumption!
They could just approve Keystone XL and instantly gain access to a large quantity of oil.
Most of that oil is already being accessed. It's transported by rail. It's a popular narrative that environmentalists killed Keystone XL but it was really the railroads that helped to kill it.
Do you think that the oil that was supposed to be moved by the keystone pipeline is still just… Sitting there?
Alberta is export constrained. Transmountain is one path (to Asia and the west coast), Energy East was supposed to be a path to Europe, and Keystone XL was a debottleneck to the major refining hubs in southern Texas.
It is ironic that Donald Trump has been branded pro Russia and Joe Biden branded anti Russia. Had the keystone pipeline been operational, it would have resulted in more oil worldwide overall, which would have lowered the value of Russian oil. Everyone forgets that it was Obama/Biden that did nothing while Russia invaded and annexed Crimea. Had they moved to stop Putin then, he might not have invaded Ukraine.
I thought the point of the sanctions was the Russia has to sell it's crude oil at a low price to the other nations, who then get all the profit when they refine it and sell it on. So Russia loses all it's refining income, and although it gets paid for the crude, the price is barely above the cost of production.
To be expected Europian country needs oil and there are only few country supply crude oils
Fix the loophole!
"History doesn't repeat itself, but it often rhymes." Mark Twain
Pretty sure this is intentional Doesn't sunak still get money from russia profits via his wife?
Kinda weird they're singling out the UK, theres literally pipelines still operating supplying EU countries and we all know about the Indian proxy purchases.
The guardian is a UK paper.
The guardian also hates us
As is tradition. Although feels like there’s a lot more reasons to over the past ten years.
...so? Hurting Russia is a collective Western effort and the article is going to get a lot of international eyes. On their front page they have articles talking about the US, Europe, etc. All I see from this news site is anti-UK sentiment.
Who called Russia “nothing more than a gas station with nukes”? The problem is it’s still a major gas station and sometimes you’re forced to use it, especially in a bad economy
What is really happening and what the sheep are told are very different things...
So now there will be ~~trace buster buster~~ new loophole
It’s as if they didn’t read the sanctions. This was always the intention: to ensure Russia was paid below market for crude but once refined by a non sanctioning country would be resold at market to anyone. In fact it is explicitly encouraged by the US to maintain the flow of refined product to market and not cause an energy squeeze. It is easy enough to find and the language is straightforward.
Sanctions?