Quote:
Originally Posted by GGG
I’m surprised that Russian hasn’t cut the world off their energy supply. At 10 million bpd (7 million export) the world cannot keep up to that much of a supply cut. Government oil reserves at around 1.4 billion barrels and a total of 4 billion dont last very long. 571 days, in addition in that kind of pricing environment you have a contents where future barrels are worth even more then todays barrels. In addition you kneecap the EU populations.
It would instantly raise the price of oil even further putting economic pressure on the world enforcing sanctions against them. Then you agree that if you stop supplying arms and end sanctions oil supply returns.
The challenge is that the oligarchs probably don’t like that option.
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They need money from something. The energy supply is the rare source of funds they have left. They'll probably threaten it in the winter or do it for a day at some point. But long term, it's not viable for them.