[Yikes]

Originally Posted by GGG

To me that is helping the world more than helping Russia.

Russia produces about 10 million barrels of oil a day.

The US can withdraw about 4 million barrels per day from their storage which has about 700 million barrels or about 175 days of max output. The EU has roughly 800 million barrels and likely a similar withdrawal capacity. We are more or less at max output right now.

So if no one bought Russian oil we would likely run out of oil by the end of the year as we would be short about 3.5 billion barrels compared with 1.5 billion in reserves plus whatever the rest of the world has.

We have no mechanism to not use Russian oil without placing the energy security of the world in peril.

And Putin knows it.