Quote:
Originally Posted by Street Pharmacist
This is why there's a price cap and not a Russian oil ban. Most western countries have signed their own bans, but it's the price cap that's really doing what is supposed to: keeping oil flowing into the global market to avoid price spikes, while severely cutting Russia's margins. Russian oil is flowing to China and India to keep global prices stable, while trimming $10-30 off per barrel. At current prices Russia is now barely above break even
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But even at the reduced price, is it really impacting Russia's ability to make war? It seems like lack of competence and outdated gear has been the problem for them. Do we know if reduced revenue has impacted their strategy or plans at all?