What's new

Russia-Ukraine War - News and Developments PART 2



The war will soon be very expensive when the oil and gas revenues plummet for russia….
This isn’t news since the revenues of oil producers the world over respond to rising or declining crude oil prices. Russia is no exception.

But the remarkable thing about Russia’s oil and petroleum products exports is that despite the harshest ever sanctions and embargoes imposed on a country, Russian oil and products exports fell only to 7.5 million barrels a day (mbd) in September from 8.0 mbd prior to the Ukraine conflict.

The important thing is that Russia’s annualized oil revenues in 2022 are estimated at $301.13 bn based on an average Brent crude price of $110 a barrel compared with $201.48 bn in 2021 based on an average price of $69 or 50% higher.

Dr Mamdouh G Salameh
International Oil Economist
Global Energy Expert

 
Musk is right on this one. Starlink service was demanded by the Ukrainians with a sense of entitlement which he obliged. If armaments manufacturers are reaping billions supplying Ukraine, there is no reason why SpaceX shouldnt be remunerated for Starlink.
 
This isn’t news since the revenues of oil producers the world over respond to rising or declining crude oil prices. Russia is no exception.

But the remarkable thing about Russia’s oil and petroleum products exports is that despite the harshest ever sanctions and embargoes imposed on a country, Russian oil and products exports fell only to 7.5 million barrels a day (mbd) in September from 8.0 mbd prior to the Ukraine conflict.

The important thing is that Russia’s annualized oil revenues in 2022 are estimated at $301.13 bn based on an average Brent crude price of $110 a barrel compared with $201.48 bn in 2021 based on an average price of $69 or 50% higher.

Dr Mamdouh G Salameh
International Oil Economist
Global Energy Expert

Oh it is news.

Sanctions on oil and gas were mild cause reserves were at an all time low in europe. Together with post corona shortages this saw an enormous boom in prices for russia…managing them through the economic hardships.

However that fun is going to end now reserves are filling up, alternatives are being found, demand will plummet, and recession will fall on top of that.

Russia could survive sanctions with gas at 150-200, lets see once it falls to 50.

The should pray for a harsh european winter
 
Musk is right on this one. Starlink service was demanded by the Ukrainians with a sense of entitlement which he obliged. If armaments manufacturers are reaping billions supplying Ukraine, there is no reason why SpaceX shouldnt be remunerated for Starlink.
Are u kidding me? Do you know that the bill for one starlink account is around $600. What elon wants is to make even more money of the hundreds of millions he already earned.
 
$10.6 billion is a fantastic return on investment for the USA. Russia's best troops killed, best equipment destroyed. Red Army reputation destroyed. Putin - potentially politically neutered or dead. Picked up a new best friend in Ukraine for life. Broken the energy bond between the EU and Russia.. EU rapidily re-militarilising meaning it can withdraw it forces to focus on China more ...

What is there not to like about this for the USA... best $10.6 billion they have spent on anything ever ...

A strategic master-stroke from a bumbling fool's mistake in Ukraine ...
This is whats called taking advantage of an opportunity: there is no way US could have planned this Russia debacle, but its accelerated decision making and for once political will across both parties, were able to take advantage of Russia's poor decision making.

Putin was (before this) very successful in dividing democracies, doubting NATO, and causing divisions.
 
Are u kidding me? Do you know that the bill for one starlink account is around $600. What elon wants is to make even more money of the hundreds of millions he already earned.

OK so another company will offer free Internet to Ukraine? $20 million a month in war is peanuts. Musk has already given 20,000 terminals free and 6 months support. Ukraine, USA etc can pay.
 
Back
Top Bottom