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Posted: 12/2/2022 3:17:53 PM EDT
[#1]
I'm sure they'd love to buy at $60/bbl. In fact I'm sure everyone would love to buy at that price.
I wonder what happens when the price is so artificially low that everyone wants to buy the same item... Oh yeah that's right, they won't want to sell at that price and there will be a shortage as Russia sells at full price to China and India. |
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Posted: 12/2/2022 3:18:51 PM EDT
[#2]
Question is will Putin sell at that price?
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Posted: 12/2/2022 3:19:21 PM EDT
[#3]
It’s that or face an energy crisis and rioting peasants.
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Posted: 12/2/2022 3:20:30 PM EDT
[#4]
Put a 30% tariff on imports from countries buying Russian oil & gas, and put it in a fund to pay for US support for Ukraine. Win/win.
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Posted: 12/2/2022 3:20:46 PM EDT
[#5]
Madness. Madness and stupidity.
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Posted: 12/2/2022 3:20:48 PM EDT
[#6]
Quote HistoryQuoted: It’s that or face an energy crisis and rioting peasants. Winter is coming |
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Posted: 12/2/2022 3:23:53 PM EDT
[#7]
I'm going to Costco this afternoon.
Based on this, I'll just tell the Costco cashier that I'm only gonna pay $25 for a bottle of tequila, because I think that's the fair price. |
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Posted: 12/2/2022 3:26:11 PM EDT
[#8]
Quote HistoryQuoted: I'm going to Costco this afternoon. Based on this, I'll just tell the Costco cashier that I'm only gonna pay $25 for a bottle of tequila, because I think that's the fair price. Does not much of the world still haggle? |
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Posted: 12/2/2022 3:28:34 PM EDT
[#9]
Lmaooooooooooo
Goes to show you how fucking stupid those leaders are |
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Posted: 12/2/2022 3:31:00 PM EDT
[#10]
fuck Europe
Let Russia conquer them all |
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Posted: 12/2/2022 3:35:15 PM EDT
[#11]
'We find your actions morally repugnant, but will look the other way for a 20% discount.'
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Posted: 12/2/2022 3:36:17 PM EDT
[#12]
I'll pay my taxes, but Im going to set a price cap of $300 a year.
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Posted: 12/2/2022 3:36:33 PM EDT
[#13]
Link "According to Bloomberg, China and India are currently buying Russia's flagship Urals crude oil at a massive $33.28 discount to Brent" Urals is usually just a few dollars behind Brent. Brent today is $86.44, with sanction busting discount China and India pay about $53.16 today
Link (2019) "The cost of producing a single barrel of Brent crude oil came in at around $42 for Russian onshore projects, and $44 for offshore projects, IHS Markit estimated." And I bet that's gone up a fair bit Without sanctions and at $42 to produce profit would be = $44 ish After Euro price cap of $60 profit = $18 (reduced 60%) Sold to China/India after sanction busting discount profit = $11 (reduced 75%) Russian oil export volume is down a smidge in 2022, so by all measures they are losing a huge amount of net income and a much larger percentage of gross profit |
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Posted: 12/2/2022 3:38:23 PM EDT
[#14]
While they try to spin it as punishment for Russia, the world immediately recognizes that this is a symptom of a Europe that is so utterly fucked that they are willing to give money to a man who is openly attempting to invade their continent.
I think Poland should invade Germany and kick their silly asses just on principal. These dumb fucks deserve to be cold and dark. |
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Posted: 12/2/2022 3:39:19 PM EDT
[#15]
Quote HistoryQuoted: Link "According to Bloomberg, China and India are currently buying Russia's flagship Urals crude oil at a massive $33.28 discount to Brent" Urals is usually just a few dollars behind Brent. Brent today is $86.44, with sanction busting discount China and India pay about $53.16 today Link (2019) "The cost of producing a single barrel of Brent crude oil came in at around $42 for Russian onshore projects, and $44 for offshore projects, IHS Markit estimated." And I bet that's gone up a fair bit Without sanctions and at $42 to produce profit would be = $44 ish After Euro price cap of $60 profit = $18 (reduced 60%) Sold to China/India after sanction busting discount profit = $11 (reduced 75%) Russian oil export volume is down a smidge in 2022, so by all measures they are losing a huge amount of net income and a much larger percentage of gross profit With everyone bailing, I bet it is much higher, and they have issues as well. Tech and parts. Edit: Those fucking pussies should start sucking more oil out of the north sea field. Cocksuckers. |
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Posted: 12/2/2022 3:39:58 PM EDT
[#16]
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Posted: 12/2/2022 3:41:54 PM EDT
[#17]
Quoted: This is stupidest plan ever. - They're trying to punish Russia for invading Ukraine, and limit Russia's cash supplies. - India and China say they're gonna continue buying all the Russian oil they want. The EU says they're going to buy Russian oil, but cap the price at $60/barrel. https://www.cnbc.com/2022/12/02/russia-oil-price-cap-g-7-outline-how-it-is-going-to-work.html That's as lame as dementia joe saying he will refill the strategic reserve at $70 a barrel. Who the hell will sell at $70 a barrel anytime soon? |
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Posted: 12/2/2022 3:42:24 PM EDT
[#18]
The only way to offset this is for the usa to send another 100 billion to Ukraine ASAP.
We will fix Europe yet |
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Posted: 12/2/2022 3:42:29 PM EDT
[#19]
Quote HistoryQuoted: Link "According to Bloomberg, China and India are currently buying Russia's flagship Urals crude oil at a massive $33.28 discount to Brent" Urals is usually just a few dollars behind Brent. Brent today is $86.44, with sanction busting discount China and India pay about $53.16 today Link (2019) "The cost of producing a single barrel of Brent crude oil came in at around $42 for Russian onshore projects, and $44 for offshore projects, IHS Markit estimated." And I bet that's gone up a fair bit Without sanctions and at $42 to produce profit would be = $44 ish After Euro price cap of $60 profit = $18 (reduced 60%) Sold to China/India after sanction busting discount profit = $11 (reduced 75%) Russian oil export volume is down a smidge in 2022, so by all measures they are losing a huge amount of net income and a much larger percentage of gross profit LOL this. Did you guys actually think Xi wouldn't take this opportunity to bend Russia over? |
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Posted: 12/2/2022 3:44:03 PM EDT
[#20]
Lets get in on this deal too. I need some $2/gal heating oil for my house.
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Posted: 12/2/2022 3:45:05 PM EDT
[#21]
Guess Europe isn’t that mad about the whole invading Ukraine thing.
That explains why we’re footing most of the bill for the war. |
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Posted: 12/2/2022 3:46:25 PM EDT
[#22]
Once again the USA cares more about European security than the Europeans.
At a certain point you have to ask, why do we bother? The EU will NOT match US funding to Ukraine, which is about $100 billion now in total. The EU will not purchase oil from other places either thereby funding the Russian war machine that we U.S. taxy payers are paying money from our hard labor to help defeat. So, we put money into Ukraine to fight Russia. Europeans put money into Russia at the same time. That sounds like a recipe for NEVER ENDING CONFLICT! That is though EXACTLY what the elite want to line their pockets off the misery of the low and middle class and the blood of tens of thousands if not hundreds of thousands. Some insidious and evil people in this world folks. The depravity and greed of the elites is limitless now that to a man and woman none of them believe in God anymore. |
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Posted: 12/2/2022 3:46:51 PM EDT
[#23]
Buying oil from your enemy is all fun and games until a friend starts sinking/blowing up those oil shipments.
Enemy supply convoys are legit targets regardless of destination |
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Posted: 12/2/2022 3:48:14 PM EDT
[#24]
Quote HistoryQuoted: Buying oil from your enemy is all fun and games until a friend starts sinking/blowing up those oil shipments. Enemy supply convoys regardless of destination are legit targets. The corrupt Ukraine leaders will just be bought off and the spice will flow. Meanwhile Ukraine citizens suffer and the U.S. citizens have our money stolen for essentially nothing. |
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Posted: 12/2/2022 3:49:34 PM EDT
[#25]
The plan for punishing Putin is working as planned I see.
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Posted: 12/2/2022 3:50:27 PM EDT
[#26]
You can't give putin 100 billion dollars to fund his war .
But you can give him 60 billion dollars to fund his war !! As long as we give Ukraine 75 billion , we're still "winning" Personally I'd put a 100% tarrif on every product from any euro commie shithole that imports one gallon of Russian oil . Plus get on national TV and yell everyone the euro scum are now allied w Russia. |
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Posted: 12/2/2022 3:53:08 PM EDT
[#27]
Quoted: This is stupidest plan ever. - They're trying to punish Russia for invading Ukraine, and limit Russia's cash supplies. - India and China say they're gonna continue buying all the Russian oil they want. The EU says they're going to buy Russian oil, but cap the price at $60/barrel. https://www.cnbc.com/2022/12/02/russia-oil-price-cap-g-7-outline-how-it-is-going-to-work.html That's been Russia's plan all along - starve Europe of energy until they give in. It's the reason why they've even bothered continuing in Ukraine despite all of the losses they've had, they don't have to win the military battle... they just have to wait until they can win the economic battle. |
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Posted: 12/2/2022 3:53:16 PM EDT
[#28]
Quote HistoryQuoted: Buying oil from your enemy is all fun and games until a friend starts sinking/blowing up those oil shipments. Enemy supply convoys are legit targets regardless of destination I'm kinda shocked the many pipelines running through Ukraine are still intact. I figured somebody either on purpose or accident would have taken a few out by now. |
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Posted: 12/2/2022 3:53:25 PM EDT
[#29]
Wow that's a good price! Maybe they can get it even lower if they build a pipeline
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Posted: 12/2/2022 3:54:19 PM EDT
[#30]
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Posted: 12/2/2022 3:56:18 PM EDT
[#31]
Quote HistoryQuoted: You can't give putin 100 billion dollars to fund his war . But you can give him 60 billion dollars to fund his war !! As long as we give Ukraine 75 billion , we're still "winning" Personally I'd put a 100% tarrif on every product from any euro commie shithole that imports one gallon of Russian oil . Plus get on national TV and yell everyone the euro scum are now allied w Russia. Europe is totally dependent on Russia, so war or not, they're buying Putin's oil and no one will ever officially figure out what happened to Nord Stream. No wonder that bastard laughs like he does.  |
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Posted: 12/2/2022 3:57:24 PM EDT
[#32]
Quote HistoryQuoted: That's been Russia's plan all along - starve Europe of energy until they give in. It's the reason why they've even bothered continuing in Ukraine despite all of the losses they've had, they don't have to win the military battle... they just have to wait until they can win the economic battle. Europe has lots of oil. Like biden, they just won't pump it. |
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Posted: 12/2/2022 3:58:19 PM EDT
[#33]
Quote HistoryQuoted: Europe has lots of oil. Like biden, they just won't pump it. |
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Posted: 12/2/2022 4:03:23 PM EDT
[#34]
It’s a big club and we ain’t in it
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Posted: 12/2/2022 4:04:51 PM EDT
[#35]
Quote HistoryQuoted: Put a 30% tariff on imports from countries buying Russian oil & gas, and put it in a fund to pay for US support for Ukraine. Win/win. Yes |
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Posted: 12/2/2022 4:09:39 PM EDT
[#36]
There is a sea of oil in the Artic that is now accessible by many EU nations.
They don't need Russian oil. Drill in the Artic and your problems are solved Europe. Problem is they should have started that years ago, because it takes years to set-up those operations. In the interim though they could purchase U.S. oil and the U.S. could increase production. They would rather though hold to their eco suicide cult beliefs and pretend that getting oil from Russia, Iran, and Venezuela is somehow "cleaner" for the environment. 
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Posted: 12/2/2022 4:18:56 PM EDT
[#37]
The title makes it out to be a EU thing but it has been fully coordinated with the US UK Canada Japan.
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Posted: 12/2/2022 4:18:56 PM EDT
[#38]
Russia has Europe by the balls.
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Posted: 12/2/2022 4:21:05 PM EDT
[#39]
Quote HistoryQuoted: The plan for punishing Putin is working as planned I see.  Attached FileWell, he did fall down teh stairs today 
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Posted: 12/2/2022 4:23:24 PM EDT
[#40]
Europe is punishing Russia for invading Ukraine by buying Russian oil that Ukraine pumps to Europe for Russia through Ukranian pipelines.
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Posted: 12/2/2022 4:24:17 PM EDT
[#41]
Quoted: The EU says they're going to buy Russian oil, but cap the price at $60/barrel. https://www.cnbc.com/2022/12/02/russia-oil-price-cap-g-7-outline-how-it-is-going-to-work.html  |
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Posted: 12/2/2022 4:26:16 PM EDT
[#42]
Anything 50 and over adjusted from $40 for 2017 suits Moscow per their government when Trump was President
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Posted: 12/2/2022 4:27:21 PM EDT
[#43]
Quote HistoryQuoted: Question is will Putin sell at that price? Putin's between a rock and a hard place. Russia can only ship a tiny fraction of their oil production by sea. They also don't have enough pipeline capacity to make up the loss of European sales to China/India. They can't store any more oil and if they stop pumping Siberian wells they freeze solid and go offline permanently. They would need Western oil company expertise to restart those wells which they will not receive. China/India have no incentive to oppose the price cap because the cap is lower than the discounted price Russia currently offers them. |
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Posted: 12/2/2022 4:27:59 PM EDT
[#44]
Quote HistoryQuoted: fuck Europe Let Russia conquer them all |
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Posted: 12/2/2022 4:28:13 PM EDT
[#45]
Quote HistoryQuoted: I'm sure they'd love to buy at $60/bbl. In fact I'm sure everyone would love to buy at that price. I wonder what happens when the price is so artificially low that everyone wants to buy the same item... Oh yeah that's right, they won't want to sell at that price and there will be a shortage as Russia sells at full price to China and India. Temporary pause on China buys after record buys earlier this year but some predictions China economy rebounding in 2023 |
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Posted: 12/2/2022 4:29:10 PM EDT
[#46]
Quote HistoryQuoted: It’s that or face an energy crisis and rioting peasants. Comes down to inflation on euro companies Volkswagen sounds unhappy. |
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Posted: 12/2/2022 4:30:18 PM EDT
[#47]
Quote HistoryQuoted: Put a 30% tariff on imports from countries buying Russian oil & gas, and put it in a fund to pay for US support for Ukraine. Win/win. Euros are already trying to get out of China microchip ban guessing little compliance |
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Posted: 12/2/2022 4:31:15 PM EDT
[#48]
Quote HistoryQuoted: Winter is coming https://www.bloomberg.com/news/articles/2022-11-29/european-gas-prices-advance-as-cold-snap-set-to-boost-demand |
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Posted: 12/2/2022 4:31:32 PM EDT
[#49]
Quote HistoryQuoted: Does not much of the world still haggle? Quote HistoryQuoted: Quoted: I'm going to Costco this afternoon. Based on this, I'll just tell the Costco cashier that I'm only gonna pay $25 for a bottle of tequila, because I think that's the fair price. Does not much of the world still haggle?  I knew a guy in high school who hated to shop for clothes with his father. It embarrassed him no end when the old man tried to talk the employee down in price. |
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Posted: 12/2/2022 4:34:18 PM EDT
[#50]
Olympic level mental gymnastics will take place in this thread
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