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IWETHEY Home / IWETHEY Board / Regional/World Conflict Forum / The loop hole
Post #443,973
by scoenye
3/17/24 5:53:47 PM
3/17/24 5:53:47 PM
Reply
New The loop hole
https://www.cnn.com/2024/02/19/europe/russia-oil-india-shadow-fleet-cmd-intl/index.html

India processes Russian crude and exports the refined products (which we then buy.) Even if Putin has to reverse part of the flow, it'll take a few more refineries before that overcomes the break-even point. And the Siberian fields are quite a bit further away than even the Nizhny Novgorod site.
Post #443,974
by crazy
3/18/24 12:51:13 PM
3/18/24 12:51:13 PM
Reply
New Yep, that's one way they work around it
I think it's closer to the edge though. They cannot afford to lose refined products right now. It's so tight it is illegal for them to export gasoline. So at this point the demand is the same but the supply is tightening and the prices are going up.

https://www.reuters.com/business/energy/russia-bans-gasoline-exports-6-months-march-1-2024-02-27/#:~:text=MOSCOW%2C%20Feb%2027%20(Reuters),world's%20second%20largest%20oil%20exporter.

This guy gives a pretty good recap and analysis of the situation. Those various refineries that got hit didn't lose total output, but they do have financial ramifications and they are still easy future targets.

https://youtu.be/qq5bx5x7yFo?si=Quk7D_kPqD59sTpf
     Russia will never run out of bodies but it will run out of gas - (crazy) - (2) - March 17, 2024, 12:40:44 AM EDT
         The loop hole - (scoenye) - (1) - March 17, 2024, 05:53:47 PM EDT
             Yep, that's one way they work around it - (crazy) - March 18, 2024, 12:51:13 PM EDT

OK, my response to that is pending a Google search.
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