Oh shit. It's on now.
Russian oil isn't sanctioned yet, but it may as well be. Nobody wants it.
Will this hurt at the pump? Yes. Will it hurt Russia more? Da.Oil supply was failing to keep up with demand long before Russia's invasion of Ukraine last week. The market is in no position to lose any barrels from Russia, the world's No. 2 producer of crude oil last year, yet that is exactly what has happened.
An estimated 4.3 million barrels per day of Russian oil is "missing from the market because Western buyers are refusing to buy it," JPMorgan head of global commodities Natasha Kaneva told Alison Kosik on CNN Business Markets Now Wednesday.
"It's increasingly clear that the Russian [oil] volumes are being ostracized," Kaneva said. "We are experiencing a shortage at the moment."
Industry analysts point to the de facto ban on Russian oil as a central catalyst behind the latest price spike.
"It's definitely crimping supply — at a time when supply does not need to be crimped," said Tom Kloza, global head of energy analysis for the Oil Price Information Service.
One of the biggest problems is that refiners are refusing to buy Russian oil. Lipow said refiners in the United States, Finland, Sweden and elsewhere are shying away from Russian barrels.
The same situation is playing out with energy trading companies. For example, Lipow said one such company offered a cargo of Russian crude oil for sale — at a huge discount of $18.60 below Brent, instead of the slight discount typically offered before the invasion. There have been no buyers.
At the same time, many banks are declining to provide the financing typically involved in buying oil. Lipow said banks including Credit Suisse, Societe Generale, ING, Rabobank and Bank of China are refusing to extend credit to anyone wanting to finance the purchase of Russian oil.
Some tankers are even refusing to load anything at all at Russian ports or carry Russian oil. The United Kingdom, Canada and other countries have banned Russian tankers.
"No buyers plus no credit plus no tankers equals no Russian oil and higher gasoline and diesel prices," Lipow wrote in a note to clients Thursday.
We got some "Oath Keepers" we could ship out. Only stipulation is that they can't come back and they should stay in...Russia.

Even the Bank of China. The threat of Secondary Sanction is very powerful. Lenovo would rather get called names by Chinese netizens than export computers to Russia. Name calling may hurt feelings. Getting access to AMD and Intel chips cut off will bankrupt them. Didi still hasn't figured out how to restore services in Russia without access to electronic payment.

I thought Brexit was the biggest case of a country shooting himself in the foot with a bazooka for inane reasons in the recent history. Boy was I wrong. Putin has decided to condemn his country to death for outdated imperialism.
Last edited by Barzotti; 2022-03-03 at 06:10 PM.
By Monday North Korea will have better global economic, political and cultural relations than Russia.
So if North Korea is the Hermit State...will Russia be the Hermiter State, the Hermitest State?
- - - Updated - - -
The 21st century...The first 22 years have been remarkably similar to the first 22 years of the 20th century. The death toll is lower...but the similarities are fucking eerie.
History isn't quite repeating itself, but it sure as shit rhymes.

Quoting Tim Mullaney.
Russia economy is the equivalent of US economy consisting of Exxon Mobil at the top, and the next biggest company being Kingsford, proud enabler of backyard barbecues since 1920. Kingsford isn’t even a company – it’s a division of Clorox, accounting for a whopping 9 percent of Clorox’s revenue. To be slightly fair, Russia sells a lot more charcoal briquettes than Kingsford does, but really. No Google or Facebook, no Amazon or Apple, no Home Depot or Wal-Mart, no Intel or AMD – you get the picture.
Or to quote the late Senator John McCain, "Russia is a gas station masquerading as a superpower."
Last edited by Rasulis; 2022-03-03 at 06:19 PM.
I wouldn't go so far as to claim Russia's on its deathbed anytime soon, but yeah it's hard to see a great outcome for it now. Of course militarily they'll win in Ukraine, but after how long and at what cost, both internally and externally? And what, to inherit a country that increasingly seems like it'll have damaged infrastructure and a persistent partisan problem due to a population motivated to resist and invaders with low morale across the board?
If Putin's objective was increasing internal stability, he's done the opposite. If it was to scare off his other neighbors, he's doing it too well and they're now flirting with NATO more than ever before. If it was to prop up Russia's economy via seizing Ukrainian resources and eliminating competition, again he seems to have done the opposite for at least the medium term as it'll take a long ass time for Russia to actually benefit from its new colony, if it ever does, with mounting costs in the meantime.
It is all that is left unsaid upon which tragedies are built -Kreia
The internet: where to every action is opposed an unequal overreaction.
Putin has single handed done more to revitalize and motivate NATO in the history of the organization than anyone and anything else since WW2, he also comes a close second after Osama Bin Laden for propping up the US military industrial complex.
The CEOs of Raytheon etc must have jizzed themselves the moment Putin sent his troops across the border. That's why Boeing gleefully cancelled all their Russian contracts...they are literally laughing themselves to the bank in defense contracts now.
So the second round of talks ended and... nothing, really. Aside from possible ceasefire to allow civilians to leave via humanitarian corridors (Mariupol as the primary target, no doubt).
Honestly, that is not exactly great.
Putin finally gave speech and invasion is "going according to plan and timetables". I have a feeling he is in until the end, because there is no way back for him.
It's stupid and petty. Still, I like it.
Since when do we count some general news journalist's editorial without any analysis and without any statistics a proof of something? You seem to be jumping around trying to find the "proof".
Ah yes, armor is out of date. Yet all major players keep working on new and upgraded tanks.
T-84's? I suggest you research that model, first. The chance of it appearing in this war is basically zero. Unless Ukrainians drag the 1 or 2 prototypes out of storage.
Infantry with missile launchers is not going to be the future, unless you want them unprotected from artillery strikes and moving very slowly without mechanized vehicles aka armor, from APC's to MBT"s.
Hint: south is gone, south-west looks to have little in way of solid Ukrainian forces, north-east is looking fucked and Donbas frontline consists of Ukrainians slowly pushed/retreating towards Dnipr. So if Ukraine holds Kiev for another week, does it matter if rest of the country is gone? Glorious last stands in capital are for movies.
Most people won't care who is in charge, as long as they are fed and goverment leaves them alone. This "PARTISANS!" hype is overrated. You forget that eastern half of the country will be much easier to control as well. "Republics", remember?

Which, given Russia historical treatment of Ukraine and current stated goals as per Putain's little Nuremberg redux, is far from a given.
It's also a pretty silly thing to say when one of the main reasons this entire circus is happening is because Ukrainians already pushed out a puppet government, and that wasn't with the sheer level of material support that they're likely to continue to receive from the West despite what the Putinista trolls like to say about Euromaidan being a Western-backed coup.
Last edited by Elegiac; 2022-03-03 at 06:35 PM.
Originally Posted by Marjane Satrapi
R.I.P. Democracy
"The difference between stupidity
and genius is that genius has its limits."
--Alexandre Dumas-fils
Last edited by Makabreska; 2022-03-03 at 06:40 PM.
Sometimes, the light of the moon is a key to other spaces. I've found a place where, for a night or two, the streets curve in unfamiliar ways. If I walk here, I might find insight, or I might be touched by madness.