Russian Gas ban - A problem for Europe or suicide for Russia?

[Sithara007]

Brent crude has once again dropped below the $80 per barrel level, benefitting nations that consume crude oil. Here in India, we import close to 85% of the crude oil that is consumed (remaining 15% is produced within India), and the recent developments have benefitted us immensely. Even after taking in to account freight and insurance, we are getting Russian crude at a discount of around $10 per barrel. India imported 2.1 million bpd of Russian crude last month, which accounts for 44% of the overall imports. And the story doesn't end there. Since Russian crude is heavily discounted, the Indian refineries are now demanding similar discounts from Iraq as well. We are getting Iraqi crude also at discounted rates (not as large as the discounts on Russian crude though). At the same time, Indian refineries are now exporting huge quantities of refined products such as diesel to foreign nations, boosting their own profits as well as the forex reserves.

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[DrBeer]

^^^ I don't know from where you get this story of Russia selling it's crude at $35 per barrel. At this point, the Indian refiners are purchasing Urals at very close to the market rate. The FOB price is around $65, and another $20 per barrel gets added to it in the form of freight and insurance. So in total we are paying around $85 per barrel for the Urals crude. The crude from Saudi costs around $92 per barrel, including freight and insurance. So the difference is now very minimal. And although some of the banks are refusing to make the payments, there are plenty of alternate options available.

That's exactly what I'm talking about! A naive layman in India is told "yes, we buy at 100+ dollars per barrel, but there is a crisis in the world and a wild shortage of oil, because all the world's oil depends on Russia, you UNDERSTAND!".
After that, they make such smart and tense faces, and go into their offices to laugh at gullible citizens, and count their excess profits. And there is something to consider: 70 dollars of the declared price minus 35 dollars of the real = 35 dollars per barrel into your pocket. In invented you are only 35 dollars deceived? No ! And then plus $ 35 per barrel in the form of final gasoline or diesel fuel that you fill your vehicles with. Well, because oil is expensive! And of course - there is no price of 30-35 dollars, no ))))

PS By the way, your opinion is of interest - why has Rosstat classified oil production statistics in Russia since April 2023?

[serveria.com]

^^^ I don't know from where you get this story of Russia selling it's crude at $35 per barrel. At this point, the Indian refiners are purchasing Urals at very close to the market rate. The FOB price is around $65, and another $20 per barrel gets added to it in the form of freight and insurance. So in total we are paying around $85 per barrel for the Urals crude. The crude from Saudi costs around $92 per barrel, including freight and insurance. So the difference is now very minimal. And although some of the banks are refusing to make the payments, there are plenty of alternate options available.

That's exactly what I'm talking about! A naive layman in India is told "yes, we buy at 100+ dollars per barrel, but there is a crisis in the world and a wild shortage of oil, because all the world's oil depends on Russia, you UNDERSTAND!".
After that, they make such smart and tense faces, and go into their offices to laugh at gullible citizens, and count their excess profits. And there is something to consider: 70 dollars of the declared price minus 35 dollars of the real = 35 dollars per barrel into your pocket. In invented you are only 35 dollars deceived? No ! And then plus $ 35 per barrel in the form of final gasoline or diesel fuel that you fill your vehicles with. Well, because oil is expensive! And of course - there is no price of 30-35 dollars, no ))))

PS By the way, your opinion is of interest - why has Rosstat classified oil production statistics in Russia since April 2023?

And again, no source mentioned and you keep operating with those laughable numbers "$30-35". Where do those numbers come from? Straight outta your ass? Why not $3? Man, it's even funnier shit than "Putin is dying of cancer", "Russia ran out of rockets", "Russia is going to split into 5 independent states" etc... 

[Sithara007]

That's exactly what I'm talking about! A naive layman in India is told "yes, we buy at 100+ dollars per barrel, but there is a crisis in the world and a wild shortage of oil, because all the world's oil depends on Russia, you UNDERSTAND!".
After that, they make such smart and tense faces, and go into their offices to laugh at gullible citizens, and count their excess profits. And there is something to consider: 70 dollars of the declared price minus 35 dollars of the real = 35 dollars per barrel into your pocket. In invented you are only 35 dollars deceived? No ! And then plus $ 35 per barrel in the form of final gasoline or diesel fuel that you fill your vehicles with. Well, because oil is expensive! And of course - there is no price of 30-35 dollars, no ))))

PS By the way, your opinion is of interest - why has Rosstat classified oil production statistics in Russia since April 2023?

The data published by the ministry of finance in Russia claims that tax revenue from oil and gas amounted to $6.91 billion in February 2023. Two-thirds of this amount was accounted by crude oil and petroleum products. Although it is lower compared to February 2022, these numbers mean that Russia was able to sell crude oil at FOB prices between $50 and $60 per barrel, which is close to the levels reported by Indian refineries. And for the month of April, Indian refineries have reported that they are paying more than $60 per barrel for Urals crude. If what you are saying is true (i.e Urals being sold for $35 per barrel), then Russia would actually receive less than $0.5 billion per month as taxes.

[DrBeer]

The data published by the ministry of finance in Russia claims that tax revenue from oil and gas amounted to $6.91 billion in February 2023. Two-thirds of this amount was accounted for by crude oil and petroleum products. Although it is lower compared to February 2022, these numbers mean that Russia was able to sell crude oil at FOB prices between $50 and $60 per barrel, which is close to the levels reported by Indian refineries. And for the month of April, Indian refineries have reported that they are paying more than $60 per barrel for Urals crude. If what you are saying is true (i.e Urals being sold for $35 per barrel), then Russia would actually receive less than $0.5 billion per month as taxes.

Here is such a thing. State statistics of the Russian Federation is a real show in which manipulation of numbers is the basis of the show

True, there are interesting nuances: Rosstat classified statistics on oil production in Russia. The Russian authorities continue to cover up the statistics on key sectors of the economy with a secrecy stamp.
On Wednesday, Rosstat published its monthly report on industrial production, which for the first time did not include data on oil production in the country.
One of the largest industries, which accounts for up to half of the economy's total export earnings, was excluded from open statistics, which provide data on the output of more than 130 of the economy's most important commodities.

According to analytics from Russia, their standard of living is constantly growing, markets are developing, more and more money is coming in, the whole world respects and appreciates them. But in fact - impoverishment, degradation, total budget cuts, market losses, and an unsuccessful search for a way to circumvent sanctions. Russian statistics - this is the last thing you can believe, and then remembering that this is just a total lie

PS Even if you take these figures, compare them with last year's and you will understand how much Russia has lost, even if it deliberately embellished the situation today

[pooya87]

At the same time, Indian refineries are now exporting huge quantities of refined products such as diesel to foreign nations, boosting their own profits as well as the forex reserves.

The refineries these days seem to be very active in many countries and have turned into a big source of income for those countries. The "big shuffle" that I talked about over a year ago has given a life to that industry specially with light oil coming from Russia which is easy to refine (as opposed to the heavy oil found in places like Venezuela and US).

P.S. Another US oil tanker (Niovi) was just seized. This time it is a much bigger one with a capacity of about 2 million barrels of oil... lol

[WatChe]

At the same time, Indian refineries are now exporting huge quantities of refined products such as diesel to foreign nations, boosting their own profits as well as the forex reserves.

The refineries these days seem to be very active in many countries and have turned into a big source of income for those countries. The "big shuffle" that I talked about over a year ago has given a life to that industry specially with light oil coming from Russia which is easy to refine (as opposed to the heavy oil found in places like Venezuela and US).

P.S. Another US oil tanker (Niovi) was just seized. This time it is a much bigger one with a capacity of about 2 million barrels of oil... lol

US has confirmed that Iran had captured its second oil tanker within a week. Both of these captures are at Strait of Hormuz, a very strategically important sea route. Iran has always shown aggression towards usa since the famous revolution of 1979.
What about Iran Oil? How easy it is to refine? And who is biggest importer of Iranian oil despite so many sanctions from USA. The sanctions are so severe that even its energy starved neighbour is not allowed to import oil n gas from Iran.

[stompix]

P.S. Another US oil tanker (Niovi) was just seized. This time it is a much bigger one with a capacity of about 2 million barrels of oil... lol

This was just like that F35 the Iranian army downed only to find out in the morning they've killed 150 Iranian passage on board a civilian plane, right?
So let's go over the FACTS (you know, those things you really dislike) about what happened

- US seizes an Iranian oil tanker in the Indian Ocean
- Iran tries to flex its muscles and seizes an oil tanker - Advantage Sweet which is owned by a Chinese company and kidnaps 23 Indian crew members and a one Russian
https://apnews.com/article/iran-oil-tanker-advantage-sweet-seized-40b8f90bc0484fcd626903eef5faf64c
- One Iranian tanke goes boom
- Iran tries to impress its citizens by seizing another oil tanker, and again owned by a company based in Liberia and operated by A greek company

Of course, the impotent US Navy was just watching, they could move a muscle while they were rolling on the floor thinking how many blowjobs the great Buttaholla is going to have to give Xi to forgive him for his stupidity.

US has confirmed that Iran had captured its second oil tanker within a week.

How could have the US confirmed the capture of its tanker when it was Chinese owned!?
My god what propaganda does to some!

Oh, and back to the subject which is not the US, not Iran, not the great buttaholla, and the European gas which hit another low, and US delivered LNG which is again 6 euros cheaper than Russian gas.
So excluding the Covid period when everything went near zero, if we look at longer data
Russian gas was 21.242 5 years ago and 26.320 10 years ago.
US LNG delivered to Western Europe right now is trading at 32.359.

So a huge 22% , lol!!!!! , increase in gas prices in 10 years. Disaster!
Oh, I forgot to mention that the deposits are refiling already and have passed 60%?
You know, facts!  

[pooya87]

US has confirmed that Iran had captured its second oil tanker within a week. Both of these captures are at Strait of Hormuz, a very strategically important sea route.

The first tanker carrying US oil (Advantage Sweet Owned by a Swiss company called Advantage Tankers LLC) was seized in Oman sea, but yeah it is always easier to intercept vessels in the strait and that's where it usually happens like the British tanker Stena Impero in 2019 while it was being shadowed by a British Royal Navy warship.

Iran has always shown aggression towards usa since the famous revolution of 1979.

To be clear Iran's actions are all reactionary.

What about Iran Oil? How easy it is to refine? And who is biggest importer of Iranian oil despite so many sanctions from USA. The sanctions are so severe that even its energy starved neighbour is not allowed to import oil n gas from Iran.

It too is light oil and easy to refine. In fact most oil we see in the Eastern Bloc (Russia, Iraq, Saudi Arabia, etc.) is light and high quality.

As for importers, it is hard to say because due to sanctions it is not made public. But as far as the media tells us the biggest customer is China.
Other importers include Japan, South Korea, Singapore, US (eg. used for navy as the US senator Ernst revealed), some of the European countries (as the oil tankers routes and some news articles suggest) and I believe India. In these cases usually the purchase is either done under the radar or through third parties at higher prices.

Speaking of problems for Europe, the protests in France has gotten so much more violent in the past couple of weeks. Dozens of police forces were burnt and the civilian casualties is growing in what is more of a civil war than a protest at this point.
On another news cooking pots are illegal in France now

[DrBeer]

Ever since US regime was stupid enough to use the "submarine" story for domestic use the entire regional waters have become unsafe for all US vessels military or otherwise.
After the USS Florida encounter, yesterday the (Swiss?) tanker called Advantage Sweet that was carrying oil for United States and was heading to Houston Texas was seized by Iranian Navy with the nearby United States Fifth Fleet impotently watching the seizure.

https://www.reuters.com/world/us-navy-says-iran-seized-marshall-islands-flagged-oil-tanker-gulf-oman-2023-04-27/

Tell me dear - but to lie always, everywhere, and always twist information - is it some kind of viral disease or tradition?

Let me explain what I mean, do not rush to be offended by the truth

1. We read what you wrote "After the USS Florida encounter, yesterday the (Swiss?) tanker called Advantage Sweet that was carrying oil for United States and was heading to Houston Texas was seized by Iranian Navy with the nearby United States Fifth Fleet impotently watching the seizure."
2. Read how the situation actually looks:
Iran's Fars News agency reported that the tanker Advantage Sweet was hijacked by Iran in the Gulf of Oman after it rammed an Iranian ship last night. The incident took place in the Persian Gulf, which the tanker hastily left.
According to Iranian sources, as a result of the collision, several members of the Iranian ship's crew were killed or missing.
Iranian authorities accuse the crew of the tanker of violating international rules, according to which they were supposed to provide assistance to the crew of the stricken ship.
The Fars News agency writes that after the collision, the tanker turned off the automatic global positioning system and changed its course several times.
The agency also said in a statement that the foreign ship was taken under control in accordance with the decision of the judicial authorities of the Islamic Republic.



original news from iran - And you are singing some nonsense about some kind of fleet on the sidelines

The question is - do you really think that someone will believe you? It's so stupid and primitive to distort the meaning - is it some kind of regional tradition? I will assume that you may all believe everything without even thinking. But there are other people around

[Sithara007]

The refineries these days seem to be very active in many countries and have turned into a big source of income for those countries. The "big shuffle" that I talked about over a year ago has given a life to that industry specially with light oil coming from Russia which is easy to refine (as opposed to the heavy oil found in places like Venezuela and US).

P.S. Another US oil tanker (Niovi) was just seized. This time it is a much bigger one with a capacity of about 2 million barrels of oil... lol

Crude oil was trading at $40 per barrel in 2020. Now it is trading at $80. So even after taking in to account of all the discounts from Russia, and the profits from exporting refined fuel, here in India we are facing a very difficult situation. Only the US and OPEC nations are benefiting from this war, as they are making tens of billions of USD in profit each months by exporting LNG and crude oil to the EU. But countries like India are suffering, as a result of increased prices for LNG, crude oil, wheat, coal and sunflower oil. And obviously, countries like the US who are benefitting from this war doesn't want the conflict to end anytime soon.

[DrBeer]

....
And again, no source mentioned and you keep operating with those laughable numbers "$30-35". Where do those numbers come from? Straight outta your ass? Why not $3? Man, it's even funnier shit than "Putin is dying of cancer", "Russia ran out of rockets", "Russia is going to split into 5 independent states" etc... 

I get the feeling that I'm talking to an embittered, ill-mannered child with a developmental delay Do not be offended, but from the outside your "objections" look exactly like that. You know - when a child does not like reality - he starts yelling "no, it's not like that, I know better..." and you are also primitively rude, as if expressing your thought differently, you just don't have enough intelligence

I give you the key phrase "Reuters: Russia sells oil to India for only $32-35 per barrel: this is half the market price" - I'm sure you should at least be able to use search engines

And I strongly recommend that you study the oil market. How it is sold and what is the "here and now" price and how it differs from global supply, as well as what is the level of discount and the cost of insurance, freight, logistics costs, and who pays them. And if you know how to count and carry out simple arithmetic operations, you will be able to understand what the real cost of oil from terrorists is

[serveria.com]

....
And again, no source mentioned and you keep operating with those laughable numbers "$30-35". Where do those numbers come from? Straight outta your ass? Why not $3? Man, it's even funnier shit than "Putin is dying of cancer", "Russia ran out of rockets", "Russia is going to split into 5 independent states" etc...  

I get the feeling that I'm talking to an embittered, ill-mannered child with a developmental delay Do not be offended, but from the outside your "objections" look exactly like that. You know - when a child does not like reality - he starts yelling "no, it's not like that, I know better..." and you are also primitively rude, as if expressing your thought differently, you just don't have enough intelligence

I give you the key phrase "Reuters: Russia sells oil to India for only $32-35 per barrel: this is half the market price" - I'm sure you should at least be able to use search engines

And I strongly recommend that you study the oil market. How it is sold and what is the "here and now" price and how it differs from global supply, as well as what is the level of discount and the cost of insurance, freight, logistics costs, and who pays them. And if you know how to count and carry out simple arithmetic operations, you will be able to understand what the real cost of oil from terrorists is

Muahaha, you're truly retarded. Check the date on that article you're referring to. You know what a date is? It's a combination of umm... letters and numbers normally located under the heading.    And you know what, the article you're referring to is dated December 14, 2022. So about half a year ago!

And now, my little retarded friend, a reality check for you: Google (if you know how to Google) this article from Reuters too: India and China snap up Russian oil in April above 'price cap' dated April 18, 2023! I'll even quote it for you here:

That means the Urals price on a free on board (FOB) basis in Baltic ports, allowing about $2 per barrel of additional transport costs, has been slightly above $60 per barrel so far in April, Reuters calculations show.

Check and mate! Knockout! Or whatever else you may call it.

Now I'm waiting impatiently for a new fresh chunk of BS and propaganda lies from you.  

[DrBeer]

Muahaha, you're truly retarded. Check the date on that article you're referring to. You know what a date is? It's a combination of umm... letters and numbers normally located under the heading.    And you know what, the article you're referring to is dated December 14, 2022. So about half a year ago!

And now, my little retarded friend, a reality check for you: Google (if you know how to Google) this article from Reuters too: India and China snap up Russian oil in April above 'price cap' dated April 18, 2023! I'll even quote it for you here:

That means the Urals price on a free on board (FOB) basis in Baltic ports, allowing about $2 per barrel of additional transport costs, has been slightly above $60 per barrel so far in April, Reuters calculations show.

Check and mate! Knockout! Or whatever else you may call it.

Now I'm waiting impatiently for a new fresh chunk of BS and propaganda lies from you.  

Too bad you don't use your brain
I did not just suggest that you study how the oil market works. And what is the price of oil... Okay, I'll give a lesson again, for the general development of the undeveloped

The fact that you can find an article where someone bought oil at the price that excites you is your merit But the reality is far from this.
1. Market manipulation. There is such a topic. And this Russia is trying to use. Official applications can be made for $100. But here you need to understand the features of the two main buyers - India and China. Provided that now India buys most of the Urals oil. This, as they say, is nothing personal - just business and a little oriental magic. I explain:
The DECLARED price and the real one, in the case of India buying oil, is a very cunning interweaving of corruption, oriental fairy tales and the same oriental trick.
Corruption is the first and very important. In India, the government, to put it mildly, easily and cynically profits from its population. Where will the population go - from "expensive gasoline"? Nowhere. Therefore, an opinion is being formed that oil is expensive = expensive gasoline, and 50% of the margin is in the pocket of the "caring government".
Tales and tricks of the East: As you know, oil deals between Russia and India are in Indian rupees. India pays for Russian oil in RUPIECES And now we are thinking - where does the price come from in DOLLARS? The first answer is - well, there are cross-rates, the ruble to the dollar and the rupee to the dollar, and the answer is how such a NOMINAL price is obtained. All right. But the exchange rate of the ruble against the dollar is artificial, from the word ABSOLUTELY. Therefore, due to a little manipulation, we get a NOMINAL HIGH PRICE. In reality, India does not pay Russia 60 real dollars


2. For children with a developmental delay, it is customary to present information in pictures - for better perception. I prepared this for you - oil prices. Don't forget the previous point!
And once again - this is the price "come and buy now", i.e. maximum. Any contracted "long deal" ALWAYS comes with discounts, and that's 20-40%. Then try to think about what I said



PS I am glad that you began to react cheerfully, and strain yourself at least by searching for information on the Internet, and even its superficial analysis. Do not thank for the progress in your development - I do it from the bottom of my heart

[serveria.com]

Muahaha, you're truly retarded. Check the date on that article you're referring to. You know what a date is? It's a combination of umm... letters and numbers normally located under the heading.    And you know what, the article you're referring to is dated December 14, 2022. So about half a year ago!

And now, my little retarded friend, a reality check for you: Google (if you know how to Google) this article from Reuters too: India and China snap up Russian oil in April above 'price cap' dated April 18, 2023! I'll even quote it for you here:

That means the Urals price on a free on board (FOB) basis in Baltic ports, allowing about $2 per barrel of additional transport costs, has been slightly above $60 per barrel so far in April, Reuters calculations show.

Check and mate! Knockout! Or whatever else you may call it.

Now I'm waiting impatiently for a new fresh chunk of BS and propaganda lies from you.  

Too bad you don't use your brain
I did not just suggest that you study how the oil market works. And what is the price of oil... Okay, I'll give a lesson again, for the general development of the undeveloped

The fact that you can find an article where someone bought oil at the price that excites you is your merit But the reality is far from this.
1. Market manipulation. There is such a topic. And this Russia is trying to use. Official applications can be made for $100. But here you need to understand the features of the two main buyers - India and China. Provided that now India buys most of the Urals oil. This, as they say, is nothing personal - just business and a little oriental magic. I explain:
The DECLARED price and the real one, in the case of India buying oil, is a very cunning interweaving of corruption, oriental fairy tales and the same oriental trick.
Corruption is the first and very important. In India, the government, to put it mildly, easily and cynically profits from its population. Where will the population go - from "expensive gasoline"? Nowhere. Therefore, an opinion is being formed that oil is expensive = expensive gasoline, and 50% of the margin is in the pocket of the "caring government".
Tales and tricks of the East: As you know, oil deals between Russia and India are in Indian rupees. India pays for Russian oil in RUPIECES And now we are thinking - where does the price come from in DOLLARS? The first answer is - well, there are cross-rates, the ruble to the dollar and the rupee to the dollar, and the answer is how such a NOMINAL price is obtained. All right. But the exchange rate of the ruble against the dollar is artificial, from the word ABSOLUTELY. Therefore, due to a little manipulation, we get a NOMINAL HIGH PRICE. In reality, India does not pay Russia 60 real dollars


2. For children with a developmental delay, it is customary to present information in pictures - for better perception. I prepared this for you - oil prices. Don't forget the previous point!
And once again - this is the price "come and buy now", i.e. maximum. Any contracted "long deal" ALWAYS comes with discounts, and that's 20-40%. Then try to think about what I said



PS I am glad that you began to react cheerfully, and strain yourself at least by searching for information on the Internet, and even its superficial analysis. Do not thank for the progress in your development - I do it from the bottom of my heart

Whoa, that's exactly what I expected - fresh load of lies and BS. 

In reality, India does not pay Russia 60 real dollars

Which reality? Your own imaginary one?  You have provided absolutely no proof, you realize that? I can write whatever I like without providing sources too, just bla-bla-bla.

But this one, this one is a real gem:
 

First time in history a person refutes his own statement. You have a vegetable IQ, do you? Actually even lower, a negative below-zero IQ 

You mentioned here previously many times that the price of Russian oil is ~$30-$32-$35. This chart you provided shows that the average Urals oil price is around $55. So you're actually retarded enough to debunk your own lies? 

[pooya87]

And you are singing some nonsense about some kind of fleet on the sidelines

It's not my fault that you have no access to google, have no idea what 5th fleet is, what it's area of operation and its purpose for operating there is and who published the video of the seizure

[DrBeer]

And you are singing some nonsense about some kind of fleet on the sidelines

It's not my fault that you have no access to google, have no idea what 5th fleet is, what it's area of operation and its purpose for operating there is and who published the video of the seizure

Yeah, we decided to pretend that we did not understand
Well, let me always explain to you - as for children, "in pictures", it's not difficult for me

You are trying to say the following: on the street "May 1" a loaded truck rammed a trolleybus. The police pursued and detained the intruder. But the US strategic aircraft carrier cowardly hid in the ocean without trying to intervene in the situation
Do you understand? For some reason, you tried to tie the 5th fleet to an ordinary incident, where there is a ship that violates the rules of navigation and which was detained quite legally. In your opinion, the 5th fleet should have intervened and protected the criminal? For laws, there is no separation on this one can be violated, but this one cannot. Your logic is strange! And a pronounced desire to pass off your fantasy as reality

[Sithara007]

Proxies related to the Russian government setup a ghost company called Gatik Ship Management in India almost one year ago. Since then, this ghost company has amassed 61 oil tankers (fleet growing with each passing month) and is now shipping a majority of the Russian crude oil that is destined to India. As far as I know, this ghost company is controlled by a few Russian oligarchs. India is receiving Russian crude at a discount of $5 to $10 per barrel (after including freight and insurance) and a large part of the difference between FOB price and DAP price is eaten up by Russian proxies.

More details here:

https://www.telegraphindia.com/business/whats-up-at-mysterious-mumbai-tanker-firm-thats-one-of-worlds-biggest-since-the-ukraine-war/cid/1934774

[DrBeer]

...........

Sorry, I didn’t read your answer right away, I thought it was another nonsense .. I re-read it - it turned out to be another nonsense

I understand your position. You don't need a dialogue, you need a "bazaar squabble, primitive traders" Sorry - this is not my profile, I'll even "lose" you in this battle with pleasure
Believe me - to argue with a fool, this means I will have to sink to your level, where you have huge advantages - you can say anything, insult, manipulate, just behave like a "monkey". Enjoy the victory... on your intellectual bottom

And by the end of this year, we will return to the story about oil, and how "Russia managed to get around the sanctions", and how its "friends" - India and China - saved it .... Oh, more precisely, "undressed" and then abandoned it. You can write down this prediction

[OgNasty]

This Russian gas ban is seemingly having an unintended effect of Russia finding new partners willing to launder their natural resources and setup new methods of trade that bypass the American dollar. I think we’ve reached the point where the tighter the US clenches it’s grasp, the more the world slides out from our palms.