Wheat War I is going to be World War III

[Sithara007]

^^^^ LOL.. the Americans should consider themselves lucky. $5.68 per gallon means just $1.50 per liter. The pump prices in countries such as Germany and Turkey are almost double that much. The United States produce most of the oil and gas which they consume and they are fortunate that they don't have a great number of Green Party tree-huggers in their country. If that was the case, then they will be dealing with prices of more than $10 per gallon. The best example is that of Norway. They are one of the largest gas/oil exporters. Still diesel costs around $9 per gallon there.

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[DrBeer]

More and more countries are being involved into wheat conflict. Now it is Turkey, as Ukraine says Russian ship carrying Ukrainian grain detained by Turkey. This is either fake or propaganda (but the sources, CNBC has a good reputation), or soon relationship between Russia and Turkey will be shaken.

I will put down question of this wheat origin, I am more interested in what will happen to this wheat. Can it be simply held, as I expect this ship to be under arrest or investigation for a long period, or this wheat will be spoiled in the end. When there are short of wheat in the world, loosing supply is a big no or failure.

What do you think is fake? What is Russia stealing? So she does it all the time, and not only in Ukraine!
Regarding grain - from the territory temporarily occupied by terrorists of the regions of Ukraine, the terrorists (Russians) first exported grain and other agricultural products "quietly", hoping that this would not be noticed. After hundreds and thousands of photo and video materials appeared of how it was stolen, how it was loaded and on what vehicles, to which ports it was carried and on which ships it was loaded, the Russians decided not to hide the theft. Now they are absolutely openly discussing on the central TV channels how they will now dispose of the "extracted" resources! How lucky they are, how they will sell grain, or even give someone as a gift, because "they can afford it." The country is a terrorist, the country is a thief, what surprises you?

[stompix]

The best example is that of Norway. They are one of the largest gas/oil exporters. Still diesel costs around $9 per gallon there.

Yeah, the biggest moroons you can find in the universe those Norwegians.
Imagine that, taxing gasoline and putting the money in a welfare fund is what, the largest sovereign fund the world, and holding 60% of the funds all welfare and social funds in whole China do?
Cleary a stupid idea, imagine taxing gasoline so much and putting aside a measly $300 000 per citizen, that's peanuts, only 70 years of average working in India,  that must be the reason why India doesn't even have one. It's so damn stupid even Putin tried to copy it, of course with the efficiency of an S400 guarding an ammo depot against a himars strike.

It's so stupid that even a retarded would see the better choice was to subsidize gas like Venezuela did, every expert that freezes and unfreezes germans every single day of the 40 days of the month on this forum would agree it's a bad idea.
And look at the consequence,  Norway is up there on this list:
 https://www.globalpetrolprices.com/articles/85/
damn, it must be magic! Or it must be the work of somebody who knows how the economy works and what planning ahead means.

[Sithara007]

The best example is that of Norway. They are one of the largest gas/oil exporters. Still diesel costs around $9 per gallon there.

Yeah, the biggest moroons you can find in the universe those Norwegians.
Imagine that, taxing gasoline and putting the money in a welfare fund is what, the largest sovereign fund the world, and holding 60% of the funds all welfare and social funds in whole China do?
Cleary a stupid idea, imagine taxing gasoline so much and putting aside a measly $300 000 per citizen, that's peanuts, only 70 years of average working in India,  that must be the reason why India doesn't even have one. It's so damn stupid even Putin tried to copy it, of course with the efficiency of an S400 guarding an ammo depot against a himars strike.

It's so stupid that even a retarded would see the better choice was to subsidize gas like Venezuela did, every expert that freezes and unfreezes germans every single day of the 40 days of the month on this forum would agree it's a bad idea.
And look at the consequence,  Norway is up there on this list:
 https://www.globalpetrolprices.com/articles/85/
damn, it must be magic! Or it must be the work of somebody who knows how the economy works and what planning ahead means.

Well.. it is a stupid thing to do. Diesel without any taxes would be $4 per gallon. Taxing at a rate of 20% or 30% is still OK. Norway is taxing it at >100%. Norway is a small country of 5 million people. What they want to do with a trillion USD SWF, where majority of the assets are denominated in US Dollar? Effectively they are subsidizing the Americans, by strengthening their national currency. IMO, that money should be better spent, by giving it back to the people, or by using it for various infrastructure projects.

[stompix]

Well.. it is a stupid thing to do.

Yeah, of course, says the one who thought a month has 40 days, that Ukraine will be conquered in two weeks, and just yesterday that the oil price will still be able to go to 200$, knowing you you're right now probably crying that oil is getting cheap right?
The ones having a 1 trillion fund are stupid, their 6.3% annual return is also stupid, they should just have that money over to be spent instead of "strengthing" the us dollar, right? Oh, and they should probably ditch their 13 billion investment in Indian companies and they're 34 billion in Chinese companies, with the * that that money is on public tarded companies on their own stock exchange!

But I already know, germans will freeze to death, euros is going to collapse, the Europeans are stupid, and only the anonymous genius here on bitcointalk by his name Sithara007, is right. We should really put you in charge of some international fund, I'm sure in the multitude of offers you're receiving every day there must be at least one or two, right?

Btw, since this topic of doom and gloom has been opened:
- wheat prices have gone down -21.45%%
- oil prices are down -12.84%
- Eu cereals are going to increase to record high since 2014
- and the final nail in the coffin for some morons that thought the EU will not have any sunflower oil anymore

EU oilseed production is forecast at 32.1 million tonnes (+7.8% / 5-year average), including a record 11.1 million tonnes of sunflower seed, allowing to compensate for the loss of supplies from Ukraine.

, or about the same as Russia (23 million) and Ukraine combined  ( 12 million).

Must be really painful for some...but that's the nice thing reality does

[pooya87]

^^^^ LOL.. the Americans should consider themselves lucky. $5.68 per gallon means just $1.50 per liter. The pump prices in countries such as Germany and Turkey are almost double that much. The United States produce most of the oil and gas which they consume and they are fortunate that they don't have a great number of Green Party tree-huggers in their country. If that was the case, then they will be dealing with prices of more than $10 per gallon. The best example is that of Norway. They are one of the largest gas/oil exporters. Still diesel costs around $9 per gallon there.

Countries that are producing their own needs usually have lower prices, for example gas here is worth about $0.04 per liter but the price itself is not important the rise is. What the fuel price rise does is that it increases production cost for almost everything.
For example when diesel and gas prices rise, the farmer would have to spend more money to run their combines, tractors,... and the trucks that transport their goods to consumers would also have increased cost. That means food prices would go up a lot too.

This is partly why the inflation is still on the rise and both US and EU are reporting decades high rates. As Gentiloni, the European Commissioner for Economy, recently said the economy is weakening and the inflationary pressure still remains strong. Food prices, although the market calmed down a bit, are still 30% higher compared to last year, and are expected to rise more. This is while wages have not gone up nearly as much and unemployment is on the rise, this is despite the growth happening after the relaxation of containment measures.

[ChrisPop]

The situation is not looking good, I'll say that. Economic warfares and especially large ones like the one we are facing generally transform in full-blown military ones. I pray to God that doesn't happen, but realistically speaking the political relations between China, Russia, USA and Europe are very fragile right now. Nuclear attack defense precautions were aired on public TV in the United States - what clearer sign do we need?

When you add to this the economic recession and the possible future waves of COVID you can paint a really dire situation.

[bakasabo]

Countries that are producing their own needs usually have lower prices

To bad that does not work for my country. For example all produced food must meet unite euro standard. I know that our farmers that produce milk cant sell it directly on our market. They must import it to a country that has a "milk factory" ( I dont know a proper word for that). There milk is getting "cleaned", something got added into it, packaged and imported back to us. Such a stupid milk cycle that only increases its price. Our own milk cost for us more than it cost in foreign shops.

[DrBeer]

Diesel price rise is the next problem that farmers have to deal with which would decrease production leading to shortage and even more increased prices. It's not just gas prices that go up specially in US that is currently averaging at $5.14 the Diesel price is soaring and has gone up 57% over the past couple of months.

This doesn't just affect crops, it affects livestock too which we can clearly see in the increase meat prices in the West.

P.S. Speaking of US what is going on with the series of fires in food industry facilities all over America? There has been over 100 of them in the past year and they are only increasing in numbers. It's not just that, there are increasing number of fires in energy industry facilities too! The most recent one was in Oklahoma (5 days ago) which was so big that caused a 1.74 magnitude earthquake.

In the USSR, there was also a thick layer of science fiction writers who expected the collapse of the United States
That dollar should have ceased to have value. Then in the United States there was to be a revolution of the working class, envious, of course, of the USSR.
As the USSR faded, fantasies became crazier - for example, that the Yellowstone volcano should explode. And this is exactly what Vanga predicted! And this means that this event should happen any day, and the United States will definitely not
And then, the USSR suddenly began to squeal "oh! and who shit in our pants!? No, we didn’t shit ourselves, it was someone who shitted us in our underpants! These are all insidious Americans." After that, the USSR collapsed loudly. Of course, you have the right to fantasize about how American farmers will go bankrupt, it obviously warms your soul But it’s better to make sure that when Russia “gets up off its knees” again, someone throws at least a crust of bread when you once again beg everyone has handouts. Now Russia has become a world outcast country, to which no one will ever lend a helping hand ... And you worry about the farmers!

[bitgov]

The situation is not looking good, I'll say that. Economic warfares and especially large ones like the one we are facing generally transform in full-blown military ones. I pray to God that doesn't happen, but realistically speaking the political relations between China, Russia, USA and Europe are very fragile right now. Nuclear attack defense precautions were aired on public TV in the United States - what clearer sign do we need?

When you add to this the economic recession and the possible future waves of COVID you can paint a really dire situation.

I wonder - when the whole world was going through post COVID crisis why did Russia attack Ukraine.
There are people dying already in the whole world and they want to kill the people - and this inflation is killing us.

[edgycorner]

Good for people like me who got celiac   

[Ahli38]

Now I am starting to think further about the economic crisis that has hit almost all parts of the world. If we collect all the news from every country related to the current economic crisis, it seems that it is getting worse day by day. even the latest news from the IMF, related to inflation in the United States (US) has jumped to 9.1%. This figure is said to be the highest in 40 years. if conditions like this continue then world war III is in sight. because hunger is now starting to increase in some countries. food is the only thing that must be a priority at this time. wheat, rice and other staples will be an important thing that every country really has to think about. And for the EU, which is used to imports, the impact will be felt. because now each country will not focus too much on exporting because each country will focus on meeting the needs of its own country. When big countries with great powers are already squeezed with their limited food needs, it is not impossible that there will be invasions into several countries that have enough food for them to take.
lucky i'm in a country that doesn't depend on imported materials. because in my country food is easy to get because my country is one of the largest food producing countries. because the farmers here have started to get used to managing the land without fertilizer manufacturers. farmers have started to use organic fertilizers and make natural decomposers for fermentation that can be used to make fertilizers and feeds such as EM4 and POC.

[DrBeer]

A few words about oil.

1. Yesterday's news - Saudi Crown Prince Mohammed bin Salman, at the request of the United States, announced an increase in oil production to 13 million barrels per day (currently at 10 million). That is, the market will receive 3 million barrels more daily. Is it a lot or a little?
Let's calculate: The level of Russian oil supplies to the EU market is 2.4 million barrels (reference: According to the International Energy Agency (IEA), Russia exported 2.4 million barrels of oil per day to the EU in 2021 - this is slightly more than half of all exports). The total volume of daily sales is approximately 4.6 million barrels per day.
Answer: Saudi Arabia will replace 65% of ALL Russian oil, just by slightly raising production. Or 125% of the EU requirement. It is possible that part of the oil will also go to the United States, and farmers will be saved.

2. Iran. Southern Azadegan. Who does not know - a large oil field in Iran, separated from the Azadegan field in 2006. Recoverable oil reserves in Azadegan are 9 billion barrels (about 1.2 billion tons), or 1/8 of ALL RESERVES of Russian oil (mostly difficult to produce). Now the field is already producing oil and is actively developing.

By the way, the daily production of natural gas at the 11th phase of the South Pars field will be 14 million cubic meters!

At the same time, I do not exclude at all that such countries as Venezuela, Iran - can make a "deal with the investigation", or rather with the United States and in exchange for oil supplies to the US market (primarily Venezuela), and the EU (more likely Iran), and gain more loyalty and lift some sanctions....

What am I for?
1. Russian oil exports will irreversibly lose the European market. At what without harm to the EU but with huge losses for Russia.
2. Will the active development of production in Iran lead to increased price competition in the Chinese and Indian hydrocarbon markets? Why ? Because only they buy oil in huge volumes from rogue countries, and will use the situation exclusively for their own benefit, I understand perfectly well that these countries have no other buyers, and there are no dimensionless oil storage facilities, and conservation of production is even more expensive.
3. Countries dependent on Russia's "antics" in the hydrocarbon market will very quickly find adequate suppliers, and in the short term the problem will be solved.

[bitgov]

1. Russian oil exports will irreversibly lose the European market. At what without harm to the EU but with huge losses for Russia.
2. Will the active development of production in Iran lead to increased price competition in the Chinese and Indian hydrocarbon markets? Why ? Because only they buy oil in huge volumes from rogue countries, and will use the situation exclusively for their own benefit, I understand perfectly well that these countries have no other buyers, and there are no dimensionless oil storage facilities, and conservation of production is even more expensive.
3. Countries dependent on Russia's "antics" in the hydrocarbon market will very quickly find adequate suppliers, and in the short term the problem will be solved.

This is the whole propaganda. This is not going to happen
Some news show as if the world is going to collapse - and this will never happen. Be positive and everything will be okie.

[DrBeer]

1. Russian oil exports will irreversibly lose the European market. At what without harm to the EU but with huge losses for Russia.
2. Will the active development of production in Iran lead to increased price competition in the Chinese and Indian hydrocarbon markets? Why ? Because only they buy oil in huge volumes from rogue countries, and will use the situation exclusively for their own benefit, I understand perfectly well that these countries have no other buyers, and there are no dimensionless oil storage facilities, and conservation of production is even more expensive.
3. Countries dependent on Russia's "antics" in the hydrocarbon market will very quickly find adequate suppliers, and in the short term the problem will be solved.

This is the whole propaganda. This is not going to happen
Some news show as if the world is going to collapse - and this will never happen. Be positive and everything will be okie.

The problem, for those who do not believe in this prediction, is that there has already been an identical case in history. Moreover, which is very important - last time it was essentially the same Russia! History is cyclical, and Russia is trying to prove it to us with its experience
Moreover, the analogy is more than clear - from the sanctions applied to the USSR / RF, to the conduct of a sadistic terrorist war in the neighboring country of Afghanistan / Ukraine. Moreover, there are many other events that will simply lead to the fact that Russia will remain isolated from the main market, and become an appendage of China and let there be India. But on this "friendship" you will not raise the Russian economy, and even more so you will not save it. The problem is that China and India will squeeze out of Russia, for a penny, everything they need (oil / gas), and then they will be thrown out like an unnecessary bald, dystrophic kitten. China benefits and even needs economic relations with the West, on which it is highly dependent. China's export-oriented economy! And Russia is not a market, it is a raw material appendage. Who will China choose?

[pooya87]

In the USSR,

It's cute that you think I care about USSR or Russia for that matter

1. Yesterday's news - Saudi Crown Prince Mohammed bin Salman, at the request of the United States, announced an increase in oil production to 13 million barrels per day (currently at 10 million). That is, the market will receive 3 million barrels more daily. Is it a lot or a little?

First we have to see if they actually increase production that much and if Aramco is going to blow up again cutting the current production by another 50% dropping 10 million to 5!
By the way EU imports between 13 to 15 million barrels of oil per day.

2. Iran. Southern Azadegan. Who does not know - a large oil field in Iran, separated from the Azadegan field in 2006. Recoverable oil reserves in Azadegan are 9 billion barrels (about 1.2 billion tons), or 1/8 of ALL RESERVES of Russian oil (mostly difficult to produce). Now the field is already producing oil and is actively developing.

None of it will go to the West though.
Iran is selling some small amounts to the West which there is no plan to increase it in near term. For example we recently learned from the US senator that the US Navy, the same Navy that idiot called Trump threatened Iran with, has been running on Iranian fuel LOL.

By the way, the daily production of natural gas at the 11th phase of the South Pars field will be 14 million cubic meters!

Same with gas, none of it will go to the West.

At the same time, I do not exclude at all that such countries as Venezuela, Iran - can make a "deal with the investigation", or rather with the United States and in exchange for oil supplies to the US market (primarily Venezuela), and the EU (more likely Iran), and gain more loyalty and lift some sanctions....

Although when it comes to politics we can't talk in absolutes but this is not possible. You see the problem is that more than 60% of the world is under US sanctions one way or another. So at some point it is US that is under sanction by the majority of the world.

What you are also forgetting is that the current war is between East and West not between Russia and Ukraine.
In this face off, Iran is in the Eastern bloc and is becoming the center of all trades. In other words there hasn't been any need to export anything (more than what existed for years) to the "West".
South America is also a region that US has been losing for some time, almost all countries there are moving to Anti-US governments and most of them are playing with the Eastern bloc too. Fun fact: for the first time in history a foreign super power (Iran) is going to hold military drills close to US waters next month with Venezuela (bye bye Monroe Doctrine haha).

1. Russian oil exports will irreversibly lose the European market. At what without harm to the EU but with huge losses for Russia.

Russian economy is harmed and will be harmed but nowhere near as much as EU economy is and will be.
Remember the Iranian tanker that Greece seized and was later forced to give back? That is carrying Russian oil to Western Europe.
In other words EU will continue funding the Russian invasion.

2. Will the active development of production in Iran lead to increased price competition in the Chinese and Indian hydrocarbon markets?

No because there is an alliance between Iran and China which India also wants to be part of. Not to mention that the increased production is because of increased demand, all of which came from the East not the West since Iran is still under Western sanctions (or as I said West is under Iranian sanctions, yesterday alone 61 Americans were sanctioned by Iran).

I understand perfectly well that these countries have no other buyers,

Iran has been selling its energy to more than a hundred different countries including United States.

3. Countries dependent on Russia's "antics" in the hydrocarbon market will very quickly find adequate suppliers, and in the short term the problem will be solved.

It's been 5 moths bro, how much longer is "short term"?

[DrBeer]

1. Yesterday's news - Saudi Crown Prince Mohammed bin Salman, at the request of the United States, announced an increase in oil production to 13 million barrels per day (currently at 10 million). That is, the market will receive 3 million barrels more daily. Is it a lot or a little?

First we have to see if they actually increase production that much and if Aramco is going to blow up again cutting the current production by another 50% dropping 10 million to 5!
By the way EU imports between 13 to 15 million barrels of oil per day.

Look how interesting it turns out - you believe the idiotic propaganda from the Kremlin and take their statements as the only truth, but here "you still have to look" Do not measure everything in Russia - they systematically lie only in Russia! What you will soon see!

2. Iran. Southern Azadegan. Who does not know - a large oil field in Iran, separated from the Azadegan field in 2006. Recoverable oil reserves in Azadegan are 9 billion barrels (about 1.2 billion tons), or 1/8 of ALL RESERVES of Russian oil (mostly difficult to produce). Now the field is already producing oil and is actively developing.

None of it will go to the West though.
Iran is selling some small amounts to the West which there is no plan to increase it in near term. For example we recently learned from the US senator that the US Navy, the same Navy that idiot called Trump threatened Iran with, has been running on Iranian fuel LOL.

I absolutely agree that Iran will not sell everything to the West. I even wrote below - everything will go to the markets of China and India, where Iran will compete by dumping oil supplies. You don't need anything else

At the same time, I do not exclude at all that such countries as Venezuela, Iran - can make a "deal with the investigation", or rather with the United States and in exchange for oil supplies to the US market (primarily Venezuela), and the EU (more likely Iran), and gain more loyalty and lift some sanctions....

Although when it comes to politics we can't talk in absolutes but this is not possible. You see the problem is that more than 60% of the world is under US sanctions one way or another. So at some point it is US that is under sanction by the majority of the world.

What you are also forgetting is that the current war is between East and West not between Russia and Ukraine.
In this face off, Iran is in the Eastern bloc and is becoming the center of all trades. In other words there hasn't been any need to export anything (more than what existed for years) to the "West".
South America is also a region that US has been losing for some time, almost all countries there are moving to Anti-US governments and most of them are playing with the Eastern bloc too. Fun fact: for the first time in history a foreign super power (Iran) is going to hold military drills close to US waters next month with Venezuela (bye bye Monroe Doctrine haha).

About the fact that adamant Russia here is destroying the rotten West, I have been hearing this nonsense for the last 3-4 months ... Since the "great Russia" got into its stupid snout from the Ukrainians, and ran away with a screech from almost half of the occupied territories. I'm sure you noticed how the controversy of the Kremlin propagandists has changed. At first, they gathered heroically and easily to "denify" Ukraine, and after they got hit in the face, they suddenly began to fight with the West. The reason is simple - you can’t tell the Russian cattle, the consumer of propaganda, that they were actually fucked by the Armed Forces of Ukraine, which, according to the very propaganda, should have surrendered and scattered in the first weeks! So I had to invent a new fairy tale for unicellular
In short, don't repeat this nonsense anymore, you look stupid, no offense

1. Russian oil exports will irreversibly lose the European market. At what without harm to the EU but with huge losses for Russia.

Russian economy is harmed and will be harmed but nowhere near as much as EU economy is and will be.
Remember the Iranian tanker that Greece seized and was later forced to give back? That is carrying Russian oil to Western Europe.
In other words EU will continue funding the Russian invasion.

I agree, guess!
For some time, due to the impossibility of a quick (months) change in supplies, or rather the ways of supplying gas and oil, the EU, namely Germany, France, most likely Italy and Hungary, will still continue to buy oil and gas in Russia. But this volume will constantly decrease. And in 2-3 years, this flow will dry up. That's right, it will be!

2. Will the active development of production in Iran lead to increased price competition in the Chinese and Indian hydrocarbon markets?

No because there is an alliance between Iran and China which India also wants to be part of. Not to mention that the increased production is because of increased demand, all of which came from the East not the West since Iran is still under Western sanctions (or as I said West is under Iranian sanctions, yesterday alone 61 Americans were sanctioned by Iran).

China, and most likely India, has no partners. The largest countries and economies of the region have only raw material appendages - the same Iran, the same Russia Tell me what is more profitable for China and India in economic relations - the EU and the US markets, which have an almost limitless size for sale and pay with strong currency, or impoverished, backward Russia with a resource economy? With whom will they really "be friends", and whom will they "use" for their own benefits?

3. Countries dependent on Russia's "antics" in the hydrocarbon market will very quickly find adequate suppliers, and in the short term the problem will be solved.

It's been 5 moths bro, how much longer is "short term"?

[/quote]
Don't worry bro - since the new year they are introducing an embargo on the purchase of Russian oil in the EU - we will continue at the end of the first quarter, do not forget to take the 1Q23 report for comparison with 1Q22 on the execution of the Russian budget in terms of oil revenues

[bitgov]

The problem, for those who do not believe in this prediction, is that there has already been an identical case in history. Moreover, which is very important - last time it was essentially the same Russia! History is cyclical, and Russia is trying to prove it to us with its experience
Moreover, the analogy is more than clear - from the sanctions applied to the USSR / RF, to the conduct of a sadistic terrorist war in the neighboring country of Afghanistan / Ukraine. Moreover, there are many other events that will simply lead to the fact that Russia will remain isolated from the main market, and become an appendage of China and let there be India. But on this "friendship" you will not raise the Russian economy, and even more so you will not save it. The problem is that China and India will squeeze out of Russia, for a penny, everything they need (oil / gas), and then they will be thrown out like an unnecessary bald, dystrophic kitten. China benefits and even needs economic relations with the West, on which it is highly dependent. China's export-oriented economy! And Russia is not a market, it is a raw material appendage. Who will China choose?

This Russian war after COVID  war has moved the world all together, But I am not sure about this wheat war.
This is a total propaganda and this will not happen any time sooner.

[pooya87]

Look how interesting it turns out - you believe the idiotic propaganda from the Kremlin and take their statements as the only truth, but here "you still have to look" Do not measure everything in Russia - they systematically lie only in Russia! What you will soon see!

Your insisting on repeating the same idiotic statement is so funny. For your information they said they may increase production to 13 million bpd by 2027 meaning in 5 years not tomorrow or this month or this year.
Not to mention that Saudis are already at war with Yemen and each time they break the cease fire and bomb cities, the Yemenis retaliate by targeting the Saudi infrastructure that includes their oil facilities.

So yeah, we have to wait and see how much of it they can actually fulfill.

I absolutely agree that Iran will not sell everything to the West. I even wrote below - everything will go to the markets of China and India, where Iran will compete by dumping oil supplies. You don't need anything else

Again it has been 5 months and prices have been rising not dumping.

About the fact that adamant Russia here is destroying the rotten West, I have been hearing this nonsense for the last 3-4 months

You've only been listening for the past 3-4 months since you are knee deep in propaganda, this war has been going on for at least 4 decades. It is also not Russia versus the West, it is East versus the West. In fact Russia is the last participant that used to be playing for the West. You seem to have forgotten that Putin once wanted to join NATO!!!

It is also not "destroying" the West, it weakens the West since it is the process of the world moving from a unipolar world to a multipolar world and that change comes with a lot of conflicts, Ukraine invasion is one of them.

the EU, namely Germany, France, most likely Italy and Hungary, will still continue to buy oil and gas in Russia. But this volume will constantly decrease. And in 2-3 years, this flow will dry up.

Let's come back to this in a couple of months when the temperature drops.

China, and most likely India, has no partners. The largest countries and economies of the region have only raw material appendages - the same Iran, the same Russia Tell me what is more profitable for China and India in economic relations - the EU and the US markets, which have an almost limitless size for sale and pay with strong currency, or impoverished, backward Russia with a resource economy? With whom will they really "be friends", and whom will they "use" for their own benefits?

Both, they can't have one without the other. In fact if you look at China's behavior in  the past decades you can clearly see that they want relations with everyone because they can't afford to choose only one side. For example they can't sell crap to EU if they don't have the Iranian energy. Not to mention that both EU and US markets are too fragile and unreliable to only depend on them, we can see how their economy is shrinking fast these days. And that's without the sanctions and trade wars that US keeps starting against China.

But China is still defined in the Eastern bloc and their policies are also defined in the Eastern bloc. If you look at BRICS and SCO you can see what I mean.

[Sithara007]

LOL.. the Saudis will increase their production to 13 million barrels per day by 2027. I really don't think that it is going to happen. They have around 1-2 million barrels per day of spare capacity, and that is not sufficient to increase their output by such an amount. And the Saudi crown price understands that Biden needs something from him, before the mid-term elections of November 2022. Once the elections are over, this announcement will be forgotten and the Saudis will stick to their earlier deal with Russia.