Posted on 04/08/2023 7:52:26 AM PDT by Cronos
Most likely in July we'll have a idea of the direction and can firmly say it only around November
“There are now far fewer causes for worry. Following the OPEC+ decision to cut oil production, the Brent crude price rose to $85, a comfortable price for Russia.”
Impressive - the article tries to give both sides. As it is, the Saudis and the Neocons’ other new enemies, simply won’t let the price of oil take a dive, and sooner than later, that HUGE oil find by the Biden Administration, the SPR, will be drained.
Fiat money is only backed by the trust in the people who issue it and will back up that trust with their efforts.
Nobody trusts Russian government for obvious reasons and only an idiot would trust the Chinese.
Moslems can switch to the Yuan if they want, but they will become the same as the Ughars, slaves to the Han Chinese.
. S&P Global Commodity Insights estimates Russia’s fiscal breakeven oil price at $114/b in 2023, up from $64.47/b before its invasion of Ukraine, as the Kremlin’s outgoings to fund the war add to its overall budget spending. By comparison, OPEC+ kingpin Saudi Arabia’s fiscal breakeven has remained relatively steady at a forecast $78/b for 2023, compared with $80.38/b in 2021, according to S&P Global.
“Russia’s dependence on oil revenue is only increasing as spending requirements grow due to the war and non-energy sanctions begin to bite,” said Paul Sheldon, chief geopolitical advisor at S&P Global. “This will make it even more reluctant to voluntarily curtail supply.”
“S&P Global Commodity Insights estimates Russia’s fiscal breakeven oil price at $114/b in 2023, up from $64.47/b before its invasion of Ukraine, as the Kremlin’s outgoings to fund the war add to its overall budget spending.”
I’m surprised that you fell for that propaganda, unless you really do believe DeSantis when he said “Russia is a gas station masquerading as a country”. In other words, Russia exports FAR MORE than just oil. Also, what I read a while ago was that Russia uses $45/barrel as its assumed price when putting together a budget - anything extra is used to liberate countries from the grip of the Neocons.
And after decades of using the Petro Dollar as a weapon, nobody trusts the dollar of America.
Now tell us again that the Russians are out of missiles ;)
Meanwhile, the federal administration is destroying the US Dollar, too
Soon, you’ll need your entire life savings and a loan to buy a Big Mac
You read too many missives from the Kremlin. That was not propaganda but a statement of fact looking at the Russian budget for 2022 and 2023
“S&P Global Commodity Insights estimates Russia’s fiscal breakeven oil price at $114/b in 2023, up from $64.47/b before its invasion of Ukraine, as the Kremlin’s outgoings to fund the war add to its overall budget spending.”
The top exports of Russia are Crude Petroleum ($113B), Refined Petroleum ($81.8B), Petroleum Gas ($37.7B), Coal Briquettes ($19.1B), and Gold ($19.1B)
The oil and gas add up to 50% of exports.
The remaining includes heavily military equipment which is on hold as Russia can’t produce enough for itself, leave alone exports
They are running out of missiles. Fyi I never said they ran out. Theg are unable yo keep up production, which is why the missilesalvos are now once every month or less compared yo weekly. And they are far less destructive
Of course they are.
I’d like to know whether this fluctuation is being noticed on the store shelves, or not. When and if that becomes the case, then maybe there will be repercussions felt at the Putin level.
As to “yuanization”, wow! The problem with the yuan, arbitrary government valuation, makes the yuan absolutely untrustworthy as a pivotal currency.
This wouldn’t happen to be the same DOOMSDAY PREDICTING company from a year ago...when their economy was supposed to turn into Tatters, I tell you Tatters!!!
“ arbitrary government valuation, makes the yuan absolutely untrustworthy as a pivotal currency.
”
That sounds horrible. Glad the dollar isn’t that way
“nobody trusts the dollar of America.”
True. All sane people and countries are switching to rubles.
Tell me why Russia couldn't knock out Ukraine's electrical grid ;)
Ukraine to export electricity again after months of Russian attacks
https://www.bbc.com/news/world-europe-65220003
Doesn’t matter. This is not a prediction, nor propaganda but a statement of fact looking at the Russian budget for 2022 and 2023
“S&P Global Commodity Insights estimates Russia’s fiscal breakeven oil price at $114/b in 2023, up from $64.47/b before its invasion of Ukraine, as the Kremlin’s outgoings to fund the war add to its overall budget spending.”
The top exports of Russia are Crude Petroleum ($113B), Refined Petroleum ($81.8B), Petroleum Gas ($37.7B), Coal Briquettes ($19.1B), and Gold ($19.1B)
The oil and gas add up to 50% of exports.
The remaining includes heavily military equipment which is on hold as Russia can’t produce enough for itself, leave alone exports
Yeah. The dollar’s problem is quite different, but still untrustworthy. The dollar has a date with destiny, when “the emperor has no clothes” kid shows up. Until then, it’s a vapor paper of convenience to the world.
With the yuan, you can never know when the CCP will just arbitrarily pull the rug out from under anyone who trusts it.
https://twitter.com/witte_sergei?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor
@Suriyak
@Suriyakmaps
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8h
Current situation at Bakhmut city:
#RussianArmy broke #UkrainianArmy defense line & took control over School Nº 2 & Nº 40 & post office thus reaching Chaikovskoho street. The south supply line of Ukrainian forces to the city of Bakhmut is cut now.
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