“At far higher prices, giving Russia more money than they made before. That’s what counts.”
That temporary condition is not all that counts.
Volume keeps dropping, and price is volatile - it will not stay around historic highs forever. In fact, the total revenue surge seems to have crested back in May, but the average for the first half of the year is still up.
The explicit plan, announced two weeks after Russia’s latest invasion, and fully funded by European authorities, is to fully replace Russian oil and gas imports (2/3rds of gas and 90% of oil by year’s end). That permanent reduction is well underway, and that matters in the mid to long term, more than short term price fluctuations.
fully funded by European authorities, is to fully replace Russian oil and gas imports (2/3rds of gas and 90% of oil by year’s end).
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Ha, Ha, Ha,…..I read Schroeder’s proposal, guess what, he is currently in Moscow negotiating with Vlad! That said, does taking OUR NG and shipping it to the EU ( currently being done) fix anything? No, it further cripples us, why is the West so committed to suicide?
As long as the war goes on, Oil/natural gas prices will remain high. Russia will continue to laugh all the way to the bank.
Volume keeps dropping, and price is volatile -
Volumes to India/China/Asia have skyrocket and will rise even higher in coming months/years.
What is the population of Europe as compared to the massive populations/power demands of China, India, Indonesia and the rest of Asia who are eagerly snapping up Russian Oil/natural gas at great prices, and totally ignore Dementia Joe's funny “sanctions”.
Yeah?
How's that working out?
Is that why they are turning off hot water in Germany already, even with significant natural gas imports from Russia?