Detournement Posted March 8, 2022 Share Posted March 8, 2022 20 minutes ago, 101 said: Russia says they will cut the gas off if we stop the flow of oil, but in practice will we really need to officially stop the flow of oil if BP follow Shell? That would be the big hitters leaving Russia alone which will decimate their exports I don't imagine anyone comes close to exporting the amount of oil that BP and Shell do. There is a difference between Shell and BP not operating in Russia and Europe banning Russian oil. 0 Quote Link to comment Share on other sites More sharing options...
Guest Posted March 8, 2022 Share Posted March 8, 2022 2 minutes ago, Detournement said: There is a difference between Shell and BP not operating in Russia and Europe banning Russian oil. Yes, it's a BIG step to take as is pretty much the West's "Nuclear Option" from an Economic perspective, as while we'll do pretty bad damage to Russia, we'll also do ourselves very serious damage at a time when there's already a global recession looming and potential hyper inflation on the horizon. 0 Quote Link to comment Share on other sites More sharing options...
Zen Archer (Raconteur) Posted March 8, 2022 Share Posted March 8, 2022 10 minutes ago, Blue Brazil Forever said: Reports of a second Russian General being killed. General Poppdov 4 Quote Link to comment Share on other sites More sharing options...
Florentine_Pogen Posted March 8, 2022 Share Posted March 8, 2022 Yes, it's a BIG step to take as is pretty much the West's "Nuclear Option" from an Economic perspective, as while we'll do pretty bad damage to Russia, we'll also do ourselves very serious damage at a time when there's already a global recession looming and potential hyper inflation on the horizon."Stagflation, come on down.!!!!!"................ 0 Quote Link to comment Share on other sites More sharing options...
Detournement Posted March 8, 2022 Share Posted March 8, 2022 (edited) 14 minutes ago, WATTOO said: Yes, it's a BIG step to take as is pretty much the West's "Nuclear Option" from an Economic perspective, as while we'll do pretty bad damage to Russia, we'll also do ourselves very serious damage at a time when there's already a global recession looming and potential hyper inflation on the horizon. Great Reset on roids. Edited March 8, 2022 by Detournement 0 Quote Link to comment Share on other sites More sharing options...
Florentine_Pogen Posted March 8, 2022 Share Posted March 8, 2022 General PoppdovGeneral Poppedaklog, shoorely........ 0 Quote Link to comment Share on other sites More sharing options...
Melanius Mullarkey Posted March 8, 2022 Share Posted March 8, 2022 1 minute ago, Florentine_Pogen said: 9 minutes ago, Zen Archer (Raconteur) said: General Poppdov General Poppedaklog, shoorely........ Reports coming in his second in command was severely injured, Ivada Ballshotov. 4 Quote Link to comment Share on other sites More sharing options...
Salt n Vinegar Posted March 8, 2022 Share Posted March 8, 2022 Covid spreading like wildfire among Russian forces, according to spokesman Ivan Nastikoff. (Reaches for coat.) 4 Quote Link to comment Share on other sites More sharing options...
Guest Posted March 8, 2022 Share Posted March 8, 2022 7 minutes ago, Florentine_Pogen said: 19 minutes ago, WATTOO said: Yes, it's a BIG step to take as is pretty much the West's "Nuclear Option" from an Economic perspective, as while we'll do pretty bad damage to Russia, we'll also do ourselves very serious damage at a time when there's already a global recession looming and potential hyper inflation on the horizon. "Stagflation, come on down.!!!!!"................ Totally, we've just been kicking the can down the road for the past 20 years and I'm afraid all our chickens could be coming home to roost at the worst possible time. 0 Quote Link to comment Share on other sites More sharing options...
Guest Posted March 8, 2022 Share Posted March 8, 2022 6 minutes ago, Melanius Mullarkay said: Reports coming in his second in command was severely injured, Ivada Ballshotov. That's just nuts or should that be nut ?? 0 Quote Link to comment Share on other sites More sharing options...
Florentine_Pogen Posted March 8, 2022 Share Posted March 8, 2022 Totally, we've just been kicking the can down the road for the past 20 years and I'm afraid all our chickens could be coming home to roost at the worst possible time.European war, climate crisis, refugee crisis, food security crisis, energy crisis, economic crisis. Trump back in WH in 2024.......What's not to like........ 0 Quote Link to comment Share on other sites More sharing options...
welshbairn Posted March 8, 2022 Share Posted March 8, 2022 The oil and gas thing is all about convincing Russia they'll lose massively unless they come to a quick peaceful settlement that Ukraine can accept. It might be a short term bluff about stopping fuel and other imports from Russia but if Europe can set up alternative supply chains in the medium to long term, Russia will be forced to spend a fortune on boosting their supply infrastructure to China etc and China will be able to name their own price. Russia is hugely reliant on exporting raw materials, they can't afford to lose the richest markets. 0 Quote Link to comment Share on other sites More sharing options...
Florentine_Pogen Posted March 8, 2022 Share Posted March 8, 2022 Russia is hugely reliant on exporting raw materials, they can't afford to lose the richest markets.Read an article (might have been FT) which stated that 60% of Russian exports made up of oil & gas. 0 Quote Link to comment Share on other sites More sharing options...
Detournement Posted March 8, 2022 Share Posted March 8, 2022 (edited) No one really has an answer to what Russia can 'afford' to lose. They survived the 90s and were able to rebuild the state despite billionaires and western capital looting it. They are starting from a far higher base here and don't have to worry about wealth leaking west. The real question for people like us should be what am I prepared to lose and do we have any say in it? Edited March 8, 2022 by Detournement 3 Quote Link to comment Share on other sites More sharing options...
TheScarf Posted March 8, 2022 Share Posted March 8, 2022 15 minutes ago, Salt n Vinegar said: Covid spreading like wildfire among Russian forces, according to spokesman Ivan Nastikoff. (Reaches for coat.) Reminds me of the time I dated the Russian 10-pin bowling champion - Nockola Pinsova. 3 Quote Link to comment Share on other sites More sharing options...
welshbairn Posted March 8, 2022 Share Posted March 8, 2022 1 minute ago, Detournement said: They are starting from a far higher base here and don't have to worry about wealth leaking west. London estate agents would tend to differ. 1 Quote Link to comment Share on other sites More sharing options...
Dev Posted March 8, 2022 Share Posted March 8, 2022 (edited) 3 minutes ago, Detournement said: No one really has an answer to what Russia can 'afford' to lose. They survived the 90s and were able to rebuild the state despite billionaires and western capital looting it. They are starting from a far higher base here and don't have to worry about wealth leaking west. The real question for people like us should be what am I prepared to lose and do we have any say in it? Isn't it more about what the men behind Putin are prepared to accept in terms of loss of wealth? It'll be interesting to see what knocks they are prepared to take before it's "decision time" about who is Russia's front man and how Russia reaches a secure long-term financial future. Edited March 8, 2022 by Dev . 0 Quote Link to comment Share on other sites More sharing options...
Detournement Posted March 8, 2022 Share Posted March 8, 2022 Just now, welshbairn said: London estate agents would tend to differ. I mean that capital outflows will be lower now than previously. They are still going to be able to sell oil and gas to the majority of the global population who hasn't sanctioned them. 0 Quote Link to comment Share on other sites More sharing options...
Florentine_Pogen Posted March 8, 2022 Share Posted March 8, 2022 No one really has an answer to what Russia can 'afford' to lose. They survived the 90s and were able to rebuild the state despite billionaires and western capital looting it. They are starting from a far higher base here and don't have to worry about wealth leaking west. The real question for people like us should be what am I prepared to lose and do we have any say in it?They might be starting from a higher base in that they have (had?) a $640bn reserve, according to news reports, but it might be fair to say that if World sanctions are really biting, inflation and a war plus loss of exports could munch through this pretty rapidly.Bigger question I think is what / who comes after Putin?And yes, we will be doing some serious belt-tightening and resetting. 0 Quote Link to comment Share on other sites More sharing options...
Detournement Posted March 8, 2022 Share Posted March 8, 2022 1 minute ago, Dev said: Isn't it more about what the men behind Putin are prepared to accept in terms of loss of wealth? No because the people who really weild power in Russia aren't the 'oligarchs' it's the security state. And they aren't the ones buying super yachts. 0 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.