sanctions have backfired on europe - russia swimming in cash, page-50

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    Note: currently the Russian are ONLY sending 20% of what they have been sending to Europe via Nord 1, but they are getting circa 10 times more for it (until the last 2 days).

    So who do you think is going to produce the extra 5 to 6 million barrels oil to replace Russia's oil?

    The Saudis have already said they are maxed out. The Strategic Reserve is already low.

    If they can't find a replacement, you will see oil prices rocketing up to 300 dollars plus per barrel.

    And then the Russian will only need to sell a fraction of what they sold previously, through the Asian markets to earn more money - just like what is happening with EU gas now.

    https://www.theice.com/products/27996665/Dutch-TTF-Gas-Futures/data?marketId=5429405&span=2

    Read the above IEA quote.

    Lol
 
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