Sanctions Leave Out Oil
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Sanctions Leave Out Oil
1–10 of 11 posts
Re: Sanctions Leave Out Oil
#2Key quote from the story:
"I don’t think Russia is blind to what is going on and it must indicate to them that the West does not really have the stomach for a painful fight over Ukraine.”
The West will help Ukraine but not too much. As we've seen with SWIFT, it's still possible that this decision will be overturned.
Re: Sanctions Leave Out Oil
#3We NEED russian gas and oil. They need to sell it to us. So no neither side CAN sanction it for now.
The best we can do is a huge, rapid expansion of import capacity from other countries.
Re: Sanctions Leave Out Oil
#4Not from the article, but I read elsewhere that the sanctions also have a carve-out exclusion for Italian luxury goods - certainly not a NEED
Also, in the case of the United States, Canada and Germany our energy dependency on Russian oil is entirely self-inflicted. There were other options but the short-term optics of environmental concerns superceded the desire for energy independence - now we are seeing the implications of those decisions.
Re: Sanctions Leave Out Oil
#5We NEED russian gas and oil. They need to sell it to us. So no neither side CAN sanction it for now. The best we can do is a huge, rapid expansion of import capacity from other countries.
It's not a need, it's a want. Oil and gas are fungible products and can be replaced by goods from other countries. Right now Europe just doesn't WANT to change, as it will cost a significant amount of money to revamp supply chains, and vendors from other regions already know that they can charge higher prices. How much is Europe's security really worth?
Re: Sanctions Leave Out Oil
#6Not from the article, but I read elsewhere that the sanctions also have a carve-out exclusion for Italian luxury goods - certainly not a NEED Also, in the case of the United States, Canada and Germany our energy dependency on Russian oil is entirely self-inflicted. There were other options but the short-term optics of environmental concerns superceded the desire for energy independence - now we are seeing the implica…
The Roman Empire went from being the birth of modern western civilization, to a people crucially dependent on selling unnecessary handbags to Russian war tyrants.
Re: Sanctions Leave Out Oil
#7We NEED russian gas and oil. They need to sell it to us. So no neither side CAN sanction it for now. The best we can do is a huge, rapid expansion of import capacity from other countries.
It's not a need, it's a want. Oil and gas are fungible products and can be replaced by goods from other countries. Right now Europe just doesn't WANT to change, as it will cost a significant amount of money to revamp supply chains, and vendors from other regions already know that they can charge higher prices. How much is Europe's security really worth?
Right now we don't have the infrastructure to import enough gas from anywhere else. I'm all in favour of building that infrastructure. But until that gas actually happened, an actual supply shortage would literally mean some people died of hypothermia or lack of reliable electricity supply.
Re: Sanctions Leave Out Oil
#8Earlier quoted context omitted.
It's not a need, it's a want. Oil and gas are fungible products and can be replaced by goods from other countries. Right now Europe just doesn't WANT to change, as it will cost a significant amount of money to revamp supply chains, and vendors from other regions already know that they can charge higher prices. How much is Europe's security really worth?
Right now we don't have the infrastructure to import enough gas from anywhere else. I'm all in favour of building that infrastructure. But until that gas actually happened, an actual supply shortage would literally mean some people died of hypothermia or lack of reliable electricity supply.
Germany has previously had to deal with gas and oil shortages. During WW2, Germany produced significant amounts of synthetic gas and oil from coal because they were forced to. The only thing holding Europe back right now is the will to act. At some point the cost of allowing Russia to proceed will exceed the cost to make changes, and once that happens, Europe will act. In war people die, and it doesn't matter if the immediate cause was hypothermia or something else as the underlying cause is the war. War means that it's no longer business as usual for all sides.
Re: Sanctions Leave Out Oil
#9Earlier quoted context omitted.
Right now we don't have the infrastructure to import enough gas from anywhere else. I'm all in favour of building that infrastructure. But until that gas actually happened, an actual supply shortage would literally mean some people died of hypothermia or lack of reliable electricity supply.
Germany has previously had to deal with gas and oil shortages. During WW2, Germany produced significant amounts of synthetic gas and oil from coal because they were forced to. The only thing holding Europe back right now is the will to act. At some point the cost of allowing Russia to proceed will exceed the cost to make changes, and once that happens, Europe will act. In war people die, and it doesn't matter if the…
Except that that was 70 years ago, gas use was 10 times lower, they'd had years to prep etc...
Also, "in war people die"!?
So when should we expect you to volunteer at the Ukrainian state?
Re: Sanctions Leave Out Oil
#10Earlier quoted context omitted.
Germany has previously had to deal with gas and oil shortages. During WW2, Germany produced significant amounts of synthetic gas and oil from coal because they were forced to. The only thing holding Europe back right now is the will to act. At some point the cost of allowing Russia to proceed will exceed the cost to make changes, and once that happens, Europe will act. In war people die, and it doesn't matter if the…
Except that that was 70 years ago, gas use was 10 times lower, they'd had years to prep etc... Also, "in war people die"!? So when should we expect you to volunteer at the Ukrainian state?
I think there is a significant possibility that the war in Ukraine can expand beyond Ukraine's borders. If that happens, all bets are off. Europe now knows that it has created an out of control monster, and you can be 100% certain that the governments of its member states are actively planning how to cut their dependence on Gazprom as fast as humanly possible. It's no longer a what if scenario, it is now something that has to be contained.