Perhaps Russian oil will flow. We'll see. If Trump gets our on-shore production ramped back up, we have the advantage. Crude doesn't help most of Europe, they need refined. We can recapture the European market, with Norway taking in most of the Russian Crude to refine and selling the end product, providing competition vs the US refineries.

As far as working as an intermediary for LNG, that was Biden's goal, and he tried to do it through Burisma in Ukraine. Something having to do with his son. I dunno.

As long as Russia trades it in USD, it's all good. Something tells me they may not wish to rejoin the European oil trade at all though, they'll stick with their Asian customers and let Europe rot.

This post was edited by InsaneBobb on Feb 19 2025 08:47pm

Fun fact, you are not entirely correct on crude.

1) Russian oil still flows, Americans explicitly allow their traders to buy and sell it. It’s the Europeans that are trying not to buy it directly. https://on.ft.com/3ZByhIu

2) Europe has been resources short since 19th century, including energy, metals and etc. Refining capacity lags behind US and China (at about 15m bblpd vs 18-19 for US/China). Europe used to import a lot of refined product from Russia. Now the import Russian product via Turkey, “Morocco blend” ( https://energywatch.com/EnergyNews/Oil___Gas/article17166164.ece )and Saudi/India swaps.

3) Norway has only 1 refinery left and has more than enough crude production to fill its capacity. They don’t import crude. They are rapidly moving away from ICE cars to EVs as their energy is dirt cheap (0.01€/kwh in the north, higher in the south as they have to bail out Germans and their moronic Energiewende). Finland does import crude though (Neste refineries) and for decades imported Russian REBCO.

This post was edited by Malopox on Feb 20 2025 12:17am

We don’t live in petrodollar system. We live in eurodollar system. In fact, one could argue that petrodollar system never really existed. You fell for an easy-to-create illusion, propagated in mass media.

Sorry, it looks like you don’t know what you are talking about - didn’t read the rest of the message.

Let’s stop here. We’ve stated our positions clearly enough. Everybody can make up their own minds reading this.

You can have the last word if you want.

All currencies are illusion . They're meant to get the most out of you while you live so they can make more of said currency out of your time to purchase more time out of more people.

The only real value on this planet are; Water, Food, Medicine and somewhere to live to be safe from nature. (Doesn't need to be a modern house)

The fact that they are arbitrarily defined, doesn’t mean they don’t have a real influence on the world, unfortunately.

For example Yen carry-trade unwind from couple months ago or Plaza Accord from many years ago.

And basically every crisis means dollar is skyrocketing vs other currencies. Which has real impact on contracts, exports, imports, debt service (corporate and sovereign), etc.

The fundamental unit of value in modern capitalism is shifting away from labor to energy

Trump looks more ill than Joe Biden ever did lmao.

Wtf was that cooky Musk interview

Maybe.

The guy doesn’t have too many options.

Eventually, he’ll give in.

That is a lot better than being at the mercy of Putin.

This post was edited by Malignanttumor666 on Feb 20 2025 06:40pm

Are you excited to be drafted to serve in Ukraine? You'll be able to put words to action

This post was edited by El1te on Feb 20 2025 06:44pm

Well, let's sum it up. Ukrainians don't know how to fight, neither with Soviet weapons nor with foreign ones. The number of deserters among Ukrainians even scares the French. It sucks to be Ukrainian.