Comments by "Echo Sierra" (@SignalCorps1) on "Russian Oil Thrives Despite European Sanctions (Here's How...) || Peter Zeihan" video.

I get your point but I’m not sure that’s correct. The $60/bbl price was set because the Russian extraction cost is about $55-57/bbl. So instead of $5/bbl profit, they’re now making $30/bbl profit. They definitely added some costs, but not that much. For instance the Chinese and Indian insurance is probably cheaper than what they were buying from the Europeans.
3
@NoOneToNoOne89 No their volume hasn’t plummeted, what is being tracked and reported has plummeted. Only about 10% of Russia’s oil can be shutdown because 90% comes from permafrost regions and if the wells are shut in temporarily, water rises to the top, freezes, and bursts the casing which can take years to fix. This is partially why the $60/bbl price cap was set. Part was to keep global oil supply stable, but part of this was knowing that Russia cannot reduce their output and they have no where to store it if it can’t be exported.
3