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Drew Hodge
Neil McCoy-Ward
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Comments by "Drew Hodge" (@drewhodge3820) on "You Really NEED To See What's Going On In Europe Right Now..." video.
Russia has cut oil production by over 25% because it doesn't own the ships to export the oil and gas. Neither does it have the pipelines to other countries. Combined with the price cap on Russian oil, Russia is barely breaking even on oil and gas production. Russian assets frozen across the world.
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@olgag6581 I agree the world needs to do more but the reality is 600 ships isn't enough to ship 25% of Russia's shortfall they were moving before their illegal invasion of Ukraine. Which is why Russian has reduced oil production at the well. That production can't be turned back up. Russia is selling oil much lower than the price cap.
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@olgag6581 Russian oil production has been reduced by 25%. The EU has just enforced further sanctions on Russian oil products.
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