Comments by "Ivancho" (@ivancho5854) on "Why We Can't Quit Russian Oil: The 10% That Holds the West Hostage || Peter Zeihan" video.

  1. Stopping Russian oil exports is definitely not going to happen before the US election. After that both Biden and Trump would be on their final presidency, so they could upset the applecart as often happens when not seeking re-election. The following four years will be interesting. IMHO the way to reduce Russian oil revenue is to firstly destroy all refining capacity inside Russia. Russia could then export crude but would have to pay for the import of more expensive refined products. Russian capacity to export crude oil will naturally atrify with time due to lack of Western engineering. If the reduction of Russian supply is slow enough then price will not be too rapid and this will stimulate production around the world to compensate. As an aside, all gas exports to the West and all LNG exports need to be completely and rapidly halted. A bonus consequence of this would be better Western relations with Hungary with any luck as Hungary would be beholden to its EU neighbours for gas. All the best.
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