Mohacsy's Safe Portfolio Member Forum

[santafe2]

Good stuff thanks. I found this interesting. Apparently if you discount any required product you can sell all of it you need to sell. We seem to have forgotten business 101.

It has become clear that Russia will be able to evade and bypass the massive oil sanctions levied upon them by Western powers for its invasion of Ukraine. Incredibly, Russia’s oil exports are now higher than they were before the invasion of Ukraine. We had expected the bite from sanctions, especially the EU’s oil import ban, to restrain Russia’s exports and thus constrain supply to the global oil market. That has not happened, however—and if it hasn’t happened yet, it might not happen at all.