The US has urged Ukraine to halt attacks on Russia’s energy infrastructure, warning that the drone strikes risk driving up global oil prices and provoking retaliation, according to three people familiar with the discussions. […]
One person said that the White House had grown increasingly frustrated by brazen Ukrainian drone attacks that have struck oil refineries, terminals, depots and storage facilities across western Russia, hurting its oil production capacity.
Russia remains one of the world’s most important energy exporters despite western sanctions on its oil and gas sector. Oil prices have risen about 15 per cent this year, to $85 a barrel, pushing up fuel costs just as US President Joe Biden begins his campaign for re-election.
Un-paywalled link: https://archive.ph/wv1Y3
You must log in or # to comment.
FFS America, you don’t get it both ways. You should have come down ruthlessly on anyone trading with Russia. But you did it all limp wristed and weakly.
Get a grip, get those weapons to Ukraine because there will be no stopping Putin if Russia wins this. And your orange idiot will back him all the way.
tbf, leveling secondary sanctions on both China and India would probably burn the global economy to the ground, and wouldn’t even accomplish the desired goal. They just don’t need us if they all have each other. We’re not as powerful as we pretend, unless you count our direct military capabilities.
Cheese turd won’t be re-elected.
He has no intention of being reelected. They are plotting the next coup right out in the open including passing laws in every state they control to effect said coup.
Oh whew, because I was starting to get worried…you know, based on the ample polling showing that Biden is not only down overall, but more importantly, down significantly among most major demographics that makeup the Democratic coalition.
That’s what the press is saying but the economy is in a phoenix right now.
The world economy is… about to burst into flames, and be reborn from it’s ashes…? And that’s going to ensure Biden’s electoral victory…?
Setting aside mythical firebirds, I’m not talking about the press, I’m talking about the voters, their responses to pollsters, and how none of that data says “Trump definitely won’t win re-election”.
A best case scenario, that can actually be supported by current available data, is that it’s a coin flip.
That would be good news, if we had a popular vote.
Since we don’t, the polls that matter are those in battleground states and demographic polls to gauge base party/coalition support.
https://www.nytimes.com/2023/11/05/us/politics/biden-trump-2024-poll.html
https://nymag.com/intelligencer/article/biden-vs-trump-polls-battleground-problem.html
If you really want to get depressed, do your own digging into the polling trends for traditional Democratic coalition members by demographic subgroups.
No thanks. Trust your sources.
Uh… Not necessarily. Biden is floundering in several background states, and he’s not doing much about it.
I despise war, but if you gotta defend, destroying the enemy’s fuel supply is a great tactic. I am sure Ukraine is not exactly worried about global oil prices lmao
ffs, William Spaniel already made a video about this. Ukraine is only targeting Russian oil because the US is withholding military aid. There’s no incentive for Ukraine to weaken its war efforts and keep oil prices low, if the US isn’t going to give Ukraine anything in return. You can’t go around complaining about the economic impact of a WAR.
Isn’t it the republicans withholding aid to Ukraine? So bombing refineries would drive up prices, making Biden unpopular, increasing the likelihood of Trump getting elected which would make more aid even more unlikely? Or am I missing something? 🤔
Not bombing them allows Russia to make money though, so it seems both choices are bad ones here.
That’s a good point. I hadn’t considered that incentive. It’s possible that maybe Ukraine will hold off on oil attacks until after the election, then.
It’s just hilarious that the US will bomb Nordstream and push Europe into crisis, whilst resisting any action that might raise their oil prices in the election year.
Just so one-sided it’s incredible.
It’s not yet proven that it was the US, no? I mean, I wouldn’t be surprised at all, but I still don’t know that’s a fact.
Fact? It’s a full fledged conspiracy theory, with zero actual proof supporting it.
Most people suspect it was Ukraine, honestly. But there’s a bunch of people who will try to blame America every chance they get.
The US government had nothing to gain by destroying that pipeline.
This is not to say that they did do the bombing, but the US had and has an economic interest in Europe buying US controlled oil and gas over buying Russian controlled oil and gas.
Yes that’s true, but I’m not talking about that. I’m talking about the claim that the US government destroyed Nord Stream to force the EU to buy LNG from US companies.
And that was before Nord Stream…
What other evidence can you produce to verify your claim that the US government destroyed that pipeline?
The US should probably pass their lethal aid package if they want a seat at the table.
And then sit back and watch the refineries burn
And maybe start selling oil to Russia similar to what they did when they started selling gas to Europe during the last couple of years
provoking retaliation
Fuck do they think Russia has been trying to do this whole time, send hugs?
provoking retaliation
wtf does this even mean? Russia is balls deep into ukraine destroying everything, short of nukes what else can they really do?
Fuck that noise. As much of the oil refineries and all other Russian production capacity as possible must be destroyed
Ukraine still allows Russia to send gas through some of their pipelines. Trade is important.
But yeah, the US should really help and pay back some of the huge benefits they’ve received. Biden could send US troops to Kyiv and Lviv tomorrow if he cared.
I guess the point is that this might be counterproductive - the panic on the market may drive the oil price so that the overall it is positive to Russia’s war effort.
Sounds like an oil corpo paid a bribe.
The only thing more dangerous than being the US’s enemy, is being their ally.
The US reaps all the rewards from huge weapons and LNG exports, while refusing to send any troops or even further aid.
They’re literally the only major economy with significant growth right now due to that, but offer nothing to help Ukraine or Europe.
They’re
literallythe only major economyYou don’t need the “literally”.
offer nothing to help Ukraine or Europe.
Bullshit. You could have performed a simple search about your claims before posting that.
The Joe Biden administration and the U.S. Congress have directed about $75 billion in assistance to Ukraine, which includes humanitarian, financial, and military support, according to the Kiel Institute for the World Economy, a German research institute. (This figure does not include all war-related U.S. spending, such as aid to allies.) The historic sums are helping a broad set of Ukrainian people and institutions, including refugees, law enforcement, and independent radio broadcasters, though most of the aid has been military-related. Dozens of other countries, including most members of the North Atlantic Treaty Organization (NATO) and the European Union (EU), are also providing large aid packages to Ukraine.
My country’s government is guilty of a lot of terrible things, but don’t make things up, like every other shit-heel on the internet these days.
Do better.
I’m curious how an oil refinery in Russia affects global oil prices in any significant way? I would imagine it would lower prices globally.
Don’t refineries turn oil into fuel, like gasoline? To the best of my knowledge countries don’t typically export gasoline, do they? I thought they exported crude.
Wouldn’t being unable to refine crude, mean they need to export more crude, since they can’t indefinitely store it, thus bring down oil prices? In the short-term, I wouldn’t be surprised at an increase in global price due to news media/speculation, but long term effect, I could only imagine global crude price going down.
On the other hand, I would of course think local gas/fuel prices would skyrocket in Russia due to not being able to refine it.
I’m sure I’m very much wrong in my logic; if someone on the internet wouldn’t mind correcting me with a proper explanation. Of course this is all based on refinery attacks, I didn’t read this specific article, but I am not aware of oil rigs/oil extraction sites being attacked (that would clearly be a separate situation if it is happening).
Oil prices in this case is a broad term. Countries that can refine crude prefer to do so, as it makes a lot of money. At the end of the day, the normal person at the gast station doesn’t care if the crude was cheaper or more expensive. They care about what they pay for gasoline.
More specific to the infrastructure often the oil is directly delivered to the refinery and only the refined products make it onto the market at all. So by cutting off the refinery also the oil exploration that comes before is cut off from the market.
Prices are determined based on supply and demand, so any event which decreases the global supply, even in sectors where most of the world was not being given market access, will drive the price up for everyone else.
This is why Biden has been approving drilling projects left and right while transitioning America off the stuff, America’s prices are subsidized, but the world gets squeezed big time by supply fluctuations elsewhere, it’s basically a spooky action at a distance way to try and subsidize global prices to artificially keep them low same as America’s oil prices.
Dont mess with my dino juice
-America
But for reals, that’s dumb ass hell.
deleted by creator
No, the long range drones are only used by the Ukrainian military.
