LMAO: India resells Russian oil to the European Union.

Naficopa

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Quote from: be.open on June 24, 2022, 01:24:44 AM

The US is now in desperate need of heavy oil to solve the shortage of diesel fuel, which is needed for road freight transport and is one of the strongest sources of inflation for all types of goods.

Say whatever you want to say - but one thing is for sure - India play well in international politics.
I am impressed by the way they have terms with America and Russia. And cherry on the top, they are reselling the oil to EU. What is EU doing? Fooling themselves they they are not purchasing Russian oil. LMAO

be.open

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Quote from: DrBeer on June 23, 2022, 05:18:08 PM

Quote from: be.open on June 22, 2022, 05:39:55 PM

Quote from: DrBeer on June 22, 2022, 04:46:42 PM

By the way, the question is - what do you think - Maduro, in Venezuela, in the country with the largest oil deposits, is interested in where to sell oil? US and EU for dollars and Euros, or China for yuan? Or maybe .... for Russian rubles?

Maduro is certainly an "interesting type", but he's not an idiot!

That is why the ban on the sale of oil to normal world markets is lifted from Venezuela ...

You may be surprised, but in 2020, under pressure from US sanctions, Rosneft ceased operations in Venezuela and sold all its local assets to a company that is 100% owned by the Russian government. At that time, Russian companies controlled 70% of all oil produced in Venezuela.

All right! The terrorist country, as always, cowardly leaves the territories where normal laws and relations should soon appear, where it is impossible to terrorize the supplier or the buyer with their idiotic problems. Maduro is, of course, verbally "against" Western values, but he understands that being a slave to an isolated terrorist is a road to nowhere. Plus, problems are accumulating, and there is only one way out - to start cooperating with normal countries, normal buyers! And so it will continue

In 2020, the US State Department offered a $15 million reward for information leading to Maduro's arrest, do you think he has already forgotten about it?

The US is now in desperate need of heavy oil to solve the shortage of diesel fuel, which is needed for road freight transport and is one of the strongest sources of inflation for all types of goods.

DrBeer

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Quote from: be.open on June 22, 2022, 05:39:55 PM

Quote from: DrBeer on June 22, 2022, 04:46:42 PM

By the way, the question is - what do you think - Maduro, in Venezuela, in the country with the largest oil deposits, is interested in where to sell oil? US and EU for dollars and Euros, or China for yuan? Or maybe .... for Russian rubles?

Maduro is certainly an "interesting type", but he's not an idiot!

That is why the ban on the sale of oil to normal world markets is lifted from Venezuela ...

You may be surprised, but in 2020, under pressure from US sanctions, Rosneft ceased operations in Venezuela and sold all its local assets to a company that is 100% owned by the Russian government. At that time, Russian companies controlled 70% of all oil produced in Venezuela.

All right! The terrorist country, as always, cowardly leaves the territories where normal laws and relations should soon appear, where it is impossible to terrorize the supplier or the buyer with their idiotic problems. Maduro is, of course, verbally "against" Western values, but he understands that being a slave to an isolated terrorist is a road to nowhere. Plus, problems are accumulating, and there is only one way out - to start cooperating with normal countries, normal buyers! And so it will continue

Naficopa

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Quote from: Sithara007 on June 23, 2022, 02:07:50 AM

Quote from: Don Pedro Dinero on June 22, 2022, 02:33:42 AM

I believe that if the war is over, trade with Russia will be restored quickly. If it continues, I think we're going to stay the same.

Germany is making a fool of themselves, shutting down nuclear plants and talking about gas rationing, which is not only affecting their population, but German industry is very powerful, and all this is also hurting them.

I believe that the best solution for Europe, as we don't have fossil fuels, is to support the energy mix with nuclear power plants. Closing them all is madness.

Once this military operation ends (end of 2022, or some time in 2023), I believe that Europe will turn out to be the biggest losers, along with Japan. In both these countries, the automobile and heavy engineering industries are getting decimated as a result of high natural gas prices. On the other hand, the American industries, who previously struggled to compete with the Germans and Japanese are now in a much better position. The same can be said (to a certain extent) about the Chinese manufacturers as well.

EU have done a big mistake - that is correct they will be biggest loser along with Japan.
But on the other hand - I am impressed with India how they have grabbed this opportunity and used it in the best interest of the country.

galambo

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Quote from: Sithara007 on June 23, 2022, 02:07:50 AM

Once this military operation ends (end of 2022, or some time in 2023), I believe that Europe will turn out to be the biggest losers, along with Japan. In both these countries, the automobile and heavy engineering industries are getting decimated as a result of high natural gas prices. On the other hand, the American industries, who previously struggled to compete with the Germans and Japanese are now in a much better position. The same can be said (to a certain extent) about the Chinese manufacturers as well.

No matter what sanctions USA and Europe imposed, Russia is getting stronger and stronger. Now China is biggest importer of Russian Oil as per news of CNN. China is importing Russian oil instead os Saudai Arabia since Russia is giving oil at discounted price. So Russia has nothing to lose, if Europe is closing market for Russia then new frontiers are welcoming Russia oil.

Sithara007

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Quote from: Don Pedro Dinero on June 22, 2022, 02:33:42 AM

I believe that if the war is over, trade with Russia will be restored quickly. If it continues, I think we're going to stay the same.

Germany is making a fool of themselves, shutting down nuclear plants and talking about gas rationing, which is not only affecting their population, but German industry is very powerful, and all this is also hurting them.

I believe that the best solution for Europe, as we don't have fossil fuels, is to support the energy mix with nuclear power plants. Closing them all is madness.

Once this military operation ends (end of 2022, or some time in 2023), I believe that Europe will turn out to be the biggest losers, along with Japan. In both these countries, the automobile and heavy engineering industries are getting decimated as a result of high natural gas prices. On the other hand, the American industries, who previously struggled to compete with the Germans and Japanese are now in a much better position. The same can be said (to a certain extent) about the Chinese manufacturers as well.

be.open

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Quote from: DrBeer on June 22, 2022, 04:46:42 PM

By the way, the question is - what do you think - Maduro, in Venezuela, in the country with the largest oil deposits, is interested in where to sell oil? US and EU for dollars and Euros, or China for yuan? Or maybe .... for Russian rubles?

Maduro is certainly an "interesting type", but he's not an idiot!

That is why the ban on the sale of oil to normal world markets is lifted from Venezuela ...

You may be surprised, but in 2020, under pressure from US sanctions, Rosneft ceased operations in Venezuela and sold all its local assets to a company that is 100% owned by the Russian government. At that time, Russian companies controlled 70% of all oil produced in Venezuela.

DrBeer

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Quote from: Wind_FURY on June 22, 2022, 07:11:17 AM

Quote from: Don Pedro Dinero on June 22, 2022, 02:33:42 AM

Quote from: Hispo on June 20, 2022, 03:17:21 PM

What it is crazy about this situation is the fact energy prices are this high during summer in the north: Europe, USA, Canada...

I can't imagine how expensive energy will get once people won't have other option but pay to warm their houses up this year during the winter. Do you believe there is a chance USA/EU would withdraw some sanctions against Russian gas by winter? Or is it more likely USA/Germany would backpedal their plans to push green energy in favor of fossil during the winter?

I believe that if the war is over, trade with Russia will be restored quickly. If it continues, I think we're going to stay the same.

Germany is making a fool of themselves, shutting down nuclear plants and talking about gas rationing, which is not only affecting their population, but German industry is very powerful, and all this is also hurting them.

I believe that the best solution for Europe, as we don't have fossil fuels, is to support the energy mix with nuclear power plants. Closing them all is madness.

They're making MORE a fool of themselves because I believe Germany, and some countries in Europe, are proposing to increase their imports of Thermal Coal to use Coal-powered plants during the winter. What happened to "Go Green"/"Renewable Energy Future"?

Plus another MORE fools of themselves again because 70% of European imports of Thermal Coal comes from? Russia. Cool

Do you really think that there is no coal anywhere else? Oil? Natural gas? Believe me - in 3-4 years, the remnants of Russia will beg to buy from her, her gas and oil, at least for a dollar

Although no, I'm lying, I agree! It is China and India that will buy gas and oil from collapsed Russia for $1 and sell Europe for $10

In Europe, while for some countries, gas has already begun to flow from Azerbaijan. I am sure they will like to sell to stable, buyers, for a reliable currency, and supplies will expand their geography.

By the way, the question is - what do you think - Maduro, in Venezuela, in the country with the largest oil deposits, is interested in where to sell oil? US and EU for dollars and Euros, or China for yuan? Or maybe .... for Russian rubles?

Maduro is certainly an "interesting type", but he's not an idiot!

That is why the ban on the sale of oil to normal world markets is lifted from Venezuela ...

Hispo

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Quote from: Wind_FURY on June 22, 2022, 07:11:17 AM

Quote from: Don Pedro Dinero on June 22, 2022, 02:33:42 AM

Quote from: Hispo on June 20, 2022, 03:17:21 PM

What it is crazy about this situation is the fact energy prices are this high during summer in the north: Europe, USA, Canada...

I can't imagine how expensive energy will get once people won't have other option but pay to warm their houses up this year during the winter. Do you believe there is a chance USA/EU would withdraw some sanctions against Russian gas by winter? Or is it more likely USA/Germany would backpedal their plans to push green energy in favor of fossil during the winter?

I believe that if the war is over, trade with Russia will be restored quickly. If it continues, I think we're going to stay the same.

Germany is making a fool of themselves, shutting down nuclear plants and talking about gas rationing, which is not only affecting their population, but German industry is very powerful, and all this is also hurting them.

I believe that the best solution for Europe, as we don't have fossil fuels, is to support the energy mix with nuclear power plants. Closing them all is madness.

They're making MORE a fool of themselves because I believe Germany, and some countries in Europe, are proposing to increase their imports of Thermal Coal to use Coal-powered plants during the winter. What happened to "Go Green"/"Renewable Energy Future"?

Plus another MORE fools of themselves again because 70% of European imports of Thermal Coal comes from? Russia. Cool

Germany itself has quite lot of coal and USA has about 20% of coal reserves, so if they want, they could use coal to survive next winter, the problem is that this is not a likely scenario, imo.

Also, unlike France, it see Germany is afraid nuclear energy is detrimental to the environment in the long run, they are scared of radiation, unfortunately for them they are now turning their efforts to coal once more, perhaps in their eyes some smog and CO2 is better to deal with than nuclear waste.

Wind_FURY

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Quote from: Don Pedro Dinero on June 22, 2022, 02:33:42 AM

Quote from: Hispo on June 20, 2022, 03:17:21 PM

What it is crazy about this situation is the fact energy prices are this high during summer in the north: Europe, USA, Canada...

I can't imagine how expensive energy will get once people won't have other option but pay to warm their houses up this year during the winter. Do you believe there is a chance USA/EU would withdraw some sanctions against Russian gas by winter? Or is it more likely USA/Germany would backpedal their plans to push green energy in favor of fossil during the winter?

I believe that if the war is over, trade with Russia will be restored quickly. If it continues, I think we're going to stay the same.

Germany is making a fool of themselves, shutting down nuclear plants and talking about gas rationing, which is not only affecting their population, but German industry is very powerful, and all this is also hurting them.

I believe that the best solution for Europe, as we don't have fossil fuels, is to support the energy mix with nuclear power plants. Closing them all is madness.

They're making MORE a fool of themselves because I believe Germany, and some countries in Europe, are proposing to increase their imports of Thermal Coal to use Coal-powered plants during the winter. What happened to "Go Green"/"Renewable Energy Future"?

Plus another MORE fools of themselves again because 70% of European imports of Thermal Coal comes from? Russia. Cool

Don Pedro Dinero

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Quote from: Hispo on June 20, 2022, 03:17:21 PM

What it is crazy about this situation is the fact energy prices are this high during summer in the north: Europe, USA, Canada...

I can't imagine how expensive energy will get once people won't have other option but pay to warm their houses up this year during the winter. Do you believe there is a chance USA/EU would withdraw some sanctions against Russian gas by winter? Or is it more likely USA/Germany would backpedal their plans to push green energy in favor of fossil during the winter?

I believe that if the war is over, trade with Russia will be restored quickly. If it continues, I think we're going to stay the same.

Germany is making a fool of themselves, shutting down nuclear plants and talking about gas rationing, which is not only affecting their population, but German industry is very powerful, and all this is also hurting them.

I believe that the best solution for Europe, as we don't have fossil fuels, is to support the energy mix with nuclear power plants. Closing them all is madness.

Wind_FURY

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Quote from: Sithara007 on June 22, 2022, 12:23:38 AM

Quote from: Naficopa on June 21, 2022, 08:31:04 PM

Seems like Indian are very happy with their PM. He seems a simple man but are his advisors good or does his mind work really well?
They are smart enough having good terms with US and they are buying oil from Russia and selling it to EU. Very impressive though!

I would give credit to the PM (Narendra Modi), but at the same time I will acknowledge the contribution from the Minister of External Affairs (Subrahmanyam Jaishankar). The latter was quite instrumental in countering the criticism from western nations regarding Russian crude oil imports. You can watch this interview here, to understand how skilled he is:

https://www.youtube.com/watch?v=j2EdQD_Eag0

I am quite thankful to the current government for keeping economy in good spirits. Some of the neighboring countries are going through economic meltdown. We have avoided that fate so far.

It's laughable, but in my opinion, there's nothing wrong with it. Do you know what that practice is simply called? We see it everyday, it's actually around us. It's called the act of doing business. India saw a gap in the market, and took the opportunity to fill that gap. Simple. Cool

Sithara007

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Quote from: Naficopa on June 21, 2022, 08:31:04 PM

Seems like Indian are very happy with their PM. He seems a simple man but are his advisors good or does his mind work really well?
They are smart enough having good terms with US and they are buying oil from Russia and selling it to EU. Very impressive though!

I would give credit to the PM (Narendra Modi), but at the same time I will acknowledge the contribution from the Minister of External Affairs (Subrahmanyam Jaishankar). The latter was quite instrumental in countering the criticism from western nations regarding Russian crude oil imports. You can watch this interview here, to understand how skilled he is:

https://www.youtube.com/watch?v=j2EdQD_Eag0

I am quite thankful to the current government for keeping economy in good spirits. Some of the neighboring countries are going through economic meltdown. We have avoided that fate so far.

Naficopa

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Quote from: Sithara007 on June 20, 2022, 10:40:38 PM

And the worst thing is that all this has just started. I won't be surprised if the prices go up much higher than the current levels. I expect crude oil trading at above $200 per barrel before the end of this year (both OPEC and the US shale oil producers have refused to increase their output). And I expect natural has to trade at higher than $2,000 per thousand cubic meters. The Russians will be happy, but they won't be able to make as much money as they would have liked due to the sanctions. The big gainers here are OPEC nations, such as Saudi Arabia, Kuwait and the United Arab Emirates.

Seems like Indian are very happy with their PM. He seems a simple man but are his advisors good or does his mind work really well?
They are smart enough having good terms with US and they are buying oil from Russia and selling it to EU. Very impressive though!

Hispo

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Quote from: n0ne on June 20, 2022, 07:15:19 PM

Quote from: Ultegra134 on June 20, 2022, 04:51:08 PM

Quote from: Hispo on June 20, 2022, 03:17:21 PM

Quote from: Ultegra134 on June 20, 2022, 03:03:04 PM

Quote from: Sithara007 on June 18, 2022, 10:53:07 PM

-snip-

My heart skips a beat when thinking about the upcoming winter. I was reading an article earlier on The Guardian regarding the war, it mentioned that it could even last years, which means that the situation will only worsen in the future, to the point that it's stressing me out. Fuel prices are expected to rise even further with crude oil being extremely volatile, while the exchange rate of EUR/USD has severely shifted, having a huge impact on imports. Already working two jobs to be able to maintain myself and have some kind of purchasing power, but it's still not enough.

We don't know what is gonna happen by the winter, really painful situation for people residing in such a climate and unable to keep them warm. To go completely on green energy isn't a possible solution for now, and for these climatic conditions it is always the fossil fuels. Russia will make plans to make them stronger when the demand increases.

I'd dare to say we are already seeing an advance of what will likely happen this next Winter.
It seems Germany has backpedaled on its green plans for now and started to burn coal to face the lack of natural gas:

https://www.cnbc.com/2022/06/20/ukraine-war-germany-turns-to-coal-as-russia-throttles-gas-supplies.html

I knew that Germany has little to none oil reserves and little gas, but much coal. This led me to briefly investigate the global reserves of coal and according to Wikipedia, this is the distribution:

Source: Wikipedia.

Surprisinly, USA and Germany has important reserves of Coal.
This means that, if green politicians swallow their pride a bit, nobody should suffer of cold next summer, of course, we know this is not the ideal case but it may work as a plan C, in case A and B fail.

Germany is already taking a step forward even though they took environmental policies very seriously, let us see how the events develop as temperatures start to drop.

Ultegra134

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Quote from: Sithara007 on June 20, 2022, 10:40:38 PM

Quote from: Ultegra134 on June 20, 2022, 03:03:04 PM

India should be the least of our concerns, to be honest. The United States and EU have created this situation by imposing stupid sanctions and bans creating huge revenue for Russia, while inflation is soaring in US and EU, with gas prices, electricity and groceries skyrocketing. The energy crisis had started since September, but the whole ordeal with the war and the imposed sanctions made it 50 times worse than it already was.

And the worst thing is that all this has just started. I won't be surprised if the prices go up much higher than the current levels. I expect crude oil trading at above $200 per barrel before the end of this year (both OPEC and the US shale oil producers have refused to increase their output). And I expect natural has to trade at higher than $2,000 per thousand cubic meters. The Russians will be happy, but they won't be able to make as much money as they would have liked due to the sanctions. The big gainers here are OPEC nations, such as Saudi Arabia, Kuwait and the United Arab Emirates.

That's actually a prediction which has been rumored since the beginning of the war. Honestly, at this point I wouldn't be surprised, one thing is for sure, the condition is only going to get worse as the time passes by. Crude oil has been extremely volatile and little has been done to control the excessive prices. The following winter will be worse than the other two we had with Covid-19...

Sithara007

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Quote from: Ultegra134 on June 20, 2022, 03:03:04 PM

India should be the least of our concerns, to be honest. The United States and EU have created this situation by imposing stupid sanctions and bans creating huge revenue for Russia, while inflation is soaring in US and EU, with gas prices, electricity and groceries skyrocketing. The energy crisis had started since September, but the whole ordeal with the war and the imposed sanctions made it 50 times worse than it already was.

And the worst thing is that all this has just started. I won't be surprised if the prices go up much higher than the current levels. I expect crude oil trading at above $200 per barrel before the end of this year (both OPEC and the US shale oil producers have refused to increase their output). And I expect natural has to trade at higher than $2,000 per thousand cubic meters. The Russians will be happy, but they won't be able to make as much money as they would have liked due to the sanctions. The big gainers here are OPEC nations, such as Saudi Arabia, Kuwait and the United Arab Emirates.

n0ne

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Quote from: Ultegra134 on June 20, 2022, 04:51:08 PM

Quote from: Hispo on June 20, 2022, 03:17:21 PM

Quote from: Ultegra134 on June 20, 2022, 03:03:04 PM

Quote from: Sithara007 on June 18, 2022, 10:53:07 PM

-snip-

What it is crazy about this situation is the fact energy prices are this high during summer in the north: Europe, USA, Canada...

I can't imagine how expensive energy will get once people won't have other option but pay to warm their houses up this year during the winter. Do you believe there is a chance USA/EU would withdraw some sanctions against Russian gas by winter? Or is it more likely USA/Germany would backpedal their plans to push green energy in favor of fossil during the winter?

My heart skips a beat when thinking about the upcoming winter. I was reading an article earlier on The Guardian regarding the war, it mentioned that it could even last years, which means that the situation will only worsen in the future, to the point that it's stressing me out. Fuel prices are expected to rise even further with crude oil being extremely volatile, while the exchange rate of EUR/USD has severely shifted, having a huge impact on imports. Already working two jobs to be able to maintain myself and have some kind of purchasing power, but it's still not enough.

During the year 2014 itself Russo - Ukrainian War have begun. Now in 2022 the invasion have happened. As said this war seems to last for longer days, because in an article saw an old lady starting her vegetable business close to the region of bombs. This shows that people can't survive anymore, they need to do something for survival.

We don't know what is gonna happen by the winter, really painful situation for people residing in such a climate and unable to keep them warm. To go completely on green energy isn't a possible solution for now, and for these climatic conditions it is always the fossil fuels. Russia will make plans to make them stronger when the demand increases.

Ultegra134

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Quote from: Hispo on June 20, 2022, 03:17:21 PM

Quote from: Ultegra134 on June 20, 2022, 03:03:04 PM

Quote from: Sithara007 on June 18, 2022, 10:53:07 PM

-snip-

What it is crazy about this situation is the fact energy prices are this high during summer in the north: Europe, USA, Canada...

I can't imagine how expensive energy will get once people won't have other option but pay to warm their houses up this year during the winter. Do you believe there is a chance USA/EU would withdraw some sanctions against Russian gas by winter? Or is it more likely USA/Germany would backpedal their plans to push green energy in favor of fossil during the winter?

My heart skips a beat when thinking about the upcoming winter. I was reading an article earlier on The Guardian regarding the war, it mentioned that it could even last years, which means that the situation will only worsen in the future, to the point that it's stressing me out. Fuel prices are expected to rise even further with crude oil being extremely volatile, while the exchange rate of EUR/USD has severely shifted, having a huge impact on imports. Already working two jobs to be able to maintain myself and have some kind of purchasing power, but it's still not enough.

Hispo

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Quote from: Ultegra134 on June 20, 2022, 03:03:04 PM

Quote from: Sithara007 on June 18, 2022, 10:53:07 PM

-snip-

What it is crazy about this situation is the fact energy prices are this high during summer in the north: Europe, USA, Canada...

I can't imagine how expensive energy will get once people won't have other option but pay to warm their houses up this year during the winter. Do you believe there is a chance USA/EU would withdraw some sanctions against Russian gas by winter? Or is it more likely USA/Germany would backpedal their plans to push green energy in favor of fossil during the winter?

Topic: LMAO: India resells Russian oil to the European Union. (Read 809 times)