Putin’s War Will Go Bankrupt if the Oil Prices Drop | Weekly Wrap-up

    The oil prices can suddenly drop if Saudi Arabia decides to boost production and flood the market with cheap oil. That’s catastrophic for the Russian budget and for the war budget in particular. Putin will basically “go bankrupt” for financing the war against Ukraine and the West if the oil prices fall low enough. But there’s a bigger player to that, too. China is a major world player and it is getting Russia more and more dependent on its political will. Henry Keen has discussed it with Oleksandr Khara, a Ukrainian diplomat with experience and an expert in world politics. Watch more to know all the details of this thoughtful interview.
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    44 Comments

    1. Slava Ukraine Forever πŸ’›πŸ’™πŸ’›πŸ’™πŸ’›πŸ’™πŸ’›πŸ’™πŸ’›πŸ’™πŸ’›πŸ’™πŸ’›πŸ’™πŸ’›πŸ’™πŸ’›πŸ’™

    2. SΓ£o Paulo (Brazil), April 10, 2024.

      Putin's dictatorial regime made a very serious mistake by taking Crimea, promoting secession in Ukraine and invading it.

      This is a fatal error by the Putin regime, with serious consequences for the future of the Russian Federation, as can already be seen.

      Not only will the TERRITORIAL INTEGRITY OF UKRAINE be fully restored, but the Russian Federation will also have to pay for all material and moral damage caused to Ukraine. And those in Putin's regime will have to answer for the numerous war crimes committed against the Ukrainian people.

      Therefore, the sooner the Russian people get rid of Putin's regime, the better it will be for the Russian Federation. The best solution, obviously, is for the Russian people to fight for true democracy and join the European Union.

      According to reliable sources, Putin is now the richest person on the planet. Citizens of the Russian Federation should ask themselves about the origins of Putin's immense fortune.

      Autocracies and dictatorships are dumb systems with no legitimacy.

      According to Peter Drucker, being efficient is doing things right (doing things correctly); and being effective is doing the right things (doing things that lead to achieving desired goals).

      For example, we are being efficient and effective when we drive correctly on the right road that will take us to our desired destination.

      And how can we know, moment by moment, if we are being efficient and effective? Very simple: examine, at each moment, the feedback we receive. In the case of the road, the feedback groups are the signals along the road and the signals that our car's instruments give us.

      Our intelligence, as individuals and as a species, is directly proportional to our ability to be efficient and effective in solving the problems that afflict us.

      Dictatorial and autocratic governments not only ignore feedback, they also prohibit citizens from providing it, punishing those who dare to do so. Therefore, they are dumb systems, causing serious problems, as history has shown.

      And precisely because they are dumb systems that are imposed on citizens to exploit these citizens, autocracies and dictatorships have no legitimacy.

      And they become vampiric: Putin's regime, to maintain itself, continually needs the blood of the young people it throws into the carnage of war.

      Increasingly hated around the world, instead of strengthening the security of the Russian Federation, Putin's regime is achieving the opposite effect.

      What we have is a system of autocracies (therefore without legitimacy), made up mainly of Russia, Iran, North Korea and China.

      This system has become extremely aggressive, it has already invaded Ukraine and will soon try to invade Taiwan.

      It is against such a system that democracies are fighting.

      Prof. Alvaro C. G. Gemignani

    3. Beware of all religions. β€œFor soon the day of the Lord [God] will come on all the nations: you shall be treated as you have treated others, and your deeds will recoil on your own head.” – (The Prophet Obadiah 1: 15) – The Lord God is our true Father in heaven and on earth. So never worship and pray in the way of the many false prophets who lead all religions….

      β€œBut when you pray, go into a room by yourself, and shut the door. Pray to your Father who is there in the secret place; and your Father who sees what is secret will reward you openly.

      In your prayers do not go babbling on like the heathen, who imagine that the more they say the more likely they are to be heard. Do not imitate them. Your Father knows what your needs are before you ask him.

      This is how you should pray:

      Our Father in heaven, hallowed be your name,

      Your kingdom come; your will be done, on earth as in heaven,

      Give us today our daily bread,

      Forgive us the wrong we have done, as we have forgiven those who have wronged us.

      And do not bring us to the test, but save us from the evil one.

      For yours is the kingdom and the power and the glory, for ever.

      Amen.

      For if you forgive others the wrongs they have done, your heavenly Father will also forgive you; but if you do not forgive others, then the wrongs you have done will not be forgiven by your Father.” – (The Prophet and Messiah Jesus of Nazareth at Matthew 6: 6-15) –

      β€œPass no judgement, and you will not be judged. For as you judge others, so you will yourselves be judged, and whatever measure you deal out to others will be dealt back to you.” – (at Matthew 7: 1-2) –

      β€œIn truth I tell you, if anyone obeys my teaching he shall never know what it is to die.” – (at John 8: 51) –

      β€œAlways treat others as you would like them to treat you: that is the Law and the Prophets.

      Enter through the narrow gate. For wide is the gate and broad is the road that leads to destruction, and many enter through it. But small is the gate and narrow the road that leads to life and only a few find it.” – (Matthew 7: 12-14) –

      β€œI am the gate; anyone who comes into the fold through me shall be safe. He shall go in and out and shall find pasturage.

      The thief comes only to steal, to kill, to destroy; I have come that men may have life, and may have it in all its fullness.” – (John 10: 9-10) –

      β€œBeware of false prophets, men who come to you dressed up as sheep while underneath they are savage wolves. You will recognize them by the fruits they bear.” – (Matthew 7: 15-16) –

      β€œNot everyone who says to me, β€˜Lord, Lord,’ will enter the kingdom of heaven, but only the one who does the will of my Father who is in heaven.” – (Matthew 7: 21) –

      β€œI am the resurrection and I am life. If a man has faith in me, even though he dies, he shall come to life; and no one who is alive and has faith shall ever die.” – (John 11: 25-26) –

      β€œI have not come to judge the world, but to save the world” – (John 12: 47) –

      β€œWhoever then will acknowledge me before men, I will acknowledge him before my Father in heaven; and whoever disowns me before men, I will disown him before my Father in heaven.” – (Matthew 10: 32-34) –

      β€œI am the way; I am the truth and I am life; no one comes to the Father except by me. If you knew me you would know my Father too.” – (John 14: 6-7) –

      β€œAn expert in the law, [a leading religious Pharisee] tested him with this question: β€˜Teacher, which is the greatest commandment in the Law?’ He answered, β€˜Love the Lord your God with all your heart, with all your soul, with all your mind. That is the greatest commandment. It comes first. The second is like it: Love your neighbour as yourself. Everything in the Law and the Prophets hangs on these two commandments.’” – (Matthew 22: 35-40) –

      β€œThere is no greater love than this, that a man should lay down his life for his friends.” – (John 15: 13) –

      β€œDo not call any man on earth β€˜father’ ; for you have one Father and he is in heaven. Nor must you be called β€˜teacher’ ; you have one Teacher, the Messiah.’” – (Matthew 23: 9-10) –

      β€œTake care that no one misleads you: For many will come claiming my name…” – (Matthew 24: 4) –

      β€œMany false prophets will arise, and will mislead many; and as lawlessness spreads, men’s love for one another will grow cold. But the man who holds out to the end will be saved. ” – (Matthew 24: 11-13) –

      β€œTeach them to observe all that I have commanded you. And be assured, I am with you always, to the end of time.” – (Matthew 28: 20) –

      Yours, in true Spirit and in our one given prayer, 2gointruth, on Sunday the 6th of October 2024: – (Please read Matthew 5: 14-16) – Where every minute (of both day and night) can be a new beginning for any one of us. Let it always be you. Pray to God often, as prescribed above, before it is too late.

    4. False hopes that oil price will drop dramatically. The risk is that it price will increase instead beacause all the turmoil in Middle East with Israels war looming against Iran. Both Saudi Arabia and UAE are also member of Brics just like Russia. They will sort out their problems. China will turn to Russia to secure oil output if Israel is bombing Irans oilindustri.

    5. Add a comment…

      @bbanos
      0 seconds ago
      Yes.

      Only Ukraine, President Zelensky the AFU and Michael (energy dept), soon-to-be, president Kamala Harris, General M. Rutte & Ursula von der Leyen understand this.

      Deals are being made by the WH, Washington and Opec's president Haithem Al-Gais I am sure..to lower oil prices to the $45 /barrel break-even point of Russian oil (what a coincidence).

      Russia, circa 2020, will be footnoted as 1. "A gas station masquerading as a country",2. A most backward- leaning 19th century barbaric atavism of a nation that slits the throats of newborns and genocidally cleanses independent countries 3. A nation built on command- economy principles such that bad news is not allowed to reach the top and 50% of oil revenues are diverted into pockets and Swiss accounts instead of into toilets, internal plumbing, roads, modern technology development, social development of schools and Universities …

      The irony is the paradox that for putin and the Siloviki to survive and pocket the 50% there cannot be an independent competitive market economy : one negates the other – a perfect zero sum game.

      The riddle is how can Russia disassemble and be recast as a Phoenix out of the fire? A conundrum indeed.

      On Ukraine's side of the border, while we will grieve the next 100 years over lives lost to Putin's barbarism, Ukraine is proving itself as the most innovative; technologically superior country that all nations in the EU and the UN will revere, respect and emulate. Ukraine has proven to epitomize the heroic virtues of 1.Wisdom, 2. Temperance, 3. Courage, & 4.Justice as enunciated by Marcus Aurelius in his Meditations.

      I am moving to Kyiv to marry my fiance of five years as we will outlast both Covid and this war. There I will spend my years helping in small ways to rebuild Ukraine. It is the least I can do.

      Few Americans will do this, but most Americans under the coming Harris/Walz presidency will evince stronger stands against totalitarian regimes in the world and will be a stronger advocate in Word and Deed for Ukraine's victory and Ukraine's prosperity.

      Π‘Π»Π°Π²Π° Π£ΠΊΡ€Π°iΠ½ii and may God bless all the fallen who are in our memories and the 40 million Ukrainians alive today who are stricken with PTSD for the rest of their lives as Ukraine rebuilds its beautiful and exceptional country.

      B Banos -California

    6. Russian government external debt is only 25% if GDP they still options even borrowing from China They are not totally dependent on oil they have a increasing wheat corridor with China and the global south and also they can take western assets held within Russia as the west have done to Russia.

    7. Europe needs oil. They get it now for a higher amount. The conflict in the Middle East will make it even more profitable.
      πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚
      So goodbye my former Ukraine.
      Now the naczitic regime is on the run.

    8. It’s time that Saudi Arabia takes a side. The Iran war will not help with the oil price. They have all the western weapons and security guarantees. Yet they cuddle up with Russia and China.

    9. Iran threat to bomb oil output in other countries if Israel bombs Iranian production backfires and brings Saudi Arabia to it's senses. So Israel doesn't need to do anything.

    10. oooh collapse like the other 500 things that ruined russias warmachine over the last years?! ……. dont believe any of this anymore!

    11. Russia is living off the profits of years gone by, Gazprom posts losses, sanctions hit hard, interest rates are 19%, there is a demographic collapse, worker shortages, millions have run away from Russia, 600,000 are dead or injured, inflation is high, and the world has ramped up renewables 600GW of solar installation this year, 3TWh of battery capacity this year, what has Russia got after big oil dissolves? Wheat? Tick Tock the Russian empire is on the way out, it will split into many independent countries, but who will get the finger on the nuclear buttons?

    12. a small contribution to that will also be the new CO2 emission regulation for cars in the EU 2025. it pushes european car manufacturers to sell about double EVs compared to 2024.
      another small contributor are solar power generation as a grass roots movements because of a price drop of about 20% for solar cells and storage batteries in 2024.
      that pushes back the need for oil and gas which lowers the price of crude oil.

    13. Putin wants peace, no US nuclear weapons in Kharkiv…is that difficult for Ukraine to do?? At least, the Western world is learning it the hard way…who's the BOSS.
      They have hard time sending weapons, fearing their cities to receive nightmare, will they be able to reconstruct Ukraine when Russia achieve its so called "goals"? As we saw East Germany helped Soviet Union fell, we're saying Ukraine doing the same to West.
      I wouldn't have allowed such evil on my country, if I were the president.

    14. You should see all types of propaganda run by NATO and America against Russia and also try to impose sanctions, but you could not harm Russia at all because you cannot win against Russia in the midst of history, try this as well and see and impose those sanctions which have not been imposed, you will never succeed because the truth and God is with Russia.

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