Russia announced that they will be cutting oil by 500,000 barrels per day starting in March. This is in response to the West putting price caps on their oil products.
Russia will cut oil production by 500,000 barrels per day, or around 5% of output in March, Deputy Prime Minister Alexander Novak said, after the West imposed price caps on Russian oil and oil products. Read more https://t.co/sJJ2nQKOTq pic.twitter.com/7n5V6MBwMs
— Reuters Business (@ReutersBiz) February 10, 2023
The production cuts are going to result in higher oil and gas prices in the West. The price cap plan was stupid and only retards and morons actually believed that it would work. If you thought it would work, than you probably think you can go to gas stations and demand to pay no more than $1 for a gallon of gas.
Even the jackoffs at the Jew York Times admitted that Russia has not been impacted by the sanctions and price caps. Although they spin it claiming that Russia will find it challenging to deal with the sanctions.
Russia not only retained but increased money from energy exports, though it’s not clear that it can keep outmaneuvering efforts to throttle oil revenue, @akurmanaev and @stanleyreed12 write. https://t.co/bXCkVuN35U
— NYT Business (@nytimesbusiness) February 8, 2023
Gas prices in the United States have gone down from highs this past year due to some demand destruction and the Biden regime dumping oil from the strategic reserve supplies. The problem for them is that they can’t do this indefinitely. They are going to have to replenish the strategic reserve at some point and when that happens, fuel prices will surge again.
Everything the West has tried to do against Russia has failed. They will never admit failure though. Nobody ever makes mistakes in Washington DC according to the people who work there. They all think they’re great geniuses because they regurgitate buzzwords they hear at the World Economic Forum.
