Did the West just score an own goal with their sanctions?

[Dear Mami]

Are they are aware of the risks to their economies When they did this?  I wouldn't be surprised.

Well, maybe. We'll see. But I personally doubt that if/when Russia truly turns off the gas, the EU will sacrifice their own people's lifestyles. Those people are very comfortable. Do you really believe they will agree to struggle for long? I could be wrong but my assumption is based on humans generally being very self-centered.

Also . . . Are Russians Europeans? They are not Asians but ethnically, they are Caucasians. Well, most of them. They are diverse. They are the same peoples as the EU peoples for the most part.  I don't understand why they are pushed away/aside like they are not part of this same bunch. They're treated like China/Korea etc. I don't think any other Caucasians are seen/treated this way. It's not relevant to this topic. I just find it interesting/curious.

[KenyanPlato]

Oil markets are dynamic. Usa is releasing strategic reserves to flood the market. The refinery in my area has started bring dirty oil from Alberta. Gas too is in plenty. This would be an opportunity for Tanzania, South America to gain market share. Markets are very efficient and in time they will solve Russia oil and gas problem and the world will move on without Russia

Soon the oil will in Russia will go burst and gas well too. Shell and other multinationals have pulled out of Russia. They run the mining operations.

It is very delicate to fight the world. I hope putin is getting right advise

[KenyanPlato]

Are they are aware of the risks to their economies When they did this?  I wouldn't be surprised.

Well, maybe. We'll see. But I personally doubt that if/when Russia truly turns off the gas, the EU will sacrifice their own people's lifestyles. Those people are very comfortable. Do you really believe they will agree to struggle for long? I could be wrong but my assumption is based on humans generally being very self-centered.

Also . . . Are Russians Europeans? They are not Asians but ethnically, they are Caucasians. Well, most of them. They are diverse. They are the same peoples as the EU peoples for the most part.  I don't understand why they are pushed away/aside like they are not part of this same bunch. They're treated like China/Korea etc. I don't think any other Caucasians are seen/treated this way. It's not relevant to this topic. I just find it interesting/curious.

There are thousands of oil wells and gas sources that are waiting for investments to start producing. He can cut gas. Winter is over but by September the problem would be solved and another market found...it is like when Trump put quotas on Chinese goods they just went sourced soy elsewhere leaving American farmers in mountain of debt. This resulted in states by passing Trump to restore the markets. Brazil and Argentina just took the market

[Dear Mami]

Oil markets are dynamic. Usa is releasing strategic reserves to flood the market. The refinery in my area has started bring dirty oil from Alberta. Gas too is in plenty. This would be an opportunity for Tanzania, South America to gain market share. Markets are very efficient and in time they will solve Russia oil and gas problem and the world will move on without Russia

Soon the oil will in Russia will go burst and gas well too. Shell and other multinationals have pulled out of Russia. They run the mining operations.

It is very delicate to fight the world. I hope putin is getting right advise

The question isn't whether they can replace it at all: they can. It's how soon? The problem with gas is infrastructure. So we're not talking about market dynamics. You can't just pack gas in planes and fly them to EU. This is not wheat.

The Europeans already said they can only (fully) replace Russian gas in 2027. What do you suggest they do in the meantime?  If EU loses 40% of its gas suddenly, it's . . . in trouble, to say the least. This isn't just for heating: it's for their industries. What do you think happens to their economy when so much of its production is knee-capped like this?

This is why I will be very shocked if they go along with this. I insist they will not destroy their economies for the US or Ukraine, in the end. Let's see if I'm wrong. Unlike other nipateans, I have zero hangups about getting predictions wrong: I'm fully comfortable with the reality that I'm not God or a fortune teller.

They're also not fighting 'the world'. 140 countries have refused to join the sanctions.

[patel]

Offcourse you can replace Russian gas with American but at what cost. The best estimates I have seen is between 10X - 20X...who would want that?

Oil markets are dynamic. Usa is releasing strategic reserves to flood the market. The refinery in my area has started bring dirty oil from Alberta. Gas too is in plenty. This would be an opportunity for Tanzania, South America to gain market share. Markets are very efficient and in time they will solve Russia oil and gas problem and the world will move on without Russia

Soon the oil will in Russia will go burst and gas well too. Shell and other multinationals have pulled out of Russia. They run the mining operations.

It is very delicate to fight the world. I hope putin is getting right advise

[KenyanPlato]

That is talk. Markets will reallocate the pricing problem