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
- Baggins ( @FatLegTed@piefed.social ) 59•6 months ago
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.
- JimmyBigSausage ( @JimmyBigSausage@lemm.ee ) English3•6 months ago
Cheese turd won’t be re-elected.
- circuscritic ( @circuscritic@lemmy.ca ) English9•6 months ago
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.
- JimmyBigSausage ( @JimmyBigSausage@lemm.ee ) English2•6 months ago
That’s what the press is saying but the economy is in a phoenix right now.
- circuscritic ( @circuscritic@lemmy.ca ) English10•6 months ago
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.
- JimmyBigSausage ( @JimmyBigSausage@lemm.ee ) English1•6 months ago
- circuscritic ( @circuscritic@lemmy.ca ) English5•6 months ago
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.
- JimmyBigSausage ( @JimmyBigSausage@lemm.ee ) English1•6 months ago
No thanks. Trust your sources.
- NoneOfUrBusiness ( @NoneOfUrBusiness@kbin.social ) 8•6 months ago
Uh… Not necessarily. Biden is floundering in several background states, and he’s not doing much about it.
- Nightwatch Admin ( @nightwatch_admin@feddit.nl ) English38•6 months ago
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
- Justin ( @jlh@lemmy.jlh.name ) English37•6 months ago
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.
- FfaerieOxide ( @FfaerieOxide@kbin.social ) 29•6 months ago
provoking retaliation
Fuck do they think Russia has been trying to do this whole time, send hugs?
- sadreality ( @sadreality@kbin.social ) 29•6 months ago
provoking retaliation
wtf does this even mean? Russia is balls deep into ukraine destroying everything, short of nukes what else can they really do?
- LNRDrone ( @LNRDrone@sopuli.xyz ) English15•6 months ago
Fuck that noise. As much of the oil refineries and all other Russian production capacity as possible must be destroyed
- MxM111 ( @MxM111@kbin.social ) 2•6 months ago
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.
- plistig ( @plistig@feddit.de ) English12•6 months ago
warning that the drone strikes risk … provoking retaliation, according to three people familiar with the discussions.
Yeah, Russia might even start a war with Ukraine if they didn’t stop! Could you imagine that?
- Don_alForno ( @Don_alForno@feddit.de ) English10•6 months ago
warning that the drone strikes risk driving up global oil prices
Good. Where are those sanctions on anyone buying Russian oil anyway? You didn’t hesitate when it was about trade with Iran.
and provoking retaliation,
From a country they are already in all out war with? What, so Russia was holding back until now? Only killing half the civilians and raping half the women they could have?
Fuck these people complaining about oil prices when people are fighting for their lives. Disgusting!
- Sabata11792 ( @Sabata11792@kbin.social ) 8•6 months ago
Sounds like an oil corpo paid a bribe.
- Truck_kun ( @Truck_kun@beehaw.org ) English8•6 months ago
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).
- tryptaminev 🇵🇸 🇺🇦 🇪🇺 ( @tryptaminev@feddit.de ) English4•6 months ago
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.
- PhlubbaDubba ( @PhlubbaDubba@lemm.ee ) English1•6 months ago
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.
- Pistcow ( @Pistcow@lemm.ee ) English5•6 months ago
Dont mess with my dino juice
-America
But for reals, that’s dumb ass hell.