Robert Roth
Nov 17, 2023

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Short term Denmark could seriously affect Russian oil profits. I wonder how desperate Russia is to keep up its oil profits, both short and long term.

My understanding is Russian oil output will decrease without a boost from western oil industry technology. The Soviet oil infrastructure needs some repair.

As EV shift gasoline and diesel to electric power the demand for oil decreases. Gasoline and diesel account for 50% of oil consumption in the U.S. It is possible for US gasoline and diesel consumption to drop by 50% by 2034. The EU and China perhaps on a faster pace.
Back to Russia. Any guess on when Russian oil profits decline by 50%, even after Ukraine war is resolved?
I wonder if the invasion of Ukraine was long term economic planning as a way offset lost of Russian oil profits by exploiting Ukraine assets.

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Robert Roth
Robert Roth

Written by Robert Roth

Retired Intel Electrical Engineer, 70's US Navy Officer Nuclear Power Program, Graduate studies in Business UC Berkeley, BSEE U of Fla.

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