Vladimir Putin’s blunt message that NATO boots on the ground in Ukraine would be “legitimate targets” sent a sharp signal to the West, stressed Argentine political analyst Luciano Anzelini.
No, the distinction is important. Russia mostly extracts petroleum and gas, and exports them. The processing happens in China or India. Then, the processed components, including petrol (gasoline), are resold by China and India.
Now I’m sure Russia would rather their refineries not be attacked, and these disruptions could very well cause local shortages or price fluctuations. But for the wider economy or overall supply chains, this won’t matter much.
Look at the six categories in the graph. Only the dark red represents processed petroleum.
Why would anyone sell cheap crude then buy back expensive gas??
Right, why would any country export cheap raw materials and buy back expensive finished products? That could never happen, right? Surely the majority of the world’s countries aren’t doing it?
Why have refiners if youre exportibg crude?
Bunch of reasons: (1) for domestic use, (2) they can sell it for more, and (3) Russia had a great industrial sector back when it was part of the USSR, and some of that still survives.
But you are right that attacks on Russian refineries will reduce the processing that is happening within Russia. They will have to buy more products from China, etc. Hopefully this convinces their government to invest in industry, but based on what I’ve seen so far I’m not holding my breath on this.
No, the distinction is important. Russia mostly extracts petroleum and gas, and exports them. The processing happens in China or India. Then, the processed components, including petrol (gasoline), are resold by China and India.
Now I’m sure Russia would rather their refineries not be attacked, and these disruptions could very well cause local shortages or price fluctuations. But for the wider economy or overall supply chains, this won’t matter much.
Wow, you’re dumber than I initally thought…
https://energyandcleanair.org/june-2025-monthly-analysis-of-russian-fossil-fuel-exports-and-sanctions
He first graphic here proves you wrong
Why would anyone sell cheap crude then buy back expensive gas??
Why have refiners if youre exportibg crude?
Look at the six categories in the graph. Only the dark red represents processed petroleum.
Right, why would any country export cheap raw materials and buy back expensive finished products? That could never happen, right? Surely the majority of the world’s countries aren’t doing it?
Bunch of reasons: (1) for domestic use, (2) they can sell it for more, and (3) Russia had a great industrial sector back when it was part of the USSR, and some of that still survives.
But you are right that attacks on Russian refineries will reduce the processing that is happening within Russia. They will have to buy more products from China, etc. Hopefully this convinces their government to invest in industry, but based on what I’ve seen so far I’m not holding my breath on this.
https://youtu.be/p_2VmYHU6lk
Hitting pipline pumping stations too