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by doombolt
2765 days ago
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Oil and gas are the only reliable Russian exports. Economic pressure on Russia leads to increase of importance of oil and gas sector as other sectors plunge. This leads to more capacity, more offering. Which leads to price correction, even more offering as prices fall and have to be made for. Which in total leads to massive use of cheap gas. If there was someone committed to decrease in fossil fuel usage they will be making sure that Russia turns into Norway economically and politically. Meaning much fewer extraction of much more expensive fuels and more effort to not knock the ecology in the process. |
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Just to corroborate this, I found this interesting website [1].
"The top exports of Russia are Crude Petroleum ($75.7B), Refined Petroleum ($43.1B), Petroleum Gas ($16B), Coal Briquettes ($10.4B) and Raw Aluminium ($6.08B)"
[1] https://atlas.media.mit.edu/en/profile/country/rus/