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by ericmay 129 days ago
> huge reserves of carbon fuel that it can afford to sell under market rates,

Under market rates sure, but it must still be profitable. China and India know that, so they're going to drive down the price to the extent they can so that it's just barely profitable. But you can't just profit from the oil and gas, you need to profit enough to buy fighter jets and tanks, and all sorts of other things.

1 comments

When it’s your pretty much singular source of foreign income you have to make sacrifices.
Russia sells wheat too. Minerals too. Weapons. You will be surprised the oil part isnt at 100% as what western media is telling you. Plus this source is mostly based on what western finance can see. BRICS dont submit data to westrrn finance analysyst anymore since 3 years ago. Anything you want to buy stock or trade you must absolutely ignore western hypes. Incredibly unreliable.