re: Latest Updates: Russia-Ukraine Conflict

quote:

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In the early days, posters touted how the OPC was going to hurt if not cripple Russia..

so what now?

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The government spending is out the wazoo. The Central Bank interest rate is 16% as opposed to the Fed Reserve at 5.25 to 5.5% which we all complain about. Putin is spending on the war out the wazoo for an economy the size of Texas.

Russia has to pay more for imports than other nations.

What Sal doesn't understand is the cash cow that refined products exports were.

That being said, totally outside my business was a request from a client to find tank space for imported gasoline, jet fuel and diesel. I had just happened to be in contact with a company turning a former refinery into a terminal with 4 million barrels of product storage idle and a Suez max tanker dock. I suspect the products might be coming from China.