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The Russian Oil Price Cap Explained

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In another attempt to limit the export revenue that funds Russia’s invasion, the West has imposed a price cap on Russian oil. So in this video, we discuss why sanctioning oil has proved difficult, what this cap is trying to do and whether it will succeed.

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1 – https://oilprice.com/Latest-Energy-News/World-News/Russias-Oil-Revenues-Drop-To-The-Lowest-Level-This-Year.html
2 – https://www.bloomberg.com/news/articles/2022-04-01/putin-may-collect-321-billion-windfall-if-oil-gas-keep-flowing
3 – https://www.bruegel.org/publications/datasets/european-natural-gas-imports/
4 – https://www.theice.com/products/27996665/Dutch-TTF-Gas-Futures/data?marketId=5396828&span=3
5 – https://twitter.com/SStapczynski/status/1433322337055567877
6 – https://www.themoscowtimes.com/2019/11/12/russian-oil-production-most-expensive-world-saudi-aramco-ipo-a68132
7 – https://tradingeconomics.com/commodity/urals-oil
8 – https://www.economist.com/leaders/2022/11/30/the-wests-proposed-price-cap-on-russian-oil-is-no-magic-weapon
9 – https://www.economist.com/finance-and-economics/2022/11/30/how-the-wests-price-cap-on-russian-oil-could-roil-energy-markets?itm_source=parsely-api
10 – https://twitter.com/laurnorman/status/1598718934957572096
11 – https://twitter.com/laurimyllyvirta/status/1598210766427262978

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42 Comments

42 Comments

  1. @crushx69

    February 18, 2024 at 4:46 pm

    Really they worked it out, Russia sells it oil at the cap the western country’s agreed on, then charges a higher delivery fee for there oil, they won’t run out of money but a bet America runs out of money first.

  2. @xaviergonzales6880

    February 18, 2024 at 4:46 pm

    Remember Russia isn’t stupid lots of nation will buy oil from Russia

  3. @Sky1

    February 18, 2024 at 4:46 pm

    Price caps is a socialist thing, they implement it when their house of cards start to fall.

  4. @Sky1

    February 18, 2024 at 4:46 pm

    Please tell JB that we have put a cap on his Taxes

  5. @onequestion2059

    February 18, 2024 at 4:46 pm

    The positive side is that Europe will adopt Green Hydrogen ten years sooner because expensive Russian oil pays for invasion of Ukraine, destabilizes Europe, and destroys the environment..

  6. @GelatoA

    February 18, 2024 at 4:46 pm

    lol and we’re still buying it. Why not just let it go?

  7. @narasimhanimmagadda4503

    February 18, 2024 at 4:46 pm

    So Eu wants to buy at 60 from Russia and buy the same at 78 from usa and opec .. G7 thinks Russia is small kid ..

  8. @oleper8571

    February 18, 2024 at 4:46 pm

    5:17 i would look at other country prices for barrel before saying russia has "high" price per barrel

  9. @joeycmore

    February 18, 2024 at 4:46 pm

    Let's not leave out the great equalizer of time. Sanctions take time to work. Does Ukraine have enough time, that is the question. And it's possible for Putin to win a pyrrhic victory that sees him occupy much of Ukraine but his country collapse eventually.

  10. @waynesilva9157

    February 18, 2024 at 4:46 pm

    The Russians are swimming in money.

  11. @philsophkenny

    February 18, 2024 at 4:46 pm

    🤔

  12. @michelbisson6645

    February 18, 2024 at 4:46 pm

    Russia money is backed by gold and natural ressources? What about usa$

  13. @dandanfree2925

    February 18, 2024 at 4:46 pm

    Putin has done a tremendous job in pillaging the russian coffers x 2 decades including the pillage of the cash marked x the Army modernisation in 2002.He knows he has a circus of an army but he had the presumption that you can win wars with fire power only.After all he knows too well from 8 years in Chechnya and another 8 years in Georgia that his soldiers are useless when it comes to warfare and the mercenaries can do nothing too but there will be not mothers complaining x them.The run out of cash is the destiny of the 144 milions bleached minds russian citizens that having lived 2 decades under a criminal government now they must eat propaganda x supper.
    Even the nuclear arsenal can not save the misery the citizens are going to face x decades.THEY ARE PAYING THE WAR BILL LONG BEFORE THE WAR ENDS.
    Even Putin disappearing tomorrow the sinking damage is done.
    In 2019 russia economy was 1% of world GDP ( as Indonesia ) now is 0,5…..a superpower with super problems affecting his sleeping citizens living in the 1945 cronic "security " narrative.

  14. @shinramx

    February 18, 2024 at 4:46 pm

    History Repeated Again, EU acts like V.O.C dictate prices to get lowest price to their benefit
    My stuff is my price to decide ..

  15. @mickrobinson8150

    February 18, 2024 at 4:46 pm

    No

  16. @tomchernota8051

    February 18, 2024 at 4:46 pm

    Marked it down after 2secons..
    Why would u feel need to show your face?!

  17. @denisrehan7544

    February 18, 2024 at 4:46 pm

    Western media is this bad

  18. @Abd45678

    February 18, 2024 at 4:46 pm

    bacon bacon

  19. @zidanhussain8092

    February 18, 2024 at 4:46 pm

    Straight up lucid explanation. But can India use it as an advantage to buy more barrels at a cheaper rate? Is there a supply limit?

  20. @RandomGuy9

    February 18, 2024 at 4:46 pm

    60$ is still double as much as India pays.

  21. @-finalboss

    February 18, 2024 at 4:46 pm

    Great video! but I'm a bit confused, are you talking about Europe, where UK and also all other non EU countries belong to, or just the EU?
    Because when you say Europe the EU flag pops up?
    Keep up the good work!

  22. @ClarkGable1

    February 18, 2024 at 4:46 pm

    Europe will run out of gas 😂

  23. @ClarkGable1

    February 18, 2024 at 4:46 pm

    Europe will run out of gas 😂

  24. @anshulsingh8326

    February 18, 2024 at 4:46 pm

    Comedian president ruining his own country 😂

  25. @nostro1940

    February 18, 2024 at 4:46 pm

    2:30
    Excuse me? You stop buying oil from Russia so the supply drops? Retardinomics?

  26. @Nirvanaext

    February 18, 2024 at 4:46 pm

    be more realistic man, you are trying to ban the russia oil and gas and forcing other country to follow your idea, but in fact its you who suffer since the supply and demand is not balanced. EU is lucky to have the backup of US for oil if you stop the Russian oil, other country such as India and China doesnt have the privileged on that. If India and China stop importing from Russia, they will cripple their economy. oh I remember, EU dont care about other country in Asia and Africa continent. what a joke. Also your news are so unbalanced, and doesnt add other point of view.

  27. @TZI_Melbourne

    February 18, 2024 at 4:46 pm

    There's something about this guys intonation that drives me nuts but also can't stop watching at the same time.. may be he uses up and down thing too often..

  28. @Oliveir51

    February 18, 2024 at 4:46 pm

    Europe and US will run out much before

  29. @himanshugurjar9002

    February 18, 2024 at 4:46 pm

    Its gonna backfire big time.
    Unless u provide alternative oil everyone gonna buy russian oil.

  30. @Cleopatv

    February 18, 2024 at 4:46 pm

    As long Putin sit in power he wont stop he send every last ruble into the war

  31. @TatsuyaLS

    February 18, 2024 at 4:46 pm

    India hit by massive this shipping insurance you saying~ and India are US Allies~ Dare US hit it's own allies~
    But you must forgot Russia is on Eurasia Continent. If shipping doesn't works~ Land line would help, include pipe line for Russia – China~

  32. @farrasmit5486

    February 18, 2024 at 4:46 pm

    Russia has to keep its oil flowing, no matter the price it's sold for. If the wells are shut down, they will freeze and lock production in place. It'll cost billions of dollars and take years of workovers to get production numbers back to par.

  33. @jaycabi19

    February 18, 2024 at 4:46 pm

    Price cap will be in favor of USA then europe and the world will suffer another very wise move to kill each country

  34. @SimbaM2kufu

    February 18, 2024 at 4:46 pm

    China has a bigger income than all EU combined, and Russia has a bigger income than most EU countries, I'm sure they can insure the oil; in fact, they have already started insuring their own tankers, to simplify the response, th3 cap won't work.

  35. @rakesharamaiah2737

    February 18, 2024 at 4:46 pm

    Lift the sanctions from Venezuela, then oil prices will reduce,
    But it definitely hit USA because if less than 40$ USA can't produce oil, because it's production cost is very high, Russia might loose some amount but compare to USA is very less

  36. @rakesharamaiah2737

    February 18, 2024 at 4:46 pm

    Russia played very big game here,
    Russia supply oil through Kazakhstan,
    Now oil tanker it's not going even Europe,
    Because Russia is selling more than price cap to Europe,
    Europe don't have chance,
    For Asian countries it's already giving discount, so price cap only effect to Europe not Asian countries,
    Once again Europe and USA plans are backfired ,
    Very interesting oil game, it's like playing chess,
    Every Europe move , Russia is giving counter and also hitting very hard

  37. @rooibos3857

    February 18, 2024 at 4:46 pm

    This channel is all about wishful thinking if not delusional completely.

  38. @darkmater4tm

    February 18, 2024 at 4:46 pm

    As much as I believe Putin is a villain, the price cap seems just absurd. More absurd than an embargo. An embargo at least makes it clear that you don't want anything to do with Russia and anyone who supports them. Now they are ok, as long as you're trading with them at a discount.

  39. @dragonite1718

    February 18, 2024 at 4:46 pm

    Okay well if we can't cut oil stuff …well let's all invest in renewables and supply Ukraine with long range missiles to attach Russian oil infrastructure

  40. @joeybacus6734

    February 18, 2024 at 4:46 pm

    Nope easiest way is to move to a wartime economy and seize all oil and gas related companies. All checks and balance of all those private companies will be counterchecked by EU and profits will be seized by issue of 100% tax to all profits

  41. @paulvazzo3723

    February 18, 2024 at 4:46 pm

    who knows and who cares , putin has ruined russia and gave them a worse than the nazis

  42. @ashokindian36

    February 18, 2024 at 4:46 pm

    You are thinking from 3 Rd months like red ox balls and thinking it will fall 🤣

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Sources
Le Pen ruling
https://www.bbc.com/news/articles/cvgdlprp1r3o
https://www.lemonde.fr/en/politics/article/2026/07/08/understanding-the-judges-ruling-in-le-pen-s-appeal-trial-serious-offenses-but-light-sentences_6755270_5.html?srsltid=AfmBOop8MvrmAXXnkbdvH6ZIU7F64rHVChHhihtUTmEHMMGDLfOTFeqH
https://www.ft.com/content/82523acf-a51d-4e6a-bb19-60d0c7899b6d?syn-25a6b1a6=1

Polymarket data
https://polymarket.com/event/next-french-presidential-election

Polling
https://en.wikipedia.org/wiki/Opinion_polling_for_the_2027_French_presidential_election
https://tolunacorporate.com/wp-content/uploads/2026/05/Rapport-Toluna-Barometre-Presidentielle-2027-Vague-2-M6-RTL-Mai-2026.pdf

Comparing Bardella and Le Pen
https://www.politico.eu/article/france-marine-le-pen-jordan-bardella-2027-campaign/
https://www.ft.com/content/82523acf-a51d-4e6a-bb19-60d0c7899b6d?syn-25a6b1a6=1
https://www.nytimes.com/2026/05/29/world/europe/france-presidential-election-le-pen-bardella.html

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