Shell is pulling out of Russia, dumping Gazprom deal

[American]

Shell is pulling out of Russia, dumping Gazprom deal

Shell's CEO explained the move in an emotional statement.

www.foxbusiness.com

Now THIS matters. This is where the Russian wealth comes from. Good on Shell.

 

[Moon]

Shell is pulling out of Russia, dumping Gazprom deal

Shell's CEO explained the move in an emotional statement.

www.foxbusiness.com

Now THIS matters. This is where the Russian wealth comes from. Good on Shell.

I agree. I just hope it’s a large enough blow to Russia to save Ukraine from being overrun.

 

[snakestretcher]

Shell is pulling out of Russia, dumping Gazprom deal

Shell's CEO explained the move in an emotional statement.

www.foxbusiness.com

Now THIS matters. This is where the Russian wealth comes from. Good on Shell.

And in retaliation Russia could shut-off or severely limit gas supplies to Europe. In that scenario nobody wins; Russia loses much needed revenue, European domestic energy costs go through the roof.

Europe rethinks its energy strategy after Russia's attack on Ukraine

About 40 per cent of Europe’s gas comes from Russia, but the European Union is expected to release a new energy strategy to reduce its reliance on Russian imports

www.newscientist.com

How will Europe cope if Russia cuts off its gas?

Better than you might think

www.economist.com

 

[Taylor]

And in retaliation Russia could shut-off or severely limit gas supplies to Europe. In that scenario nobody wins; Russia loses much needed revenue, European domestic energy costs go through the roof.

You need to work on being energy independent. It's all the rage right now.

 

[snakestretcher]

You need to work on being energy independent. It's all the rage right now.

There are very few, if any, nations completely energy independent-including yours. Iceland is one of the few.

 

[Taylor]

There are very few, if any, nations completely energy independent-including yours.

True, but with better leadership we'll get there. You can, too!

Russia-Ukraine crisis shows need for US to 'drill, baby, drill'

There are multiple takeaways from a particularly intense week that saw Russia’s incursion into Ukraine prompt Western economies — in a rare and historic show of force and unity — put the financial squeeze on Moscow.

finance.yahoo.com

 

[BlueTex]

True, but with better leadership we'll get there. You can, too!

Russia-Ukraine crisis shows need for US to 'drill, baby, drill'

There are multiple takeaways from a particularly intense week that saw Russia’s incursion into Ukraine prompt Western economies — in a rare and historic show of force and unity — put the financial squeeze on Moscow.

finance.yahoo.com

Only if we restrict exporting of our oil and eliminate the "free market" for energy.

 

[American]

I agree. I just hope it’s a large enough blow to Russia to save Ukraine from being overrun.

Well it may give other companies courage to reevaluate their business relationships with Russian companies.

 

[BlueTex]

Well it may give other companies courage to reevaluate their business relationships with Russian companies.

BP announced they were pulling out on Sunday...

 

[American]

There are very few, if any, nations completely energy independent-including yours. Iceland is one of the few.

Yes, in geothermal energy, but they still need oil.

 

[American]

I hate to jinx this guys, but liberals and conservatives are finally agreeing in one political thread.

 

[Moon]

Well it may give other companies courage to reevaluate their business relationships with Russian companies.

Sure, but the question is whether any of these measures will continue once the crisis in Ukraine is resolved.

 

[Callen]

No country will have oil independence as long as oil in an international commodity in a free, for profit market. To achieve independence you would need to nationalize the oil industry......good luck with that. I guess it could work if you guaranteed the oil companies that you would buy all their oil at we'll above world prices......good luck with that one too.

 

[American]

No country will have oil independence as long as oil in an international commodity in a free, for profit market. To achieve independence you would need to nationalize the oil industry......good luck with that. I guess it could work if you guaranteed the oil companies that you would buy all their oil at we'll above world prices......good luck with that one too.

And there goes our short-lived agreement! What is it with you lefties, that always always always have to get the ****ing government involved?

 

[Callen]

And there goes our short-lived agreement! What is it with you lefties, that always always always have to get the ****ing government involved?

I don't want to involve the government. I'm simply saying the outside of nationalizing the industry there is no likelihood of energy independence......follow the money.

 

[Chainsawmassacre]

I hate to jinx this guys, but liberals and conservatives are finally agreeing in one political thread.

I haven't heard anything from Starbucks. They have 140 stores in Russia that are open for apparently open for business.

Maybe we should boycott until they close Russian stores. How do liberals in here feel about that?

 

[American]

I haven't heard anything from Starbucks. They have 140 stores in Russia that are open for apparently open for business.

It's Starbucks. Nuff said.

 

[Chainsawmassacre]

It's Starbucks. Nuff said.

Yeah they get a pass I guess

 

[Taylor]

Only if we restrict exporting of our oil and eliminate the "free market" for energy.

Nope!

 

[BlueTex]

Nope!

LMAO... If I run a US refinery and can buy oil cheaper from any other country than the US, where do you suppose I will purchase that oil?

 

[Callen]

I am surprised they are still there.....they are very socially conscience. I don't go there so I cant boycott but I am curious, is your suggestion that all American businesses should get out of Russia or be boycotted or did you deliberately single out Starbucks?

 

[BlueTex]

And there goes our short-lived agreement! What is it with you lefties, that always always always have to get the ****ing government involved?

LMAO... Our "conservative" friends suddenly don't believe in the "free market"?

 

[CaughtInThe]

Read this thread carefully and understand how oil/gas works in the free market. And then notice which people are suggesting that we socialize energy.


Is anyone really surprised?

 

[bave]

Now THIS matters. This is where the Russian wealth comes from. Good on Shell.

I don't think this matters that much.

Shell/BP are going to be taking huge losses on selling these positions while at the same time Russia doesn't need the capital or expertise. So Shell/BP are going to get 15-20 cents on the dollar for their position. What's the downside to Russia? It's not like they are a third world country that needs the technology or expertise.

 

[American]

LMAO... Our "conservative" friends suddenly don't believe in the "free market"?

You have a comprehension issue, get back to me when that's fixed.