Ukraine Just Bombed One Of Russia's Largest Oil Refineries, In Siberia

[gab13by13]

The drones flew 1,500 kilometres to reach the target.

I think that Ukraine has pretty much bombed every refinery in Russia.

Waiting for the price of crude to go up over this bombing. Oh yeah, the price of crude just ignores what Ukraine has done to Russia's refineries and oil ports.

[Lovie777]

1. Damn...............

ya think that the Republican Party would realize that science is important.

Important in healthcare, life saving medicines, procedures, surgeries, et al., something that at this point time AI can't do, only humans can.

Important in weaponry, protection of the country or defense. AI can't do that neither because you still need humans.

Science, education, moral, compassion, et al.

One thing I truly like about President Z, he LOVES his country and people.

For the US, our federal government hates us.

[frogstar0]

2. Krugman on Ukraine's effect

https://paulkrugman.substack.com/p/suddenly-hormuz-is-less-crucial-than.
Before that war began, Russia was a major exporter of refined petroleum products. But Ukraine’s astonishing mastery of drone warfare has enabled this valiant democracy to carry out an ever-more-effective strategic campaign against Russian energy infrastructure, above all its refineries. Russia not only can’t keep exporting gasoline and diesel fuel, it’s now facing major shortages (and huge gas lines) at home, and may soon be forced to import refined products.

The result is, as I said, a global shortage of refining capacity. Blas suggests that around 10% of world refining capacity is now out of operation.

And this shortage of refining capacity makes the collapse of the jerry-rigged deal to reopen the Strait of Hormuz less relevant than one might have thought. To oversimplify, a true reopening of the Strait would have made more crude oil available to the global economy, but that wouldn’t have done the global economy much good in the short run, because in the world doesn’t have the capacity to turn that crude into usable products.

Perhaps that’s too glib. Gasoline prices have ticked up with the renewed Hormuz confrontation, which wouldn’t be happening if refining capacity were the only constraint that matters:




Chart 4 Source: Trading Economics

Nonetheless, it’s safe to say that the end of the Hormuz deal, such as it was, doesn’t change the underlying dynamics. In other words, expect the pain at the pump to continue and inflation to remain sticky.

And of course the overarching moral of this story is the immense folly and criminality of a war that has left America and the world in a much worse place than they would have been if Trump and his enablers had just left things alone — or, better yet, had preserved the pretty good deal Iran and Barack Obama had agreed to in 2015.

[RedWhiteBlueIsRacist]

3. Hitting Gasputin where it matters, with his gas.

[oasis]

4. Time for the Russian people to overthrow Putin!

Past time actually.