Our familiar system of global political and economic alliances is shifting, and nothing has made this change clearer than the varied reactions to Russia's invasion of Ukraine.
This is what the US spent the last decade doing with fracking. It drove oil prices down to the point where fracking was no longer pofitable and is one of the reasons why the "rules based international order" is breaking down. The US stopped playing by the rules, i.e. buying oil at OPEC manipulated prices.
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Russian gas is being blocked from global export, so this is simple arbitrage.
Buy Russian gas at a discount and sell your own stuff at market rate. Pocket the difference.
Most efficient system btw
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He just forgot to consider human nature
So the west is still effectively buying Russian gas, SA is just making an extra buck to facilitate this transaction. LOL.
Oh yeah. They're effectively buying Russian gas at a premium. Russian gas normally sold below market rate, even before the sanctions.
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This is what the US spent the last decade doing with fracking. It drove oil prices down to the point where fracking was no longer pofitable and is one of the reasons why the "rules based international order" is breaking down. The US stopped playing by the rules, i.e. buying oil at OPEC manipulated prices.