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one way to increase prices

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If the West didn't gut its nuclear energy production this wouldn't be such an issue. Relying on other nations to meet your energy needs seems like such a massive risk.

I don't think it's that easy. Russia enriches more than half of the world's uranium and today exports 15% of the US' total uranium purchases. The world's largest producer (Kazakhstan) is a landlocked former Soviet state that moves its uranium through Russia's borders.

Russia also builds and maintains most of the world's nuclear plants.

Don’t forget about the Caspian Sea! It can carry cargo. It doesn’t necessarily have to go through Russia proper.

The easiest and most effective way. That's all OPEC really does - it's easier to manage supply than it is demand.

They still have to transship through another country, because they don't have access to the ocean - and it's not as if they're surrounded by stable or western friendly countries. Plus Kazakhstan traditionally has quite strong relations with Russia, though it should be noted Kazakhstan is supporting Ukraine.

Regardless, the world's largest enrichment facilities are in Russia. They are expensive and take many years to build - the US only has one enrichment facility itself. For the foreseeable future, Russia is a major player with nuclear power generation.

> the West

Well you can be more specific:

"Thus, even if solar or nuclear technologies were to be considered viable alternatives, they would not really displace fossil fuel energy for the next 40 to 50 years."

-- Exxon report written 40 years ago: https://www.documentcloud.org/documents/2805576-1982-Exxon-Memo-to-Management-About-CO2 page 24

They knew.

Production dropped 5% futures price increased 2%. Mission accomplished Putin you did it.

Give them credit they’ve been very successful in downplaying the climate crisis and slowing down the shift to renewables. The cunts.

But Russia really won’t benefit from this. Urals is still selling much lower than Brent or WTI and cutting oil production will only hurt their own revenues.

OK that’s one more point to Mr. Zeihan. He’s still wrong about a bunch of stuff though hmff.

Yeah, he's right about a bunch of stuff, he's just wrong that "it's all going to fall apart in a matter of days". Things will happen negatively, in many markets, but corporate profit motive in the west and Asia will do its damnedest to find other sources of whatever products and resources, and will find ways to mitigate things... and they will largely succeed. What will happen is wealthy people and wealthy countries will continue to be wealthy and get wealthier, and everyone else will gradually increase their speed circling the drain.

actually they do benefit. not financially. increase cost to consumers and increase consumer frustration

Probably not going to have long-lasting effects since oil demand is also dropping.

Especially if you're a net producer.

Watch them squirm...

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Temporarily. Other producers will respond.

This is Vladolf Shitler cutting off his nose to spite his face again.

Temporarily. Other producers will respond.

This is Vladolf Shitler cutting off his nose to spite his face again.