this post was submitted on 08 Dec 2023
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Ukraine

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The Sanctions Against Russia Are Starting to Work (www.theatlantic.com)
submitted 2 years ago by Ulara@sopuli.xyz to c/ukraine@sopuli.xyz
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[–] MrMakabar@slrpnk.net 2 points 2 years ago

Russian gas exports are down a lot, due to Russia cutting gas flows to the EU and not really having a good alternative.

For oil we already see prices falling. The high price due to supply cuts by OPEC+ has lead to mainly the US increasing its oil production. Bidens Inflation reduction act, as well as the EU banning fossil fuel cars and Chinas continued push for EVs are going to lower consumption in those regions or in case of China lower growth. That is slowly but surely destroying that market as well. However it is important to say that renewables are not really the technology to look at. The more important ones are public transport and EVs for oil and heat pumps for gas.