Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
Editorials & Other Articles
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Russia Adrift - Joe Blogs [View all]
Russia’s oil empire is in trouble.
Over 390 million barrels of Russian crude are now floating at sea — part of a record one billion-barrel global backlog.
Tougher sanctions mean buyers have vanished, ports are refusing Russian cargoes, and insurance companies won’t touch the ships.
That’s left around $20 billion worth of oil stranded on tankers, unable to dock — a nightmare for Moscow, which desperately needs every dollar of export revenue.
In this video I reveal:
• How sanctions and enforcement have crippled Russia’s oil exports
• Why tankers packed with Russian crude are circling the oceans with nowhere to go
• How lost revenue and shrinking buyer lists are creating a massive cash-flow crisis
• And why this could force Russia to cut production as storage fills up and sales collapse
This is the moment Russia’s energy machine starts to seize up — and it’s happening in real time.
Chapters:
0:00 Intro
0:50 OIL BUILD UP
2:35 RUSSIAN OIL
3:41 WHY?
8:11 SUMMARY & CONCLUSION