comment: >
  
  Oil is always going to be relevant because it’s used for much more than just fuel.
context: Germany on Wednesday shrugged off Russia’s ban on oil sales to countries and companies that comply with a price cap agreed by Western allies, saying it has “no practical significance.”
  “I would not like to say that it’s irrelevant but it has no practical significance,” said an economy ministry spokeswoman, adding that Germany has been preparing since early summer to do without Russian oil. >
  
  Germany: you destroyed any reliance left when you blew up those pipes >
  
  Pretty much,
  on that day the general opinion in Germany about Russian energy went from "It's difficult" to "It's over" >
  
  What are you talking about? It was over way before that, practically and in the publics opinion. >
  
  Yea but politicians >
  
  not even that aside some singular opinions here and there. >
  
  the reality is that much of the oil will still find it's way to banned countries, but with even less profit for Russia, and more for the middle men, who will then also have an incentive to keep Russia isolated.
  and the price cap was intended to reduce Russian profits while not depriving the world of oil, so Russia is playing itself. >
  
  Yeah Oil isn’t really that rare of a resource at the end of the day. Although it is funny that back in the 70s-80s the fear with fossil fuels wasn’t so much environmental but rather we would soon run out of fossil fuel sources. >
  
  The nuance there is that the cheapest oil is long over, but as the price rises some partially depleted wells and extraction methods become competitive again. >
  
  Russia is showing their weakness. >
  
  It's amazing how Germany was able to ditch Russian reliance on gas and oiö >
  
  What are you talking about ? We are currently increasing our storage of gas... during the heating season. No big actor, industry or government, so much as thinks it somewhat likely that shutdowns are occuring >
  
  Jumping from one baseless claim to the next I see.
  German industrial output is up this year, not down. Factories are open full week. There was some panic early on in spring/summer when it was unclear whether Germany would be able to prepare for a winter without Russian gas.
  Current forecasts show that Germany will get through winter just fine without rationing.
  
  You will have the problem that LNG is much more expensive than normal natural gas.
  
  It’s true that LNG is more expensive. But that is not a problem. >
  
  This is the Germany I like to see. >
  
  Russia is busy pulling an Elon. >
  
  Never go full Musk >
  
  There is plenty of US, Saudi and Norwegian oil available. >
  
  I’m in Alberta Canada. The 4th biggest proven oil reserves are about a 5hour drive away. And that proven oil reserve is only 65% of Canada’s oil 
  And the country is under 70% of perm-a frost. Wonder how much is under there we can’t see lol >
  
  Go Canada! >
  
  The resolve to present a cap means a resolve to not buy oil otherwise. The Russian ban is just a refusal with additional steps. >
  
  Lol.....it's like resigning because you have a new job and then your boss saying you're fired in the same conversation. >
  
  I once had a manager say he wouldn't give me a reference. "This job won't even be on my resume" was not what Andre expected to hear in response to his threat. I was already applying for other jobs and, in fact, had not listed that one on my resume. >
  
  The Russian fall into irrelevance is delicious to watch. >
  
  That's a very German thing to say. >
  
  Slapped their dick down on Russias dinner table didnt they. Bravo. >
  
  At this point it would be a bigger threat to germany if canon would stop the export of fax devices to germany ü >
  
  This is the best tl;dr I could make, original reduced by 67%. (I'm a bot)
  
  
  Germany on Wednesday shrugged off Russia's ban on oil sales to countries and companies that comply with a price cap agreed by Western allies, saying it has "No practical significance."
  "I would not like to say that it's irrelevant but it has no practical significance," said an economy ministry spokeswoman, adding that Germany has been preparing since early summer to do without Russian oil.
  Oil prices barely change as Russia unveils export ban.
  
  
  Extended Summary | FAQ | Feedback | Top keywords: oil^#1 Russia^#2 price^#3 Germany^#4 crude^#5 >
  
  Nr 1 item of doing business is trust, which in russian is the name of a tiny village in the northern part of siberia