comment: >
  
  Putin: you know that feeling when your are checkmated and you wanna toss chess board to the wall, and tell countries that cap your oil prices; No Oil For You! 
  Everyone else: no not really I did not play chess for while.
context: Nice. The old "you can't sanction me if I sanction myself first" tatic. I like it. Keep it up Russia 👍👍👍 >
  
  He's basically helping us audit our own rule breakers. >
  
  they just enjoy making demands and ultimatums. even if it's something that is already happening anyway. they just want to look tough and important. >
  
  You mean those implementing price caps above the market price? I am confused. >
  
  No, i'm talking about Russia. They like to announce bans on things that are already banned. they like to announce that if you don't stop resisting, they will invade you, when the invasion has already been happening for months, etc. >
  
  "Oh Yeah!? Well, I'll just sanction myself"
  -Putin >
  
  He's playing 10d chess. No one on the planet can comprehend his genius. >
  
  He's definitely pulling out his inner Wiile E Coyote >
  
  Oh no, it hurt itself in it’s confusion. >
  
  I predict this won't last.
  India/China will not buy enough to offset Europe. Even if they did, Russia will have a hard time actually transporting that volume of oil, without having pipelines built.
  So now Russia has three options. 
  Option 1. Keep pumping oil and store it. Where? It will run out of storage capacity very quickly.
  Option 2. Stop pumping oil. Oops, it's winter and the oil wells will freeze/congeal. That's incredibly expensive to fix, and maybe impossible given the equipment sanctions.
  Option 3. Just kidding Europe. Please buy my oil 😊 >
  
  What is to stop Russia from flaring off the oil at the end of the pipe? Keeps the oil in the pipes moving, still spites Europe, and helps to fix the global cooling crisis. >
  
  I've never heard of flaring oil. Flaring typically refers to burning off methane gas, when it's too big a headache to actually process it.
  I suppose they could burn crude but I'm not sure how easily that can be managed and contained, without making the local towns or oil wells uninhabitable. >
  
  A flare tower would manage it quite okay. On the other hand, the towns near the flare would be quite...umm... lets call it unpleasant. Vast quantities of thick, black, oily smoke like what appeared in Kuwait during the Gulf War would be produced as a side-effect. >
  
  They could refill the Baikal lake with oil. >
  
  Hey, if no money is better than some money....so be it Poo-tin. >
  
  Tin poo. Like a still sting been poo that's all pale because you eat nothing but 59 cheese slices. >
  
  Mommy found the poo tin in the piss drawer. >
  
  Mommy made videos of Putin and sold them on the dark web >
  
  “You are lowering the price at which you buy our oil to lower our economy? Well jokes on you I am gonna stop selling completely and tank my economy even further!”
  -Putin apparently >
  
  Hmmm, that might also be a trick to encourage countries that will be affected to buy now in massive volumes and not later - before the ban is actually in effect (which is temporary anyway). Could be a way to artificially buff the economy artificially. >
  
  
  The cap is close to the current price for Russian oil, but well beneath the windfall price Russia was able to sell for this year and that helped offset the impact of financial sanctions on Moscow.
  
  This is the dumbest part to me. Not only did Putin effectively impose sanctions on his own country's economy, but he's throwing a hissy fit about price caps that are pretty much equivalent to the current price of Russian seaborne oil anyway. >
  
  The free market theory says that reducing the amount of potential buyers (aka demand) will result in a price reduction. So he’s still getting boned.