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itself it has been the full frontal
20:23
assault on Russia's energy business
20:25
Russia has become an economic
20:27
afterthought Russia is in no way an
20:30
economic superpower in the world uh
20:32
their uh their economy people used to
20:35
say is smaller than Italy it's course
20:36
smaller than Chile now and that's not
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Putin's swag or suggesting that there's
20:44
some big tough uh neighborhood bully why
20:47
in fact uh the Russia is two-thirds of
20:51
its economy was coming from the energy
20:52
business we now know that nobody needs
20:56
uh Russia's gas Europe 86 of the eu's
21:00
gas was coming this time last year when
21:02
we had we spoken uh 86 percent was
21:05
coming from Europe from Russia now it's
21:08
it's less than seven percent and it go
21:10
it could go to zero and be
21:11
inconsequential uh is that a permanent
21:15
change as well can Russia ever regain
21:17
the EU as a as the major market for its
21:20
oil and gas
21:21
no if you talk to the Baltic Nations
21:24
Latvia Lithuania Estonia who never fell
21:26
for what Germany and others fell for a a
21:29
a Russian a short a Russian dependence
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21:50
Germany they have built six Mega
21:53
conversion plants and terminals to
21:55
receive liquefied National Gas most
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22:31
now Norway and the U.S provide
22:34
individually provide more than Russia
22:36
did at its peak and now Algeria and
22:39
others are also adding to the equation
22:41
there are 12 other nations with very
22:43
competitively priced LNG lng's prices
22:46
fall around 70 percent in the period of
22:48
time this last year so it's becoming
22:50
more and more affordable and the LNG
22:52
gets converted thanks to Germany and
22:54
some Iberian Peninsula conversion plans
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23:18
Europe all Putin has is vaporform gases
23:20
it's natural gas when he with his
23:22
bravado says and that I we're just going
23:25
to Pivot and sell it to India and China
23:27
he can't why because he doesn't have the
23:29
network of pipes again the IMF the World
23:31
Bank and most economists at major
23:33
universities missed that they didn't
23:35
realize that that Asia needs the the
23:39
um the network of pipelines uh from
23:42
Russia that they don't have it'll take
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um the UK the EU uh the US have all uh
24:10
encouraged a 60 price cap because that's
24:13
where Russia is at basically just above
24:15
break even right now Russia is losing uh
24:18
on every every gallon of every barrel
24:21
that they produce it cost them forty
24:23
five forty six dollars a barrel to
Quote:
25:32
economic side we had the mayor of Moscow
25:34
until he was silenced admitting by April
25:37
uh toss of all things reported this
25:40
hundreds of thousands of idle workers
25:42
were in the streets with nothing to do
25:44
we're going to see that increase uh
25:47
equally dramatically
25:49
it's a conservative estimate that 3
25:51
million highly sophisticated Russians
25:54
have fled the country uh we know uh that
25:57
this is not exaggerated number because
25:59
toss itself Again by April had already
26:01
reported 700 000 have left well where
26:04
have they gone they've gone to Georgia
26:05
Moldavia and neighboring Nations but uh
https://www.youtube.com/watch?v=QU0resswOds
23 Feb 2023, 10:05 pm
