· The Typist
This is often a big misconception in these resource driven countries. It's why they are typically bankrupt.Read where China is selling Russian oil, so Russia should be flush with cash.
Russia produces about 10 million barrels per day 😲 Sounds massive. Crude oil is about $90 per barrel.
So that's a revenue of about $330 billion per year.
But that's just revenue. It costs them over $40 per barrel to produce.
So they net $180 billion per year. That's enough to make Putin's cronies flush with cash. However, for a country funding a war. There are about 145 million people in Russia. That $180B is an average of less than $1,300 per person. That does not go very far. The country is broke. Granted, less broke and that's bad. But I think it is a far cry from calling this piss poor country flush with cash. The corrupt cronies, certainly are skimming off like never before. However, as far as a country engaged in a major war.
"You go to war with the army you have, not the army you might want or wish to have at a later time" Donald Rumsfeld.
This piss poor broke country has a dilapidated and demoralized military. That's what they have. Money can only change that slowly over time.
The problem is that while in the grand scheme of things. This is very little money. Our politicians piss away far more than that without a thought. It wouldn't even come close to covering Crazy Joe's student loan debt transfer scheme. The problem is that Europe needs it far more than it's actual value. It gives power or at least the sense of power to Russia because they depend upon it as they chase their fantasy of not needing it from somewhere for the foreseeable future.
We can if we want, and we should want, to bankrupt and humiliate Russia just as we did when they went into Afghanistan. It would help undo some of the damage we did in turning Afghanistan into Vietnam. It's more about the Chinese and their goal of world domination. What we need to fear most if China miscalculating the U.S. and starting a war that we can't just surrender and run from.