Strike Gum Now Available on Amazon! www.amazon.com/stores/StrikeGum/page/73C72D26-51B3-40D1-8750-4D21B3462E02?ref_=ast_bln strikegum.com/

When Russian refining infrastructure is hit the oil price goes down, not up, because Russia will have to sell more raw oil and buy back petrol, diesel and nitrates for explosives. Instead of consuming oil russia will be forced to sell...

Actually when Russian refineries are destroyed Russia can’t refine oil into gas or diesel, which in turn causes Russia to have a surplus of crude oil to dump on the market - at a lower price

Ukraine is attacking oil refineries. Russia can still sell crude and let other countries refine it. Russia just makes a lot less money and it makes it more expensive for Russians.

I would like to point out a misconception about the oil price change due to Ukraine attacking the refineries. Oil production is divided into 2 parts; upstream and downstream. Basically, pumping it out of the ground, transportation, and storage of the crude oil is upstream, While downstream includes refining it into gasoline or other products, storage, sales, and shipping to customers. These are intertwined, but can be separate entities. Most major oil producers, including Russia maximize profits by using both in their system. Venezuela has the largest proven oil reserves in the world, but barely can refine enough oil for their own use, having to export unrefined crude. Japan on the other hand has no oil production, but has several very efficient refineries. What is happening in Russia is a unique situation. Estimates vary, and will continue to change as refineries are both repaired and damaged with more strikes, but let's say gasoline and diesel production is down by 15%. They have two options now. First, they can lower their refining of crude oil production by 15%. But the Russian economy is desperate for revenue, so they have decided to sell that extra 15% of available crude oil onto the market. As they are already limited to whom will buy their crude, primarily China and India, this additional crude is being sold at extreme bargain rates. Law of supply and demand show extra crude on the market.... the prices of world crude come down. Please note that many other factors mitigate the world oil prices, such as the limited number of countries buying Russian crude, 15% of Russian oil is not a huge amount compared with world production, and Russia has probably reduced crude production a little bit anyway. I am not going to bore everyone with statistical data, but the price of oil is about $82, and at the start of the war in Feb, 2022 it was $95. Here in America, the national average for the price of gas was $3.51/gal in Feb 2022, now it averages $3.17. That is after 6months of refinery fires and explosions. The data just does not agree with your statements of rising fuel prices by attacks on Russia's oil industry. I want the price per barrel to go down more. Keep striking Ukraine!

Actually the opposite with the oil. Ukraine is NOT destroying oil pumping stations, they're destroying Russia's ability to REFINE the oil into gasoline and diesel. So Russia can still ship its raw, unrefined oil overseas to China, India etc, but Russia now has to send even more of its raw oil to refineries in surrounding friendly countries like Kazakhstan, Belarus and have them refine the oil into gasoline, and have it shipped back into Russia for domestic use. So it only affects Russian people, and Russia is actually sending MORE raw oil overseas to make up the cost, thus LOWERING global oil prices. Thats why US pump prices are 40-50 cents a gallon lower than a few months ago.

Dude, your tank top looks like a Russian army tank top under shirt!

A lot of that infrastructure is basically permanently damaged/broken until Russia fixes relations with certain countries. Lot of their infrastructure requires western parts/products as well as western software and support or training. They're not fixing it anytime soon.

I thought that Russia hadn't been exporting refined petroleum products (gas, diesel) for at least half a year now, in order to conserve these products for the domestic market and the army. So the price hit would have been absorbed in the world market by that decision taken some time ago. And without massive Russian storage capacity to absorb the unrefined oil it has to be exported, which would put more oil on the market and lower the price, not raise it. But if they are forced to import gas and diesel from abroad, then the price of gas & diesel could rise because of that, I suppose.

The attacks don't affect exports. They affect domestic gasoline production

These refineries were designed and built by western companies Shell, B-P and EXXON using software and parts they are familiar with. Shell may use an electronically computer-controlled flow valve made by Bosh, for EXXON their supplier may be Honeywell while B-P may use Quantel as their supplier AND the software releases may reflect upgraded or parts replacing outdate no longer produced. Due to sanctions neither Shell, B-P or EXXON can assist nor can their OME parts supplier so Russia is SOL in getting these refineries up and running. Russia will need the plans to re-run control wiring including CAT 5 and fiber that no doubt molted glass. Copper wire such as control and CAT 5 the heat travels down the wire no doubt cooking remote terminal control boards and consoles.

Paul - some facts about attacks on refineries. Russia has somewhat more than 30 refineries, most on the European side, and they produce for local markets. Russia now has a lack of refined products and needs to IMPORT these from Belarus (where one of two refineries 'caught fire') and central Asian nations (costing huge pressure on the already busy rail system). To buy this, Russia needs to EXPORT more crude, pressuring global crude oil prices downwards! The impact of drone hits on refineries are lower oil prices on global markets.

Russia is importing refined oil products from Belarus these days. They sell only crude oil.

Some guy just showed up in a time machine from 1925 and he asked me to tell you to come back to their pool party.

The funny thing is, russia doesn't tell anyone that those 100 drones shot down are SINCE the war STARTED. So technically, they probably aren't lying, but they make it sound like it just happened.

I have heard that other countries are up their refining capacity, keeping oil prices down and Russia not able to sell refined oil losing greater profits

If Ukraine hits refineries in Russia it impacts the domestic market for gasoline and other refined products in Russia, not necessarily global market prices for crude. Russia exports mainly crude, and these strikes don’t necessarily affect export of crude. A shortage of gasoline in Russia doesn’t necessarily translate into a shortage of crude internationally

Not really true. We are finding that as refineries go off line that oil is then exported increasing supply. Russia can’t just stop pumping as 80% is in the frozen tundra, if they stop pumping the oil freezes destroying the well head.

@CombatVetReacts - I think you need to separate two ideas. Crude oil vs Refined Oil Products. Crude is what is sold to China and India... it is unaffected by strikes on REFINERIES.... why USA is ok with Ukraine hitting refiners is because it impacts Russia's domestic prices for gas, kerosene and diesel . Russias Military runs on diesel... Russia has to spend money with Belarus and Kasakstan to buy refined products... using some of the cash they got from selling crude due to the shortfall hitting the sites does. In fact.... If Russia cant refine... it would rater sell as crude.... lowering crude prices....

Just wait 'til the winter. You know what happens if they're pumping too much oil with limited capacity to store, refine, and/or transport it? They have to shut down wells and pipelines. Those lines have not just oil in them, but moisture and they freeze and burst when the oil stops flowing. Then, it takes decades to bring those wells and rebuilt pipelines back online to capacity. That's on top of the usual damage from the permafrost buckling, forming sinkholes, and causing all sorts of damage to the lines annually that they're not going to have the manpower to fix.

Yeah, that's not what inflation is... the price is inflated, but not cause by inflation.

It is said in a publication of a Russian soldier on a telegram channel that in Dombass, the chiefs of vehicles are forced to stop by gas stations and buy fuel with their own money.

Not if 2:20 using a surplus of wind and solar to make hydrogen or have enough water gravity or Silicium heat storage capabilities.

If Usa wants ukraine to stop striking russian oil, they need to give the best of the best weaponry they have

Thanks Paul - good analysis!

Lots of countries have refining capacity not just countries with large oil supplies, because shipping oil is much easier and safer then shipping many refined oil products. Heavy long chain hydrocarbons are relatively hard to burn and easy to store in barrels. Light short chain refined products are much harder to store and have lower ignition points. They also carry less energy, by volume.

It’s nice to see a lot of educated commenters on the war situation about how Russia loosing refineries don’t rise the price on oil they only stop Russia from making more money forcing them to only sell crude with 80% of chat correcting combat veteran I hope he addresses his mistake next video cause i like his time

Thank You

Wonderful news. Thank you.

Thanks, Paul.

Thanks again.

I heard some discussion about how diminishing russias refined products will actualy reduce the price of some key oil products.

Please read: THESE STRIKES ARE FROM what is called cluster Drone strikes. What that means, is there are two or three strike Drones, with a dozen decoy Drones to confuse air defenses. So the strikers get through to their targets. This highly secret, but very effective... FYI

It's a win-win situation

Thanks, Veteran.

Excellent 👍

Oil refineries don’t output crude oil. They output diesel and gasoline and bunker fuel for ships. Hitting the refineries makes Russia buy refined products from Kazakhstan and Belarus. Hitting the storage facilities is a short term win. They are easy to replace. Hitting the distillation columns puts the whole facility out of service because those components are made in countries that have sanctions against Russia.

Rising prices are a symptom of inflation, but costs also rise in a shortage----which also isn't inflation.

Oil that is not used in Russian refineries is available for exports. So it is adding not reducing the supply.

Actually, Paul, the strikes on refining facilities have more of an impact on domestic oil and gas consumption, including military, than on exports. As a result, Russia is importing refined oil and gas from Belarus and Uzbekestan and is boosting exports of its lower-grade unrefined oil and gas at a greater discount to make up for the financial shortfall, ultimately creating a glut in the unrefined oil and gas market. Ukraine is not only pressuring domestic supply thereby affecting the masses, and hindering supplies to the frontline, they are forcing the Kremlin to pay neighbors for their higher-priced refined oil and gas, straining the economy. Since the RF's domestically produced oil and gas comes from its nationalized firm, Gazprom, the Russian government is likely paying at or below cost for it, if at all. That's why the financial losses of Gazprom are so significant.

I think refining is mostly domestic consumption in the past 2 years. They have previously sold refined oil instead of crude to asia for higher margins, but since 2022, esp. India made more profit by buying crude, refining it themselves, then selling excess to other countries without the refining capacity as non sanctioned products. But India has recently stopped that too. Do China is the only remaining large buyer of russian crude. China also have own refineries and will want to save money by buying crude.

Many comments on global oil prices ignore the trade restrictions and blacklisting, including on those companies transporting Russian crude oil. The global price impact of attacks on refineries and storage will be far less than the impact on Russia's military budget.

I believe I recently heard that India had the largest refinery in the world, the Jamnagar Refinery

Paul is going with the VDV look again.

I think the premise is not true. These are refined products. The crude price works off a different market, generally.

You are not strictly correct. Russia's ability to pump crude is not affected. Only its ability to refine it. Therefore, the price of crude is not affected as you can see in overall market price. Most countries buy crude and get it refined in their own refineries.

Loss of refining capacity forces Russia to export more crude, which allows India to capture Russian profit by refining and re-exporting it. More crude in the market actually stands to lower global prices while raising them in Russia. Russia is now apparently having to import gas from Belarus, and it's just a matter of time before they start buying gas from India that was refined from their own oil haha.

Thanks. If ukraine is targeting just the refinement of oil products in russia I don't see crude oil prices being affected.

If you follow the oil prices, Ukraine hitting Refineries has two benefits. It forces Russia to buy refined oil from foreign countries at elevated prices over normal domestic production. And to afford that higher cost they sell their crude at a lower price due to limited buyers. So Russia is losing their shirts on both ends of the pipeline.

Oil refineries take crude oil and refine it into hydrocarbon products such as gasoline, diesel, aviation fuel, kerosene, bunker fuel and tars. China and India take crude oil and refine it themselves to add value. Refineries taken out of action affect the Russian and its satellite countries domestic markets rather than the world market. It’s impact on crude oil prices is minimal. Now if the Ukraine drones were striking the oil fields, oil storage and shipping that would be a different matter.

in practice we clearly saw the oil prices actually go down

Krasnodar Krai is the oblast, think of like a state, Krasnodar is the city. So while everything else you said is correct, the drones would have been all over the area not necessarily the city... For all I know, it was in that city or the suburbs, but I doubt it, I suspect it was in one of the other cities or near the coast, where all these facilities would be at. This is one part of Russia that I've never been in, in part because of the 2014 and 2008 little incursions of the totally innocent Russian state, but it should be noted that historically these were actually Ukrainian lands. Which would include BTW, Belgorod, Rostov, Krasnodar Krai, and I believe Voronezh... I'm doing this by memory, I'm walking down the street so I can't very well look things up easily, so excuse if I made a mistake or didn't add all of the historical Ukrainian lands...

Originally US was afraid of oil prices increase, but it turned out weeks ago that refinery hits actually lower the price of crude oil, which Kremlin needs to export more. This means price of the barrel goes down. There is no hits on the oil extraction sites or fields which would increase the price.

A Tex on oil refineries don’t affect the price of oil to the west. It just means Russia can’t complete export of refined products or have refined products for its own use. It’s actually

You need to understand its not fuel oil , this should actually push down fuel prices.

Besides all the other comments there is sour and sweet crude. US has a lot of sweet crude but mostly refines sour which is more difficult and of course makes more money.

You’re not Paul. You’re Eddie Alvarez, ex UFC fighter 🥊

once again the AA line of WWII comes into focus ...

I hate to give the Russians credit but being realistic is more important. Two or three days to put out a refinery fire caused by a drone attack does not seem unreasonable to me. Those things are not exactly easy to put out under ideal circumstances if there's a major incident. Honestly it's a little disappointing that they weren't burning longer. Considering that normal company shenanigans can cause refinery fires that burn for a day or two. (Or practically level part of the place) So I'm slightly concerned about the repaiability of that damage. Although thay could probably pull off another attack to keep it down before it comes back online. Not to mention if they even have the ability to repair it.

Russia never learned the StrikeGum factor.

I have examined the many comments made below this one and I am starting to think it may be possible that the strikes will cause the price of oil to drop as Russia is forced to sell oil to raise money in order to purchase petrol and other refined products to make up for the loss of refineries. Just a hunch😊

Russian refineries blowing up may actually DECREASE the global price of oil. If crude can’t be refined, it must be sold or stored, the later of which is expensive. This could cause a glut inside Russia, unless they sell the excess oil at even more discounted prices-and that would cause the global oil price to FALL.

Russia imposed a six-month ban on gasoline exports as of March 1. The attacks on refineries will have little impact on the oil market price at this moment.

It doesn't affect the price of oil. It affects refined products, mostly for Russians who are now importing refined products from Belarus. This means added cost with the profits going outside of Russia. Since Russia needs cash they need to increase oil production, lowering the price of oil.

THE sky is on fire....

So the profit in oil is more in the refineries than the actual stuff, Other countries have been taking advantage of Russia by refining themselves. Russia ideally wants to sell refined oil. India and China will happily buy unrefined oil. Russia can still sell oil but ..

Please God, let this man create a banner for his gum. I am hearing his voice asking me to buy strike gum in my sleep. Please have a static ad covering your face, the corner, anything. I cannot take this for much longer.

Hi. You are wrong about the effects of strikes on refineries. Russian export of crude Oil is not affected by reduction of lokal refinery capacity. And thus, a vattel of

Do you have a private or Corporal tear ?

I personally chew raw guarana leaves for energy. Who needs a piece of gum when you have a bag of leaves. My boss looks at me like im deranged, but the money I save is well worth the social stigmata of bieng a leaf chewer.

Yeah but Ukraine isn’t hitting oil extraction facilities, they are hitting refineries. Forceing Russia buy diesel, gasoline and other petroleum products from China, India etc to fuel their war machine. It also stops them from exporting refined petroleum products which are higher margin products. It doesn’t reduce exports of oil, though so it won’t hurt the price of oil.

Another one bites the dust! Are you ready? Hey. Are you ready for this? Another one bites the dust. Another one bites the dust. And another one gone, and another one gone. Another one bites the dust (yeah). Hey, I'm gonna get you too. Another one bites the dust. Are you still counting with me people because the count is just going to go up and up? As oil prices go down and down.

There is an important point here: Destroying a refinery does not drive up the price of oil. What it does is damage Russias ability to add value to crude. Russia is forced to export crude effectively at a low price which its customers then refine. So they make the profit on the oil. This turns Russia into an importer of refined oil products.

China and India both have refining capacity that they want to use by buying Russian crude. Russia would rather sell refined products, but with refineries going down, they may not be able to produce enough for internal use.

3:31 to be fair, all governments do that

Destroying refining facilities forces Russia to export more crude oil, instead of refined products, thus bringing the oil price down on the world market.

I don't want to be you. I want to be Paul Stanley. Gene might hurt

LOL Refined oil is way more expensive than crude oil The current trend will actually bring pump prices down, not

If Ukraine can get Russia to use $100k missiles to shoot down $20k drones that's a win, especially when you can build drones faster the they build missiles. Taking out Russian refineries should force them to export more crude, reducing oil prices. Especially if Russia has to increase discounts to sell more.

Smoke on the water, fire in the sky...

Refinery hit actually drops oil price, as ruskies have to sell excess raw oil, to buy back fuel they need Not only flooding markets with oil, but shipping back and forth oil and fuel, that is not cheap and occupying rails that could transit weapons instead Also foreign refinery will prioritize their own market first, so nobody BUT russia loses

If you can't process the raw crude oil yourself you can sell it. Targeting refineries forces Russia to sell oil on the open market thereby decreasing its price then having to buy back refine products at a higher cost from other parties this is exactly what the western Ukraine wants

In most places the refining capacity is the capacity nut in RUS all you need to do is disregard the safeties and do more because you were told to..😬 this may be a reason man RUS production plants have fires all on their own…😂 probably going to get worse here in a month or two!

If US increased their production of shale Russian crude would get phased out quickly

Paul has it backwards. Ukraine is harming distillate production, not oil production. When Russian distillate production goes down, while oil production stays the same, since Russia coverts less oil, Russia consequently is using less of their own oil, and therefore has more raw petroleum to sell into the international marketplace. India has plenty of refining capacity (which is contrary to what Paul said) and is happy to absorb the extra oil and refine it into distillates, which then go into the international petroleum distillates marketplace.. Furthermore, contrary to the worries of the Biden administration, initial attacks on refineries actual coincided (after the expected delay) with a decrease in USA gasoline prices. Russia, by the way, compensates for decreased distilled fuel by buying fuel from neighbors like BieloRussia and Kazakhstan; so Russia is buying refined fuel instead of selling it, which is exactly the desired effect - less money for bombs.

Others have commented and I will as well. Striking Russian oil refineries LOWERS the price of crude because it forces Russia to sell more in the open market, increasing international supply.

But the attacks on Russian on oil refineries have not increased the price of oil internationally

Definitely the damage is substantial specially if Ukraine keeps its Special Drone Operation 🎉

Russia Is running Blue Light oil special.. Buy one barrel and get one free.. 😂

Our problem is we do not drill and sell our own Natural gas reserves.. we could solve the energy crises and BRICS at the same time before Saudi arabia NG reserves gets low..

Destroying oil refining infrastructure doesn’t raise oil prices, but actually lowers them since Russia now has more oil to export since they now have less capacity to refine at home. It raises prices for products of oil refining such as gas and diesel, so Russia actually now has to buy gas and diesel from neighboring countries to offset the deficit. Which also raises the prices for the internal consumers. So overall it’s better for everyone except Russia for Russia have less oil processing capacity :)

crude oil will only go down due to these attacks

It took Russian oil & gas industry +20 years to get to this production point! It's all shortly gonna be gone! 🎉 Putin's government lost 148 billion last year, the first time in twenty years!

If countries like the US and Canada that have extremely large supplies of oil put more out into the market it would drive the price down some but cause Biden and Trudeau are both not very good at governance or business they allow prices to go up. We the West must step up oil production and step up with our support for Ukraine. Slava Ukraine from Summerland bc Canada

No... hitting refineries will force the Russians to sell crude instead of refined products, thus driving DOWN the price of crude.

Destroying Russian oil refineries forces Russia to sell crude …. which increases the total supply of world crude oil … resulting in LOWER crude oil prices. The question then is whether there is enough world refining capacity to replace lost Russian refining capacity. If there is, then refined oil prices will remain “stable.”

So gas prices go down not up

For fucks sake Paul... How many time I have to post the same thing thing... Oil refineries do not make oil, they convert oil into oil products like petro and diesel. Hitting refineries don't effect oil prices at all

So if the US wants Russia to sell oil that means US lifted swift sanction when those countries pay for Russian oil? What's the point of giving $ to both Ukraine and Russia too .. btw, China and India buys crude, not refined oil products. The Pentagon & Whitehouse needs to figure things out properly

Why would crushing Russian oil refining make the price of crude go up? It's leaving Russia with a crude oil glut. Excess crude should lower crude oil prices.