Close to two thirds of Russia's oil refining capacity is off line. Production has fallen from around 7 million to around 3.3 million bpd.
The refiners are saying that's because of problems exporting refined oil due to sanctions and payment problems etc. BUT, Russia's peace-time petrol consumption is around 3.6 million barrels per day. That's in peace time - when they aren't trying to supply a massive ground offensive in Ukraine. They may be able to get some petrol from Kakazhstan or other friendly states but I doubt it's enough to make up the deficit. This leads to a theory about the limited use of Russian airpower - they don't have enough avgas to support their entire fleet. Russian oil refineries like other Russian industries depend heavily on imported components even in peace time. This is why stuff like Shell withdrawing from Russia is significant. News report on Russian refineries idling capacity https://www.reuters.com/business/energy/russian-oil-refiners-signal-deeper-cuts-refinery-runs-amid-overstocking-2022-03-31/#:~:text=Russia's%20idle%20primary%20oil%20refining,refinery%20capacity%20outage%20on%20record. Russian domestic oil consumption: https://www.worldometers.info/oil/russia-oil/#:~:text=Oil%20Consumption%20in%20Russia&text=Russia%20consumes%203%2C631%2C287%20barrels%20per,of%2097%2C103%2C871%20barrels%20per%20day. Prewar Russian refining capacity: https://www.worldometers.info/oil/russia-oil/#:~:text=Oil%20Consumption%20in%20Russia&text=Russia%20consumes%203%2C631%2C287%20barrels%20per,of%2097%2C103%2C871%20barrels%20per%20day.
https://independentaustralia.net/politics/politics-display/chalmers-fantasy-of-making-a-better-capitalism-is-absurd,17189 The problem with Chalmers' essay about "value-based capitalism" is that it's a bunch of benign long term aspirations - much like Labor's talk of reforming Medicare. But just as with Medicare, the current Labor government is hamstrung by their determination to deliver massive tax cuts promised by the last government, massively increase defense spending and pursue a lower deficit despite the fact we have among the lowest budget deficits and public deft as a percentage of GDP in the developed world. Faced with reports of a radical reduction in this year's budget deficit, Chalmers response isn't relief so much as embarrassment and an insistence that no additional public spending is possible. So with Medicare we get vague talk of allowing nurses, chemists and other related professions to prescribe medications that can currently only be pre...
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