LifeFuel Russians have a booming economy because of this war.

[Zogpilled]

As you can see the value of the ruble is skyrocketing. Russia is forcing European nations to buy their gas and oil in rubles.

 

[WizardofSoda]

In 2021 Russia produced 10.1 million barrels a day of oil. At the current price of $109 USD per barrel that is $401 billion a year in revenues. Of course before the war oil was up to $90 dollars a barrel so it might not have made a big difference as Russia may be taking a discount on some of its oil exports.

Then the price of crops has risen a lot although I haven't looked at the numbers yet, just reading in media reports that crop prices are way up. Then natural gas prices are way, way up. So even if they are exporting a lot less, probably getting a lot of revenues. Then there is all the other resources which we were in this growing bull market for commodities before the war, then the war intensified that.


The big one I think is the oil. If you look at Russia's economy in nominal terms it is about $2 trillion USD. In purchasing parity terms it is much bigger at maybe $5 trillion USD equivalent. In purchasing parity terms Russia's GDP per capita isn't that bad interestingly. Its not far behind some of the West Europeans by that measure. Its just in the nominal GDP per capita its a lot lower.


Either way this level of import revenues, with oil being nearly pure profit beyond a certain price per barrel, it is absolutely enormous how much wealthier it makes the country. Because this money then circulates in Russia.


A lot of Russia's problems I think is Russia was getting stronger between 2009-2014, that was a 6 year oil bull market. Then from 2015-2020 it was a 6 year oil bear market which must have brutally hit them. But now we are in the next oil bull market, probably will be another 6 years from 2021-2026. And its a general commodities bull market now.

Edit to add: 2014 was when Russia they took Crimea with what appeared no opposition.

 

[Misogynist Curry 卐]

Putin is based.

 

[Zogpilled]

In 2021 Russia produced 10.1 million barrels a day of oil. At the current price of $109 USD per barrel that is $401 billion a year in revenues. Of course before the war oil was up to $90 dollars a barrel so it might not have made a big difference as Russia may be taking a discount on some of its oil exports.

Then the price of crops has risen a lot although I haven't looked at the numbers yet, just reading in media reports that crop prices are way up. Then natural gas prices are way, way up. So even if they are exporting a lot less, probably getting a lot of revenues. Then there is all the other resources which we were in this growing bull market for commodities before the war, then the war intensified that.


The big one I think is the oil. If you look at Russia's economy in nominal terms it is about $2 trillion USD. In purchasing parity terms it is much bigger at maybe $5 trillion USD equivalent. In purchasing parity terms Russia's GDP per capita isn't that bad interestingly. Its not far behind some of the West Europeans by that measure. Its just in the nominal GDP per capita its a lot lower.


Either way this level of import revenues, with oil being nearly pure profit beyond a certain price per barrel, it is absolutely enormous how much wealthier it makes the country. Because this money then circulates in Russia.


A lot of Russia's problems I think is Russia was getting stronger between 2009-2014, that was a 6 year oil bull market. Then from 2015-2020 it was a 6 year oil bear market which must have brutally hit them. But now we are in the next oil bull market, probably will be another 6 years from 2021-2026. And its a general commodities bull market now.

Edit to add: 2014 was when Russia they took Crimea with what appeared no opposition.

Russia has always been a nation that exports commodities. They’re definitely capitalizing on the situation. Europe needs their natural resources.

 

[Deleted member 40252]

Putin is based.

 

[Zogpilled]

Putin is based.

He’s my saint

 

[WizardofSoda]

Russia has always been a nation that exports commodities. They’re definitely capitalizing on the situation. Europe needs their natural resources.

One big thing is when I look at Ukraine and Russia they are endless fields. Imperial Russia had been the breadbasket of Europe before Communism. Then with the Communists shitty idea of collectivization of farms the Soviet Union somewhere along the line became a net exporter of food.

Lenin he actually realized aspects of Communism weren't working so ~1927 or so I think he had the New Economic Policy (NEP) which allowed family farmers to keep their farms and also allowed small businesses up to 10 people. Idiotically after he died the Soviets reversed this farming policy, and then that led to the bloodbath/civil war in Ukraine and Southern Russia as the Communists took their farms by force during the 1930's.

Even though I have some complaints about Putinism, he is really strong on private property rights and small business. So the family farmers are back in business. Then they are again this huge food exporter.