Quote:
Originally Posted by Skybird
The FT reports that Russie has bought over 100 old tankers, building a shadow fleet that would bypass sanctiosn and price caps on oil. Two implications: first, the oil will flow, second, these are old tankers. Old means: less safe tankers. The risk of oil spills is bigger than with new tankers.
The price cap will shorten the availability of oil in Europe, thus making it more expensive. Not for Russia - but us.
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All russian oil will be transported to the Middle East, India blended with other oil origin will disappear and EU will buy them not knowing source it is already happening.