>>511212261
>It depends what he means by "working".
Making cargocultists give up oil (realt wealth) for the sake of (mostly fictional) fiat currency (claims to wealth).
>Those oil sanctions essentially shift flows around.
That is correct, to an extent. However, the bulk of the global oil market seems to be global cargocult empire aligned countries or at least countries which, when forced to get their ass off of the fence, will side with the global cargocult empire.
>Countries that care a lot about not buying refined products made from Russian crude (the EU, etc.) increase demand (and price) for non-Russian crude, and decrease demand (and price) for Russian crude.
Most of the market are the countries that seem to care a lot about sanctions or not being sanctioned themselves. So they side with the global cargocult empire.
>But that's precisely what makes Russian crude comparatively more interesting for countries that don't care about buying petrochemicals from Russia.
Yes, this may mean a drop in oil price for countries willing to be sanctioned by the global cargocult empire.
>So ultimately it doesn't achieve much.
It depends. It depends how many people insist on being and on remaining cargocultists. That is to say, bipedal NPC normalfag cattle who prefer (mostly fictional) fiat currency (claims to wealth) to actual, real pysical wealth (oil).
>Those sanctions would work better if Russia was a much smaller exporter, and if many more countries joined the sanctions.
Work better at what? If the sanctions work at reducing purchases of Russian oil than what the sanctions will cause is for oil prices to rise for subjects of the global cargocult empire.
Oil prices rising for subjects of the global cargocult empire means *everything* going up in price for subjects of the global cargocult empire.