Ukraine struck Russia’s largest oil refinery, located in the city of Omsk, on Monday, marking what its forces say was its furthest-ever drone attack in the war.
The Omsk facility, which processes about 21 million tons of oil a year, is in Western Siberia and about 1,700 miles from Ukrainian territory — roughly the distance between Los Angeles and Houston.
I was thinking more of the globalized market for oil.
If Russia can export less refined oil, that can encourage the construction of new refineries elsewhere. This could negate the impact of drone attacks on reducing CO2 emissions.
But as others have said, there’s demand destruction that can have an effect.