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The John Batchelor Show

#Russia: The drone strike against Teneco, the third largest refinery, 800 miles from the frontline. Michael Bernstam, Hoover Institution.

The John Batchelor Show

John Batchelor

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4.52.8K Ratings

🗓️ 4 April 2024

⏱️ 9 minutes

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Summary


#Russia: The drone strike against Teneco, the third largest refinery, 800 miles from the frontline. Michael Bernstam, Hoover Institution.
https://www.reuters.com/business/energy/russian-refineries-targeted-by-ukraines-drones-2024-03-25/

1920 Texas

Transcript

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0:00.0

This is a war economy, everything for the front.

0:05.0

This is CBS I and the World.

0:07.0

I'm John Bachelor.

0:08.0

A war economy, everything for the front.

0:11.0

That is the word in Moscow.

0:13.0

I welcome Michael Bernstein of the Hoover Institution, my guide on the Russian economy

0:18.7

through the sanctions regime, through the adjustments, the middlemen, the selling of oil and gas around the edges, the

0:26.3

customers from India and China and then not so much.

0:29.4

And now we begin with the drone war that leads to strikes on the Russian capacity to produce refined

0:38.0

oil products. Ukrainian drones attack Tannaco, Russia's third largest oil refinery, 1300 And the

0:45.0

Indian drones attack Tanico, Russia's third largest oil refinery,

0:44.0

1300 kilometers, that's 800 miles from the front lines,

0:48.0

hitting a core unit which processes about 155,000 barrels per day of crude.

0:54.0

Michael, a very good evening to you.

0:56.0

This story started a couple of weeks back

0:58.1

and it's grown in an intensity ever since,

1:00.6

so much so that I believe the White House asked Ukraine to stand down from attacking refineries

1:07.3

because the price of oil will be damaged.

1:10.5

Well, it is.

1:11.9

Brent Crude is now at $89 a barrel. West Texas is at 85. Both are up

1:17.9

five, seven dollars since when the drone war continued, started. Do you measure that this strike on one refinery or

1:26.5

several now, which the Russians then attempt to repair as fast as possible? Is this

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