Russian oil

In looking ahead one of the big questions involves inflation. Will it come down in the next few years or is it long term and the answer to that is Ukraine. Russia produces 10 million barrels of oil per day and before the war they were exporting all of that. The US stopped buying Russian crude which was not a surprise but when Europe stopped buying, this was a big deal. Putin thought he had Europe and in particular Germany over a barrel,(no pun intended). Putin still has India and China but that only amounts to half of his production. So what happens to the rest. The answer can been seen by reviewing what happened when the Soviet Union collapsed. Many of their wells are in areas of permafrost and must keep pumping or pipes freeze and this happened and it took years and the help of western technicians to get things going again. If this happens again the West will not be that willing to help and this production may be off line for many years. In that case losing 4 million barrels a day from the world market would cause oil prices to rise and this will effect the cost of all goods causing long term inflation. This is just one more reason for the US to maximize oil production.