After more than a year of speculation and unofficial commentary, two of Ukraine’s top officials have now publicly confirmed what many analysts long suspected
Sigh. Yes you don’t want it super low to the point of being unprofitable. Right now, with wars with 2 (two) oil producing nations the risk is super high prices. That’s Russia and Iran. No politician wants super high gas prices for obvious reasons.
Seriously what do y’all think would happen to oil prices if Russian oil production is blown up? Prices will go up. Obvious. That’s why the US doesn’t want Ukraine to blow it up. If the US wanted high oil prices, they would want Ukraine to blow it up. But they are telling them to not. Cmon guys this is simple.
Ok, I looked this up as you were being serious. And I didn’t realize Russia had a price cap as the sanction, rather than halting all oil production. So it’s not that Russia undercuts the market, it’s that Russia isnt legally allowed to sell it for any amount above it.
You’re right. They would want the price of oil to go down.
But the point still stands that the US needs the price to go up to be profitable. Which puts this all in a really weird lens.
Sigh. Yes you don’t want it super low to the point of being unprofitable. Right now, with wars with 2 (two) oil producing nations the risk is super high prices. That’s Russia and Iran. No politician wants super high gas prices for obvious reasons.
Seriously what do y’all think would happen to oil prices if Russian oil production is blown up? Prices will go up. Obvious. That’s why the US doesn’t want Ukraine to blow it up. If the US wanted high oil prices, they would want Ukraine to blow it up. But they are telling them to not. Cmon guys this is simple.
I’m sorry I really can’t figure out if you are being serious or not.
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Ok, I looked this up as you were being serious. And I didn’t realize Russia had a price cap as the sanction, rather than halting all oil production. So it’s not that Russia undercuts the market, it’s that Russia isnt legally allowed to sell it for any amount above it.
You’re right. They would want the price of oil to go down.
But the point still stands that the US needs the price to go up to be profitable. Which puts this all in a really weird lens.
…