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
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.
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.
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