RE:Price cap talkBayStreetWolfTO wrote: Yes do it. Well of course you have to convince China and India and hope Russia doesn't just decrease production (which they said they wouldn't sell to those with a cap)
This will be another failed policy by the EU. Follow the money. If they think this will save them good luck.
Also note price caps just kill investment. Basic economics reading. For finance ministers they are not very smart.
"G7 Finance Ministers Confirm Plans To Implement Price Cap On Russian Gas - RTRS Citing Joint Statement"
As seen on Twitter this morning:
"
My friends and I have agreed to impose a price cap on our local pub's beer. Mind we actually do not plan to drink any beer there. The pub's owner says he won't sell beer to anyone observing the cap, so other patrons, who drink a lot there, say they aren't joining the cap. Success"