RE:RE:What will Russian oil price cap do to overall price of oil? Moemoney42 wrote: Nothing..! IMO.. they have already been selling crude at a lower price then that.. what's more meaningful is the loss of production from Russia thats already started and will continue for years if not decades..?
I dont' understand why they don't see that!! It's not like they dont see Russian oil is selling for around $53 a barrel, What the ..ll? China and India will load up at that price and find storage wherever they can, they wil improve their profit margins on all the garbage we buy from these guys and Russia will continue to generate generous cash for their war effort.
GLTA