RE:RE:New Poll - Americans willing to pay more for oilAgreed. Yesterday I spit out my coffee laughing when I heard that Biden was considering tapping into Venezualen oil to make up the difference. Are there any majors still there? Anyone checked the state of their fields and facilities? Does Biden not realize it was Russia and China helping to keep the country afloat the past number of years while the USA worked to destroy the Venezuelan economy. His comment was nothing but a lame attempt to try and jaw bone the price of oil lower. It did not work.
Moemoney42 wrote: What's even more fundamental to the crude prices going forward aside from bans of Russian crude, is the amount of capex leaving Russia.. these huge companies and projects that get moth balled in Russia will affect production going forward.. they sure won't be able to finance them with Russian Rubles.. LOL.. ;-)