RE:WCP- SECTOR - Russian price cap ?
"...I wonder and worry a price cap on Russion crude 40 dollars below market might skew the free market down massively"
Do not worry. Life is too short to worry about "stuff" over which we have no control.
At the end of the day Russia will produce oil and sell it to China and India (and a few others). They will get whatever price they agree upon with each other.
That does NOT affect overall worldwide oil production or oil demand. For the foreseable future, even with a mild recession, there is not enough oil to supply everyone who wants and needs oil.
Price will remain firm - with wide fluctuations of course.
Keep looking at the big picture, over the next few years. Forget hourly, daily or weekly fluctuations. Price will hold at US$100+ on average and profits and dividends will soar.
Some companies will do better than others so diversification is a must.