RE:RE:RE:oil to 300$ + within a yearLOL. Russia has its own fleet of nearly 400 oil tabkers by now, plus pipelines to the east, and south. India, China, anf ME all issue the insurance as does Russia with state guarantees. The 500K bbl cut is a penalty against anti free market nations who are less than 10% of population.
Russia sells less earns more profit. They had the most proftable year ever with Gazprom alone making $100B with far less deliveries of gas. Thsts half of all the
"Western" countries o&g profits combined haha.
Free market cohntoes thst ate 90% of the world
get RU oil at the same price or more Canada sells it to American but RU earns 600% morem profit
Ship to ship transfers off EU are up 4000% with Rzu oil going into Greek and other tankers the resold as Greek oil. Transfers are happening everywhere lol amd have been for decades with various cohntries bullied by the colonists haha.
Bottom line....anti free market economies will pay 100 for oil, even in Canada where it sells for 45 LOL and the other 90% of the world gets as much 45 oil as Rzu can produce.
This is great for VLE but know your facts before spouting drivel. RU will have new oil and gas pipelines to new Turkey hun in the time it takes Canada tomissue a report on a 23 butterfly colony in the path of an 800km pipeline that will take 30 years to build at a cost 1200% more than anywhete in the world, using Mexican slave labour haha.
goldwatch69 wrote: Oil will be $90 in short order and $100 later this year. Count on it. Russian vessels cannot get insurance and they won't be allowed into ports. China has chained vessels together in the high seas to take on Russian oil and transport it to port. Nuts! As Russian oil stops flowing, infrastructure will freeze up and crack. Will take forever to repair. In the meantime, demand continues to rise. Saudis are raising prices. Production remains at current levels. Oil has nowhere to go but up.