Post by
geezer21 on Nov 23, 2022 8:07am
Russia Will Not Go Along With This Deal
Will not deliver oil to the buy cartel.
When Russian oil stops going to the buying cartel the west will have a supply deficit. Expect a sharp rise in the price of oil.
Russian oil will go to those countries outside of the buying cartel. They are more than happy to replace western oil supplies with discounted Russian oil. They have been doing so in significant amounts since the Ukraine situation started.
Russia is in a position where it does not have to cave in. When faced with supply shortages and people start protesting in the streets for lack of oil for cars, heating, and industry cartel members will abandon the cartel.
https://oilprice.com/Latest-Energy-News/World-News/US-Allies-Eye-60-Price-Cap-For-Russian-Crude.html