Ukraine confirms US is now protecting Putin’s oil assets
Ukraine confirms US is now protecting Putin’s oil assets

Ukraine confirms US is now protecting Putin’s oil assets

cross-posted from: https://lemm.ee/post/67058562
Ukraine confirms US is now protecting Putin’s oil assets
Ukraine confirms US is now protecting Putin’s oil assets
cross-posted from: https://lemm.ee/post/67058562
That's why the US is getting involved in Iran so quick. It has nothing to do with Israel - it's about driving the price of oil to extreme heights.
Ding ding ding! We have a winner folks.
Why do you think the us wants oil prices to be high? High price causes inflation.
High prices of oil help russia who sells oil to fund killing Ukrainians....this is the turnip saying "yes daddy" to putin
Other way around, they want to keep oil prices low.
Why?
Billionaires make more money when inflation is high, and everyday people spend more money when inflation is high.
High inflation shifts wealth upwards.
No. Oil has to be a certain price per barrel for extraction to be profitable. Currently the price is below that level for the US, which is primarily done by fracking.
Russia has to undercut already low prices in order to get China/India to accept the sanctioned oil. Any rise in price means they get to ask more while still being cheaper.Edit: I was wrong. Russia is allowed to export at a maximum price of $60/barrel. Price going up gives them no benefit.
The US is a bit exporter now and low oil prices (well lng) will bankrupt our producers.
Or so I heard sometime after this administration started breaking shit.