Us buying Russian oil or NOT buying Russian oil will do very little to those Oil sells. We will not enforce any type of embargo, so Russia will sell to the highest bidder. Probably China.. They will also sell to Africa, and India and the Middle East.
NOTHING was said to everyone else about not buying it........Hm, Imagine that.
Nope, you want to stop Russia, it is not just the EU and the good ole United States that needs to say Russian Imperialism and EXPANSIONISM is wrong.
The reason it costs so much here......30% cost increase versus 7% change in product volume, is the commodities traders are seeing FUTURE cost of a barrel as high as 180-200 /barrel in June and July.
Folks, people are going to be VERY rich with futures trading, or they really effed up, and will be bridge jumpers in 6 months.
If Oil gets to 200 a barrel, expect everything in teh supply chain with OIL to go up another 30-50 percent.
GAS at 8 bucks a gallon in the Summer PEAK is a very real possibility, IMHO.
And don't think the Green Energy fools are loving this. The Biden Admin is causing a lot of this pain. Steps could have been taken 4-5 months ago, when we KNEW Russia was going to invade the Ukraine.
FJB.
Later,
Geo



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