[Mariner]

Originally it was an outright ban.

Then, everyone would agree on a price cap.

The reality will be the feckless west will change nothing and keep buying Russia oil at market rate. They'd be buying Russian gas too if the US had not bombed the pipelines.

[Mariner]

And Russia keeps saying they will not sell oil to any country participating in a price cap.

[ClearCase_guy]

My prediction is that Russian oil profits will increase.

[Travis McGee]

Sheer insanity. As if the buyers / beggars can tell the seller the price he must sell out.

I’m going to try that the next time I get gas.

“You can only sell me your gasoline at under $2 a gallon.”

[silent majority rising]

Capping prices always causes shortages, which leads to much higher prices.

[glorgau]

How the heck is a price cap going to be enforced short of physical force?

[Palio di Siena]

Should work fine …. for the Russians

[MarMema]

I read they sell it third party. We have done nothing to hurt Russia and ruined our own economy.

[canuck_conservative]

there won’t be any disruption

Russian oil imports to Europe have already been on the decline, in anticipation of this

alternative supplies have already been secured

[Its All Over Except ...]

Plus Putin said no oil for price cap backers.

[NonValueAdded]

How about that, timed for after the midterm elections

[wardamneagle]

OPEC meets Dec 4. Already cut 2M bpd
Cap on Russian oil Dec 5. Russia cuts EU off completely.
SPR Dec contracts are done (so they say).
Biden got screwed by OPEC.
Biden/Yellen lobbied EU for price cap. You're witnessing a disaster unfold by this administration with it's war on US oil. Oil to at least $140…….