Actually this is going to be interesting. While the EU has not yet specified what that price cap number is going to be, Russia has been pretty insistent that they just will not sell any oil to anyone who participates in this.
That could lead to another round of oil price increases. The last thing we need...:-(
I listen earnestly to my grandchildren - but I rarely take their advice on weighty matters.
The EU is in denial about cause and effect.
This is the crisis the Green Nuts have been awaiting.
Let’s get ready for endless pontificating by Brandon, Blinken, Granholm, Mayor Peter Eater, Vietnam Kerry, and the rest on this “Great Opportunity to Get Off Fossil Fuels Forever (GOGOFFF)”.
This should work out well in conjunction with a dramatic decrease in OPEC production...