Thread: $5 & $7
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Old 06-08-2022, 06:07 AM   #46
wdmso
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Join Date: Jun 2012
Location: Somerset MA
Posts: 9,134
https://www.bbc.com/news/business-61188579

Oil prices have soared. Why won't Opec bring them down?


Read the whole article Bidens not mentioned as the cause ?

But this was "When Russia invaded Ukraine, the price of crude soared"

Opec+ also has to respect Russia's wishes, since it is one of the two biggest partners in the alliance.

"The Russians are happy with prices at this level," says Carole Nakhle, CEO of Crystol Energy. "They have nothing to gain in seeing them go lower.

Not because their making money but because its causing discord in the US and the West
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