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re: The irony of funding Ukraine is that the conflict is keeping oil prices high.
Posted on 2/23/24 at 4:48 pm to JohnnyKilroy
Posted on 2/23/24 at 4:48 pm to JohnnyKilroy
quote:
Margins are high as frick right now.
I know, but this Ukraine thing created a secondary market that wouldn’t have existed before. It shuffled the deck and allowed a bunch of Chinese brokers (among others) to trade fuel essentially on the black market. Thus artificially inflating the price of oil.
1
Posted on 2/23/24 at 4:53 pm to loogaroo
quote:
Thus artificially inflating the price of oil.
It's not doing much of anything to the price. If anything making russia sell at a discount is putting a drag on the price as China buys more from them, lowering demand for non-russian oil.
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