A price cap on Russian oil could push crude past $130 even if OPEC+ increases production, Bank of America says and Joe can't stop it.

[Drumcollie]

• A price cap on Russian oil could push Brent crude past $130 a barrel, BofA analysts said.
• Western leaders have touted the cap as an effective tool to combat energy inflation.
• But Russia could retaliate and send oil prices even higher, even if OPEC+ steps up production.

A price cap on Russian oil could push Brent crude prices past $130 a barrel even if OPEC+ countries step up production, according to analysts at Bank of America.
A price cap on Russian oil could push crude past $130 even if OPEC+ increases production, Bank of America says (msn.com)

Unfortunately Joe's Policy is unable to have an impact on this problem.

 

[saltydancin]

• A price cap on Russian oil could push Brent crude past $130 a barrel, BofA analysts said.
• Western leaders have touted the cap as an effective tool to combat energy inflation.
• But Russia could retaliate and send oil prices even higher, even if OPEC+ steps up production.

A price cap on Russian oil could push Brent crude prices past $130 a barrel even if OPEC+ countries step up production, according to analysts at Bank of America.
A price cap on Russian oil could push crude past $130 even if OPEC+ increases production, Bank of America says (msn.com)
Unfortunately Joe's Policy is unable to have an impact on this problem.

Just as bungling GI Joe biding his "serve the Pope or die" tenure while Russia's Orthodox Church rootin' tootin' Putin oil price gouging has also been kidnapping Ukrainian children for brainwashing as Russian citizens; most likely in that WW II Mengele "Angel of Death" kill the parents for Christiananality pedophilia tradition where the price could push Nazington's supreme swastika up Uranus kangaroo court Federal Lynching KKK churchstate of hate fiefdom drug trafficking enforcement kidnapping into similar political schemes.

 

[Jack4freedom]

• A price cap on Russian oil could push Brent crude past $130 a barrel, BofA analysts said.
• Western leaders have touted the cap as an effective tool to combat energy inflation.
• But Russia could retaliate and send oil prices even higher, even if OPEC+ steps up production.

A price cap on Russian oil could push Brent crude prices past $130 a barrel even if OPEC+ countries step up production, according to analysts at Bank of America.
A price cap on Russian oil could push crude past $130 even if OPEC+ increases production, Bank of America says (msn.com)

Unfortunately Joe's Policy is unable to have an impact on this problem.

Gas prices under $5.00 in Orange County today. A month ago it was $6.50 or more. Things are looking better. Hopefully they will continue to drop until November.

 

[Drumcollie]

Gas prices under $5.00 in Orange County today. A month ago it was $6.50 or more. Things are looking better. Hopefully they will continue to drop until November.

So basically, the highest of the 48 contiguous U.S. States right behind Hawaii as number 2.

 

[Jack4freedom]

So basically, the highest of the 48 contiguous U.S. States right behind Hawaii as number 2.

Down $1.50 from a couple months ago. Moving in the right direction. Hopefully It will continue to decrease throughout the rest of the year and beyond.

 

[TBLee]

Heating oil prices are still hovering around $5 a gallon in parts of New England. Going to be a difficult winter ahead for those trying to heat their homes.

 

[sensible don]

This is good news in the cultist world - amiright?

 

[Jack4freedom]

Heating oil prices are still hovering around $5 a gallon in parts of New England. Going to be a difficult winter ahead for those trying to heat their homes.

Hopefully there will be government subsidies and oil companies will use some of the billions they have made to help out those affected by these high prices. We as a nation need to take care of our own in times of crisis.

 

[TBLee]

Hopefully there will be government subsidies and oil companies will use some of the billions they have made to help out those affected by these high prices. We as a nation need to take care of our own in times of crisis.

I can tell you that the little mom and pop oil companies who delivered oil when we lived in New England are not making billions, they a are struggling themselves to survive. As far as I am aware government subsidies for middle class individuals who will try to supply a heated home for their families this winter are not there. It will be a rough winter ahead.

 

[Jack4freedom]

I can tell you that the little mom and pop oil companies who delivered oil when we lived in New England are not making billions, they a are struggling themselves to survive. As far as I am aware government subsidies for middle class individuals who will try to supply a heated home for their families this winter are not there. It will be a rough winter ahead.

Those little oil delivery companies should be given a break which they can pass on to their customers by giant corporations they buy from. If necessary, government agencies should step in and subsidize them. If such measures are taken it will be interesting to see which party supports them and which one opposes them.

 

[TBLee]

Those little oil delivery companies should be given a break which they can pass on to their customers by giant corporations they buy from. If necessary, government agencies should step in and subsidize them. If such measures are taken it will be interesting to see which party supports them and which one opposes them.

Unfortunately should of, could of…won’t be happening. We have the here and now to deal with.

 

[Jack4freedom]

Unfortunately should of, could of…won’t be happening. We have the here and now to deal with.

As always.……Fuel prices, for various reasons have spiked upward for over a year. Now they seem to be coming down. I would assume that those in control of federal and state governments are trying to get them under control. Here in California in the last two months prices have gone from over $6.50 to under $5.00. Things seem to be moving in the right direction. Hopefully they will continue on that trajectory.