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To: srmanuel

Oil is fungible, if China buys Russian oil, the EU can buy middle eastern oil


22 posted on 03/26/2022 1:48:05 PM PDT by McGavin999 (To shut down the border tell the administration the cartel is smuggling Ivermectin )
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To: McGavin999

True, but Russia accounts for approximately 10% of the world’s oil supply, if the ME doesn’t increase capacity which they are likely not to do, then everyone is going to pay unbelievable prices for that oil.


23 posted on 03/26/2022 1:51:47 PM PDT by srmanuel (`)
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To: McGavin999

This article explains why the Germans are still going to be buying Russian oil—no matter what they publicly claim:

https://webcache.googleusercontent.com/search?q=cache:https://www.politico.eu/article/why-is-it-so-difficult-for-germany-to-say-no-to-russian-energy/


25 posted on 03/26/2022 2:04:29 PM PDT by cgbg (A kleptocracy--if they can keep it. Think of it as the Cantillon Effect in action.)
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