rustywalker82 said:Oil prices and those Russian raids are climbing again because OPEC is playing it exactly how they want by tightening up the supply.
It’s high time we scrapped any energy sanctions entirely, kept everything else on the table, and just ramped up the flow of weapons to Ukraine.
Instead of funneling more cash toward OPEC and Russia, we should be hitting derivatives with higher taxes. We could take that money and dump it straight into renewables or use it to fund the Ukrainians with missiles, drones, and all that gear. Let's put the populism aside and actually use our heads here. We're making some pretty dumb moves right now, and nobody wants to admit it.
I think I read somewhere that the main reason prices might actually drop is because of all that oil being released from the US strategic reserves. But, I guess the real issue here is that those reserves aren't exactly infinite, you know?
Then there's this whole thing where we're expecting a deal with Iran that would lift the sanctions on their oil.
But honestly, I mean, it seems like it's in the interest of Russia, the Saudi, and Israel—all for different reasons, I suppose—to make sure that deal falls through.