• queermunist she/her@lemmy.ml
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    8 days ago

    tbh prices are already way lower than I expected this far into the war

    Aren’t we close to running below levels needed to keep refineries running?

    • besbin@lemmy.ml
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      8 days ago

      They can still pumping out that oil from the strategic reserve to depressing the price. Would be funny to see those caves become completely useless after this crisis when they start scraping the bottom

  • SkrufiMonki@lemmy.world
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    7 days ago

    So their current stock, they bought at a higher price, and are demanded to drop their prices now to match the price per barrel. Selling their inflated stock at a loss.

    This man is definitely a business man.