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  #1  
Old 12-20-2022, 07:13 AM
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finnbow finnbow is offline
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Quote:
Originally Posted by Dondilion View Post
The strategic reserve is for a strategic reason.
Indeed. Releasing oil from the reserve was an effective strategy to ameliorate the impact of your boy Putin's war in Ukraine on oil prices. Well played, Joe.
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Last edited by finnbow; 12-20-2022 at 07:18 AM.
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  #2  
Old 12-20-2022, 09:28 AM
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Dondilion Dondilion is offline
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Quote:
Originally Posted by finnbow View Post
Indeed. Releasing oil from the reserve was an effective strategy to ameliorate the impact of your boy Putin's war in Ukraine on oil prices. Well played, Joe.
Another fallacy. The price of oil had more to do with spot pricing than the war in Ukraine. As a matter of fact price was rising before the war.
Last edited by Dondilion; 12-20-2022 at 09:30 AM.
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  #3  
Old 12-20-2022, 09:41 AM
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finnbow finnbow is offline
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Quote:
Originally Posted by Dondilion View Post
Another fallacy. The price of oil had more to do with spot pricing than the war in Ukraine. As a matter of fact price was rising before the war.
Au contraire, tovarich.

Oil prices were rising globally even prior to the full escalation of the war. However, when Russia attacked Ukraine, the price of crude oil in the global market skyrocketed from around $76 per barrel at the start of January 2022 to over $110 per barrel on 4 March 2022.

https://www.gep.com/blog/mind/russia...d-gas-industry

It must get tiresome defending everything comrade Putin does.
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  #4  
Old 12-20-2022, 10:05 AM
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Dondilion Dondilion is offline
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You mean excessive spot pricing and sanctions. The recent energy history of UK is instructive.
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  #5  
Old 12-22-2022, 09:42 PM
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nailer nailer is offline
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Quote:
Originally Posted by finnbow View Post
Au contraire, tovarich.

Oil prices were rising globally even prior to the full escalation of the war. However, when Russia attacked Ukraine, the price of crude oil in the global market skyrocketed from around $76 per barrel at the start of January 2022 to over $110 per barrel on 4 March 2022.

https://www.gep.com/blog/mind/russia...d-gas-industry

It must get tiresome defending everything comrade Putin does.
Nope. From the same article immediately following your quote:

The price of crude oil was already inflated even before the war due to higher demand fueled by the recovery of global economies from the COVID-19 pandemic and low investment in the oil and gas industry.
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