• Not_mikey@lemmy.dbzer0.com
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    5 hours ago

    So when Ukraine bombs oil infrastructure, it’s “risking WWIII, and the global economy,” but when Israel does it, they’re “exercising their right to defend themselves”

  • BarqsHasBite@lemmy.world
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    6 hours ago

    …confirmed what many analysts long suspected: the United States has asked Ukraine not to strike Russian oil and energy infrastructure.

    The comments provide the clearest public evidence to date that Kyiv has been operating under external pressure to avoid actions that could destabilize global energy markets, even as its own grid, heating infrastructure, and fuel reserves face repeated attacks.

  • peoplebeproblems@midwest.social
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    10 hours ago

    That’s why the US is getting involved in Iran so quick. It has nothing to do with Israel - it’s about driving the price of oil to extreme heights.

    • MDCCCLV@lemmy.ca
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      5 hours ago

      Why do you think the us wants oil prices to be high? High price causes inflation.

      • SupraMario@lemmy.world
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        4 hours ago

        High prices of oil help russia who sells oil to fund killing Ukrainians…this is the turnip saying “yes daddy” to putin

      • Bytemeister@lemmy.world
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        3 hours ago

        Why?

        Billionaires make more money when inflation is high, and everyday people spend more money when inflation is high.

        High inflation shifts wealth upwards.

      • peoplebeproblems@midwest.social
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        1 hour ago

        No. Oil has to be a certain price per barrel for extraction to be profitable. Currently the price is below that level for the US, which is primarily done by fracking.

        Russia has to undercut already low prices in order to get China/India to accept the sanctioned oil. Any rise in price means they get to ask more while still being cheaper.

        Edit: I was wrong. Russia is allowed to export at a maximum price of $60/barrel. Price going up gives them no benefit.

        • BarqsHasBite@lemmy.world
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          3 hours ago

          Sigh. Yes you don’t want it super low to the point of being unprofitable. Right now, with wars with 2 (two) oil producing nations the risk is super high prices. That’s Russia and Iran. No politician wants super high gas prices for obvious reasons.

          Seriously what do y’all think would happen to oil prices if Russian oil production is blown up? Prices will go up. Obvious. That’s why the US doesn’t want Ukraine to blow it up. If the US wanted high oil prices, they would want Ukraine to blow it up. But they are telling them to not. Cmon guys this is simple.

              • peoplebeproblems@midwest.social
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                1 hour ago

                Ok, I looked this up as you were being serious. And I didn’t realize Russia had a price cap as the sanction, rather than halting all oil production. So it’s not that Russia undercuts the market, it’s that Russia isnt legally allowed to sell it for any amount above it.

                You’re right. They would want the price of oil to go down.

                But the point still stands that the US needs the price to go up to be profitable. Which puts this all in a really weird lens.

      • Chris@lemmy.world
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        3 hours ago

        The US is a bit exporter now and low oil prices (well lng) will bankrupt our producers.

        Or so I heard sometime after this administration started breaking shit.

        • BarqsHasBite@lemmy.world
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          3 hours ago

          You don’t want super low, but you don’t want super high like what will happen if Ukraine blows up Russian oil plants. Right now the risk is super high. Now add in Iran. No politician wants high gas prices.

  • fluxion@lemmy.world
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    10 hours ago

    What kind of bitch move is this? Is this their reward for shitting on any efforts toward a ceasefire? That will teach them not to mess with the US!

    • Optional@lemmy.worldOP
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      10 hours ago

      I’ve read putin’s tool has made a deal for oil and lithium deposits that ensure russia can continue to bomb for many, many more years.