I know this isn’t strictly Irish news but considering how much the high oil prices affect people here, hopefully this will provide some relief.
Savage news! Hopefully this will ease the madness
I actually can’t believe I’m seeing some good news today.
Thanks for posting honestly
That fella with the Russian speaking girlfriend will be here any moment to tell us this this is Ukraine’s fault and that we’re emotional
**Speaking purely strategically**, if Russia wanted to counteract OPEC, they ‘should’ give a certain material to a certain regime in the Middle East. A regime that is a strong Russian ally and which is a mortal enemy of the Saudis and the Americans.
Obviously this would be done on the DL with plausible deniability. Oil prices would go thru the roof upon the procurement of such weapons. There would be a (nuclear) arms race in the Middle East. One which the Americans and their Middle Eastern allies can’t really afford.
It would also totally undermine the petro dollar and lead to further inflation in the US. And would push China into Russias arms as Russian oil would be the only (relatively) ‘secure’ source of oil outside of North America and Venezuela.
I honestly wouldn’t be surprised if they have such a program in the works. They virtually have nothing more to loose at this point. They’re pretty much sanctioned to the tits. I certainly see it as a possibility if things continue to go down hill for Russia. It’s what I’d do if I were putin in such a situation.
r/titlegore
We’ll be inundated with posts tomorrow saying “why is fuel still so high while oil is falling?!, gougers!!”
We need to wait for the stock of high value oil to deplete before this reduction will be felt at the pumps.
I’ve a relatively large leveraged position in oil so I got completely shafted today. Good stuff for everyone else though
Oil industry is a cartel….recession still happening anyways
9 comments
I know this isn’t strictly Irish news but considering how much the high oil prices affect people here, hopefully this will provide some relief.
Savage news! Hopefully this will ease the madness
I actually can’t believe I’m seeing some good news today.
Thanks for posting honestly
That fella with the Russian speaking girlfriend will be here any moment to tell us this this is Ukraine’s fault and that we’re emotional
**Speaking purely strategically**, if Russia wanted to counteract OPEC, they ‘should’ give a certain material to a certain regime in the Middle East. A regime that is a strong Russian ally and which is a mortal enemy of the Saudis and the Americans.
Obviously this would be done on the DL with plausible deniability. Oil prices would go thru the roof upon the procurement of such weapons. There would be a (nuclear) arms race in the Middle East. One which the Americans and their Middle Eastern allies can’t really afford.
It would also totally undermine the petro dollar and lead to further inflation in the US. And would push China into Russias arms as Russian oil would be the only (relatively) ‘secure’ source of oil outside of North America and Venezuela.
I honestly wouldn’t be surprised if they have such a program in the works. They virtually have nothing more to loose at this point. They’re pretty much sanctioned to the tits. I certainly see it as a possibility if things continue to go down hill for Russia. It’s what I’d do if I were putin in such a situation.
r/titlegore
We’ll be inundated with posts tomorrow saying “why is fuel still so high while oil is falling?!, gougers!!”
We need to wait for the stock of high value oil to deplete before this reduction will be felt at the pumps.
I’ve a relatively large leveraged position in oil so I got completely shafted today. Good stuff for everyone else though
Oil industry is a cartel….recession still happening anyways