Viewing a single comment thread. View all comments

geon2k2 t1_j1vomw8 wrote

Reply to comment by NaCly_Asian in Putin bans Russian oil exports to countries that imposed price cap -decree by PatientBuilder499

Why the downvote though. What i said its true, do your checks. If russia stops producing, yes international price will increase but russia will be in even a bigger hole that they are now. Also did you knew they cannot stop production for siberian oil? If not and you learned something from that post, why the downvote?

6

NaCly_Asian t1_j1wluar wrote

My thinking is that if the EU has to back down from the price cap due to the effects on their economy, Russia can dictate terms on restarting the oil deal, which I would assume would cover the fines from the breaches of contracts and other compensation. It comes down to who blinks first. Also, OPEC could also tighten the supply even more.

also, I did not know about the oil industry and the effects of stopping the oil drilling. thanks for the info :)

1