GasBuddy’s Patrick De Haan discusses the economic impact of new sanctions banning Russian oil in the European Union and capping it at $60 a barrel elsewhere. ABC News’ Washington Senior Reporter Devin Dwyer provides updates on the case that could have a huge influence on the nation’s anti-discrimination laws. WATCH the live stream of ABC News here: https://www.youtube.com/watch?v=w_Ma8oQLmSM SUBSCRIBE to ABC NEWS: https://bit.ly/2vZb6yP Watch more at http://abcnews.go. com/ LIKE ABC News on FACEBOOK https://www.facebook.com/abcnews FOLLOW ABC News on TWITTER: https://twitter.com/abc #ABCNLUpdate #gasprices #russia #sanctions # #abcnews
Original source (ABC/Youtube)
Isn't there already sanctions on their oil π they are really grasping lol
Funny how Europe sacrifices itself to please its masters in Washington DC.
As a sign of good gesture, let U S Sale to Europe oil at 60 dollars per barrel
It's all mud wrestling. Why would USA gas price be lower based on a cap on Russian oil? Propaganda…
Gas prices are falling, but may go up later. Brilliant. It may be a cold winter but itβs too early to tell. Hopefully this guy was paid well for all his hard hitting insight.
Biden liquidated the US strategic reserve to cover US citizens until midterms elections. Now replacing them on the back of Europeans + you will repay your own reserve more expensive . Vrrrr
Biden / Europe are utterly ignorant of economic principles. A price cap will only work if the cap is somewhat near market price or if there is no other market. In the first instance, the cap is meaningless since it is near market anyway. In the second, if the cap is too low, the product will simply be sold in the other market. The whole world is a market for petroleum. The Europe / U.S. is an increasingly unimportant part of the market for several reasons including idiotic self harming policies. Europe especially should work to have a solid business relationship with Russia. The war never would have happened if the West did not insist on encircling Russia with weapons, bases and hostile client regimes. The corrupt FBI / DOJ bears responsibility. Their corrupt attempt to overthrow the U.S. Government based on a bald face lie initiated by Hillary Clinton did more than merely harm the U.S. domestically. It made diplomacy with Russia nearly impossible. Trump could not even act civil around Putin without being attacked, and Biden thought it "strong" to shoot the finger at Putin and insult him. There was no grown up diplomacy relating to Russia's legitimate security concerns. Also, the FBI / DOJ inflamed the situation simply by acting like lunatics and sociopathic liars. How can there be security when one country is run in large part by insane people who lie?
The language is utterly dishonest. It is not a Russian oil price cap. The cap is by Europe / U.S. There is no Russian oil embargo. Europe / U.S. refused to buy as a "sanction" and then the U.S. / England blew up the pipeline. There cannot be an honest debate if the language used is not honest.
Hello. We is the experts.
Pathetic cowards! Why is the G7 still supporting Russia and buying their oil at all?!
Does the UN only βpartially supportβ a terrorist state, does it support murder, rape, torture, looting, and war crimes in Ukraine. Partially?
Paying for the power bill at Hitlerβs concentration camps still makes you a NAZI and a war criminal.
Russia can't cap exports. It needs every rouble it can get to fund the economy to resist the sanctions. The EU decision is backed by sanctions on cargo ship/tanker insurers if the price exceeds $60, which is being enforced by Turkey at the straits. It's very clever. It essentially turns off oil in the western direction and forces Russia to incur more costs in getting it to Asia or other markets. At the end of the day, Russia will buckle. Question is only whether OPEC+, led by the Saudis, decide to help Putin and piss off the US.
Did you say "Price Cap"?Β Russian oil today is selling at $79/barrel in Asia while G7-EU-Australia refuse to pay more than $60. Let's wait and see if Santa Klaus will bring them all the oil they need…..n
As Putin laughs hysterically! π€£
A cap on oil will only make Opec reduce oil production even more and oil prices will be astronomical, this will directly lead to an increase in price of basic needs like food .I suggest everyone braces themselves for recession 2023. I think stores better have tight security because when people can't afford to feed their families, things might get out of hand.
Let the people decide. The government doesn't know its ass from a hole in the ground. Oh, and they could care less about the people.
Russia will simply start selling their oil and gas somewhere else other than Europe , and create their own insurance companies to insure their tankers , there are other markets that needs Russian oil and gas.
Europe is shooting itself in the foot .
Price cap applicable for USA?
Putting a cap on Russian oil is a suicide by the west. Opep will further reduce oil production and oil prices will go to the roof. Anyone reading this buy stock in oil.
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I've had doubts these past 9 months if we would be going to war but it's looking like 95% chance from the s*** I've been hearing in the army and now y'all do this yeah we going to work
How are we saving the environment by asking other countries to produce more oil instead of getting our own here for cheaper?
We won't need to worry about Russian oil because we won't get ANY after the US provokes WWIII and invalid Biden piddled away our strategic reserves for political purpose
Itβs funny that they think this matters at all
What, a whole fucking 3 cents!!! FJB
Let's talk about the "FREE MARKET" LIE…
$IMPP Imperial Petroleum a bargain tanker oil stock with excellent fundamentals and flush with cash will be soaring in days to come as oil rises.
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