Russia and Ukraine flashpoint

[shavenferret]

drkohler said:

shavenferret said:

Russian oil prices are currently $83.48, and just last week they were around $81.50 so ukraine's campaign has been working very well lately

I don't think you quite understand what that means.....

Higher oil prices means the producer gets more money. Russia is the producer. (Granted Russia supposed to be banned from the openmarket but we all know what that shadow fleet of rusty tankers is doing in the open seas..).

ok, I get that.  The producer, as you are saying will get more money but the buyer/customer will spend more.  Which of these, the buy or producer do we care more about in this discussion?

Also, the producer won't be getting more profit  since Ukraine is hurting the refineries, storage depots, and distribution of the oil. The higher price is needed because of these efforts.  Gazprom or whatever just posted some horrible financial statements.  Man, i'm from Texas, and i know all about oil you can't win this i'm afraid. 

Last edited by shavenferret - 5 days ago