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Biden Plan to Cap Russian Oil Prices Could Seriously Backfire, Which Means It’s Likely to Happen
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Posted On: July 3, 2022
The G7 plan to create another economic sanction against Russia by capping the price anyone could pay for Russian oil has a serious downside. If Russia slows down the export of oil, global oil prices will jump dramatically. That policy outcome would mean a massive increase in the price of gasoline for U.S. consumers. Because […]
The post Biden Plan to Cap Russian Oil Prices Could Seriously Backfire, Which Means It’s Likely to Happen appeared first on The Last Refuge.
Re Posted From: Biden Plan to Cap Russian Oil Prices Could Seriously Backfire, Which Means It’s Likely to Happen
[BACK]
[BACK]Posted On: July 3, 2022
The G7 plan to create another economic sanction against Russia by capping the price anyone could pay for Russian oil has a serious downside. If Russia slows down the export of oil, global oil prices will jump dramatically. That policy outcome would mean a massive increase in the price of gasoline for U.S. consumers. Because […]
The post Biden Plan to Cap Russian Oil Prices Could Seriously Backfire, Which Means It’s Likely to Happen appeared first on The Last Refuge.
Re Posted From: Biden Plan to Cap Russian Oil Prices Could Seriously Backfire, Which Means It’s Likely to Happen