Quote:
Originally Posted by jimjamuser
Gas consumption (the DEMAND side) in the US is a factor that affects the price. But, in this case, the SUPPLY side is the BIGGER factor. The GLOBAL future RISK to OIL SUPPLY has risen sharply since the start of the Russian invasion of the Ukraine. This has driven the price of a barrel of oil up sharply. Oil is a GLOBAL commodity.
........If Putin was overthrown and a new Russian government that was westward thinking came in, the price of gas at our US pumps would drop.
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Geee... If only there was some other reason we could identify that caused US supplies to become risky...
Hmmm... What possibly could it be...