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22 posters

    World oil prices and OPEC

    lancelot
    lancelot


    Posts : 1295
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    Join date : 2020-10-17

    World oil prices and OPEC - Page 4 Empty I think it goes way beyond that.

    Post  lancelot Mon Mar 21, 2022 5:21 pm

    I think it goes way beyond that. The asset seizures of Russian billionaires in the West must have spooked the Chinese and Middle Eastern billionaires.
    In the case of the Middle East these billionaires are usually members of the ruling royal family.
    The Middle Eastern countries also realize all their US treasuries, which they are the biggest holder of, might be seized just like Russia's Central Bank reserves were.

    GarryB likes this post

    franco
    franco


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    World oil prices and OPEC - Page 4 Empty Re: World oil prices and OPEC

    Post  franco Sun May 22, 2022 10:20 am

    US energy dependency

    Despite being the world's largest oil producer, the US imported more than 3 billion barrels of crude oil and refined products in 2021, accounting for 43% of the country's consumption.⁠

    https://twitter.com/spriteer_774400/status/1528353371345899522/photo/2

    GarryB and lancelot like this post


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