They can still pumping out that oil from the strategic reserve to depressing the price. Would be funny to see those caves become completely useless after this crisis when they start scraping the bottom
So their current stock, they bought at a higher price, and are demanded to drop their prices now to match the price per barrel. Selling their inflated stock at a loss.
5 Comments
20cello@lemmy.world · 9 pts · 45d
Sounds a bit desperate
queermunist@lemmy.ml · 8 pts · 45d
tbh prices are already way lower than I expected this far into the war
Aren't we close to running below levels needed to keep refineries running?
besbin@lemmy.ml · 3 pts · 45d
They can still pumping out that oil from the strategic reserve to depressing the price. Would be funny to see those caves become completely useless after this crisis when they start scraping the bottom
halfwaythere@lemmy.world · 5 pts · 45d
So their current stock, they bought at a higher price, and are demanded to drop their prices now to match the price per barrel. Selling their inflated stock at a loss.
This man is definitely a business man.
ToastedRavioli@midwest.social · 1 pts · 44d
sOuNdS lIkE sOcIaLiSm tOo mE