- Oil prices could surge to above $200 a barrel if the G7 decides to try to cap Russian prices, an SEB analyst has said.
- The G7 said Tuesday it’s exploring the feasibility of capping Russian oil prices, to dry up funding for President Vladimir Putin.
- But Bjarne Schieldrop of Swedish bank SEB said Russian production could drop, ramping up the pressure on the market.
Oil prices are likely to surge to above $200 if the G7 implements plans to cap the price of Russian crude and products, according to an analyst at Swedish bank SEB.
Bjarne Schieldrop said Wednesday that the plans were a “recipe for disaster”, given the high levels of stress in the oil market, where prices have more than doubled to around $120 a barrel this year.
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Go ahead Mr. Putin, do what you’ve got to do. We, the slaves of the globalist-controlled G-7 nations really don’t give a damn anymore. Make our day.
“Capping Russian Oil Prices”? Tell Me, exactly how does that Work? Russia already sells Oil for Gold or Rubles, and accepts Chinese Yaun as well. No Need for Kosher “dollars” or transfers through the Kosher ‘banking cartel”.
THIS is why (((they))) HATE Russia, Iran and China, and FEAR that the rest of the World’s Nations that they don’t effectively Control, are creating an Economic System where the “chosen people” don’t get their Vig.
arrogant G-7 fools, bigger fools are those of us in the G-7 nations that haven’t dragged these bastards out and hung them.