The Mudcat Café TM
Thread #168430   Message #4148089
Posted By: The Sandman
22-Jul-22 - 12:10 PM
Thread Name: BS: Brexit & other UK political topics
Subject: RE: BS: Brexit & other UK political topics
from the same article
Will pump prices fall soon?

It is unlikely there will be a significant drop despite the rate of price growth slowing over the last week. JP Morgan has warned oil prices could surge 240% to $380 a barrel if Russia slashes production in response to western plans to cap energy prices. The bank said Russia could cut its oil production by as much as 5m barrels a day without causing excessive damage to its economy. That production cut would squeeze markets and push up prices. For drivers, that could spell further woes in the wallet."
it would appear that economic sanctions are not affecting Russia, they have found other markets and other countries who unlike the uk are not subservient to the USA, so it is not as simple as just supply and demand.
Russia is playing a part in all this too, Russia produces gas and oil Bonzo, did you knot know that in your ivory tower somewhere near Penge