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gaukonigshofen t1_j80gphg wrote

one way to increase prices

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der_titan t1_j80qdcc wrote

The easiest and most effective way. That's all OPEC really does - it's easier to manage supply than it is demand.

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Yelmel t1_j822lu4 wrote

Especially if you're a net producer.

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TheS3KT t1_j80yq8l wrote

Production dropped 5% futures price increased 2%. Mission accomplished Putin you did it.

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Varolyn t1_j81cv7n wrote

But Russia really won’t benefit from this. Urals is still selling much lower than Brent or WTI and cutting oil production will only hurt their own revenues.

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gaukonigshofen t1_j81oyof wrote

actually they do benefit. not financially. increase cost to consumers and increase consumer frustration

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lilrabbitfoofoo t1_j844s9b wrote

Temporarily. Other producers will respond.

This is Vladolf Shitler cutting off his nose to spite his face again.

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lilrabbitfoofoo t1_j849yta wrote

Temporarily. Other producers will respond.

This is Vladolf Shitler cutting off his nose to spite his face again.

1