In the video he talks about sanctioning insurers who cover tankers transporting Russian oil. One of the big banks said that if Putin cut oil supplies, the price could shoot up to $380 a barrel. This would be like mass suicide to bring it on ourselves. Then he talked about somehow capping global oil prices and was talking with his security people about that.
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Biden says Americans will suffer high gas prices "as long as it takes"
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i love myself. the quietest. simplest. most powerful. revolution ever. ---- nayyirah waheed
"...there’s an obvious contest that’s happening between different sectors of the colonial ruling class in this country. And they would, if they could, lump us into their beef, their struggle." ---- Omali Yeshitela, African People’s Socialist Party
(My posts are not intended as advice or professional assessments of any kind.)
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The cap would just be on the price of Russian oil.
June 28, 20226:57 PM UTCLast Updated agoG7 discussions with China, India on Russian oil price cap positive -source
By David Lawder
WASHINGTON, June 28 (Reuters) - Group of Seven democracies have had positive and productive discussions with China and India about a plan to cap the price of Russian oil, a source familiar with the G7 discussions said on Tuesday, adding the two major oil consumers would have incentives to comply.
The source, speaking on condition of anonymity, said the price-per-barrel cap level had not yet been determined, but it would have to be high enough to give Russia an incentive to keep producing oil..._____________________________________________
Ask Congress to Investigate COVID Origins and Government Response to Pandemic.
i love myself. the quietest. simplest. most powerful. revolution ever. ---- nayyirah waheed
"...there’s an obvious contest that’s happening between different sectors of the colonial ruling class in this country. And they would, if they could, lump us into their beef, their struggle." ---- Omali Yeshitela, African People’s Socialist Party
(My posts are not intended as advice or professional assessments of any kind.)
Never forget Excalibur.
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