RE: The Oil Price Cap Continues To Baffle Traders12 Dec 2022 12:20
The thing is if they said we are going to cap the price of oil the lower inflation and save from a massive recession traders would say thats not fair. So the media say we will punish Russia and cap there oil price. In fact if you wanted to punish russia they should have added a premium to there oil and made it more expensive then nobody would have bought it and the premium should have been a percentage so rising or falling with price of oil. The cap was designed for one thing and that was to lower prices so federal reserves can be replenished.
Guess who advised EU and UK to impose the cap on Russia the US who has most to gain.