Russian Oil Sells for $79 in Asia

So, my initial reaction in a conversation to EU’s newly rolled out policy of price caps on Russian oil was this:

The Russians will sell the oil to the Indians for $75 and then will ship the oil to Europe at market prices and will pocket the difference…

Sheeit, I am a prophet, look at what is happening:

Source

Price controls are the stupidest policy in the history of economics…

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s