This is my face when I'm disappointed by nothing ever happening.
>>540725828Heavily subsidized price
>>540725828they greatly overestimated its importance
>>540725828Saudi Arabia redirected a large flow, and China cut imports heavily. The remaining amount has been buffered by draining the world's strategic supply release. Despite all that, oil prices are 50% higher than they were before the Iran war.When the reserves run low, a supply crunch will spike oil prices.
>>540726875Oil was around that price in the 90s and it was much cheaper
>>5407258284-D chess
>>540727029
>>540725828China halved its imports somehow, and strategic reserves are being released (although are running out). Some oil is now going through different routes around hormuz but less.
>>540727154yeah it was a really retarded and brown thing to say for sure
>>540727029Fuck you lol
>>540727187>China halved its imports somehow, and strategic reserves are being releasedBy china. Their huge reduction in imports is them releasing their strategic reserves. It's hilarious how wumao's condition idiots to think only the West releases their resevers but china is just slashing imports. They even have a word for this jewsih practice: 提法 (tífǎ)
>>540727029It was $15-20 a barrel.
>>540725828Uhhh I haven't been showering and my balls itch, I smell my hand after scratching and it smells like cooked spaghetti noodles.
>>540725828Market manipulation via A.I
>>540727615well I'm all for it then
>>540725828Because Biden banned drilling for four years and reversed progress on keystone XL.
