Whilst the US may have enough oil to flood the market, it is not as simple as doing just that. The gulf states have tried to remain neutral in the Russian conflict. Many like the UAE are tradin partners with both Russia and tge Ukraine. And if it was to appear that the US was gaining an unfair advantage from the Russian conflict, they may be forced to respond. And if they increase production of oil and flood the market, oil prices can sink below $30 per barrel almost overnight. The Arabs have nothing to lose with low oil prices but it will definitely make the sanctions against Russia less effective.
Whilst the US may have enough oil to flood the market, it is not as simple as doing just that. The gulf states have tried to remain neutral in the Russian conflict. Many like the UAE are tradin partners with both Russia and tge Ukraine. And if it was to appear that the US was gaining an unfair advantage from the Russian conflict, they may be forced to respond. And if they increase production of oil and flood the market, oil prices can sink below $30 per barrel almost overnight. The Arabs have nothing to lose with low oil prices but it will definitely make the sanctions against Russia less effective.
So despite all the sanctions, the US is still purchasing over 210,000 barrels of Russian oil per day! So whilst the US is telling the rest of the world to avoid Russia and boycott Russian products, what is the US itself doing? Leading by example, of course. Great going Joe Biden n Pamela!
Hmm.. so maybe that explains why gas in the US has gone up 12 cents in two days and even more since there were even talks of a war/invasion. Take the dunce cap.
No it is a testament to the US trying to run a war in the press and drum up support against Russia for doing things the United States has done a thousand times over. Like invade sovereign countries, overthrow sitting governments and even assassinated heads of state. I was minded to research what the US media is calling the collapse of the Russian ruble, but the US media was so convincing that it fell from being on par with the US $ to just being worth one US cent, since the war began, I accepted it. So yes, I am an intelligent idiot! Suckered by the US press as has half the world been deceived,over and over again.
Obviously you didn’t read the report in yesterday’s Tribune. Apparently the roundabout will Be reconfigured ‘to three lanes in some places’. So vehicles traveling west and wanting to turn onto Gladstone Road will have a separate lane that will allow them to merge into traffic beyond the roundabout. Likewise traffic traveling East and wanting to turn onto Bah Mar Boulevard. And a lane for traffic coming off Glad Hill and wanting to trace west towards the airport is already in place.
Try figure what the average Russian is facing there the Russia currency fell to one cent against the US $. So a bottle of water that was costing $2.00 last week in Russia, now costs $200.00 today! Gas will also be around $200. 00 or $300 a gallon.
Call it a slow news day or WEEK! The price of gas fell from $5.00 plus to just over $3.00 a gallon and from $2.00 plus a gallon in the US to 99 cents a gallon and even less for a short period. Yet there was no blaring headlines. Most Bahamians have the small Japanese cars and the gas increases will not affect them by more than $10-$15 a month. And many can compensate for this by reducing their driving or improving their driving habits.
And it will be a good economic boost to keep at least 200 young men employed for two years. Hopefully other major projects will also be going on at the same time. Obviously low unemployment among young males will have a positive impact on crime.
John says...
Whilst the US may have enough oil to flood the market, it is not as simple as doing just that. The gulf states have tried to remain neutral in the Russian conflict. Many like the UAE are tradin partners with both Russia and tge Ukraine. And if it was to appear that the US was gaining an unfair advantage from the Russian conflict, they may be forced to respond. And if they increase production of oil and flood the market, oil prices can sink below $30 per barrel almost overnight. The Arabs have nothing to lose with low oil prices but it will definitely make the sanctions against Russia less effective.
Upvote0
On HERE WE GO - GAS PRICE ROCKETS IN JUST WEEKS: Sears concedes Govt is concerned and special measures will be needed
Posted 3 March 2022, 5:57 p.m. Suggest removal
John says...
Whilst the US may have enough oil to flood the market, it is not as simple as doing just that. The gulf states have tried to remain neutral in the Russian conflict. Many like the UAE are tradin partners with both Russia and tge Ukraine. And if it was to appear that the US was gaining an unfair advantage from the Russian conflict, they may be forced to respond. And if they increase production of oil and flood the market, oil prices can sink below $30 per barrel almost overnight. The Arabs have nothing to lose with low oil prices but it will definitely make the sanctions against Russia less effective.
On THE price of gasoline at $5.52 at the pump yesterday. Photo: Donavan McIntosh/Tribune staff
Posted 3 March 2022, 5:55 p.m. Suggest removal
John says...
So despite all the sanctions, the US is still purchasing over 210,000 barrels of Russian oil per day! So whilst the US is telling the rest of the world to avoid Russia and boycott Russian products, what is the US itself doing? Leading by example, of course. Great going Joe Biden n Pamela!
On HERE WE GO - GAS PRICE ROCKETS IN JUST WEEKS: Sears concedes Govt is concerned and special measures will be needed
Posted 3 March 2022, 5:44 p.m. Suggest removal
John says...
Hmm.. so maybe that explains why gas in the US has gone up 12 cents in two days and even more since there were even talks of a war/invasion. Take the dunce cap.
On HERE WE GO - GAS PRICE ROCKETS IN JUST WEEKS: Sears concedes Govt is concerned and special measures will be needed
Posted 3 March 2022, 5:39 p.m. Suggest removal
John says...
Really got excited when you said ‘let me educate you.’ But nothing of substance came after that. Get a temperature check and try again.
On HERE WE GO - GAS PRICE ROCKETS IN JUST WEEKS: Sears concedes Govt is concerned and special measures will be needed
Posted 3 March 2022, 5:30 p.m. Suggest removal
John says...
No it is a testament to the US trying to run a war in the press and drum up support against Russia for doing things the United States has done a thousand times over. Like invade sovereign countries, overthrow sitting governments and even assassinated heads of state. I was minded to research what the US media is calling the collapse of the Russian ruble, but the US media was so convincing that it fell from being on par with the US $ to just being worth one US cent, since the war began, I accepted it. So yes, I am an intelligent idiot! Suckered by the US press as has half the world been deceived,over and over again.
On HERE WE GO - GAS PRICE ROCKETS IN JUST WEEKS: Sears concedes Govt is concerned and special measures will be needed
Posted 3 March 2022, 5:25 p.m. Suggest removal
John says...
Obviously you didn’t read the report in yesterday’s Tribune. Apparently the roundabout will Be reconfigured ‘to three lanes in some places’. So vehicles traveling west and wanting to turn onto Gladstone Road will have a separate lane that will allow them to merge into traffic beyond the roundabout. Likewise traffic traveling East and wanting to turn onto Bah Mar Boulevard. And a lane for traffic coming off Glad Hill and wanting to trace west towards the airport is already in place.
On Gladstone Road conversion to highway will be a ‘significant’ cost to taxpayers
Posted 3 March 2022, 2:57 p.m. Suggest removal
John says...
Try figure what the average Russian is facing there the Russia currency fell to one cent against the US $. So a bottle of water that was costing $2.00 last week in Russia, now costs $200.00 today! Gas will also be around $200. 00 or $300 a gallon.
On HERE WE GO - GAS PRICE ROCKETS IN JUST WEEKS: Sears concedes Govt is concerned and special measures will be needed
Posted 3 March 2022, 11:23 a.m. Suggest removal
John says...
Call it a slow news day or WEEK! The price of gas fell from $5.00 plus to just over $3.00 a gallon and from $2.00 plus a gallon in the US to 99 cents a gallon and even less for a short period. Yet there was no blaring headlines. Most Bahamians have the small Japanese cars and the gas increases will not affect them by more than $10-$15 a month. And many can compensate for this by reducing their driving or improving their driving habits.
On HERE WE GO - GAS PRICE ROCKETS IN JUST WEEKS: Sears concedes Govt is concerned and special measures will be needed
Posted 3 March 2022, 10:40 a.m. Suggest removal
John says...
And it will be a good economic boost to keep at least 200 young men employed for two years. Hopefully other major projects will also be going on at the same time. Obviously low unemployment among young males will have a positive impact on crime.
On Gladstone Road to be four lanes by end-2024
Posted 3 March 2022, 7:49 a.m. Suggest removal