Post #53035 by Steve203 on the US Policy board

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Russian oil won't move the needle one iota (in part, because we already don't get Russian oil...they mostly sell to India and China).

Prices are set in global markets. Take Russian, or Iranian, or Venezuelan, oil off the market, and the customers need to bid against others for oil from somewhere else. Ever since Trump's first meeting with the Japanese PM, shortly after the inauguration, part of each "arty deal" has been increased purchases of US oil and gas.

Steve

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