• Oil and gas facilities in Russia have caught fire in recent weeks following suspected drone attacks.
  • In the latest attack, an oil refinery in the southwestern Volgograd region was ablaze on Saturday.
  • Russia’s air-defense systems have proven to be less effective against small drones.
  • Viking_Hippie@lemmy.world
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    9 months ago

    Supply and demand applies.

    Not on the local level with a global commodity like oil.

    If supply is squeezed, by Russia not being able to produce, then prices climb

    Not necessarily, no. Other oil producing countries might elect to release some of their reserves or increase production to keep prizes down. As I said, global commodity.

    Aaaand the rest just keeps on in the same way of assuming that local supply has vital effects on the price of a global commodity, so I’m just gonna stop repeating the point you keep missing in your zeal to make one less oil refinery in the world a bad thing 🤦