"G7 leaders discuss price cap on Russian oil over Ukraine invasion"

If I summarize: The countries that do not produce oil want to force the countries that produce it to sell it cheaper. 

It's like if I go to the gas station tomorrow and tell the gas owner that I'm buying a tank of gas at half price because I decided to. 

Are they completely stupid or am I missing something? 

https://www.aljazeera.com/economy/2022/6/26/g7-di…

Comments (2)

Jun 26, 2022 - 7:09pm
HardestOfHardos, what's your opinion? Comment below:

US, UK & Canada don't produce oil? 🤔

That aside - I get your point, but it's not black and white. A better analogy would be the 7 richest people turning up at the country's largest gas station and demanding a lower price… the owner might be forced to comply

  • Trading Assistant in S&T - FI
Jun 26, 2022 - 8:00pm

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