>>14654526yeah, this is just step 17 of the proxy war with Russia.. They had a few wrenches thrown into the plans, step 6 and 8 were cancelled... Things got escalated fast so here we are.
Anybody that thinks our fuel prices are Russias fault is a brainless nimwit. The US purchases about 3.5-4% of their oil supply from Russia. Anybody whos even remotely half assed with numbers can realize that even rounding up and saying we purchase 5% of our oil from Russia, EVEN IF THEY DOUBLED THE PRICE, it would barely be a fart in the wind to directly impact our overall price. Lets just do some quick math, all hypothetical numbers and simple rounding but here goes.
>in 2020 the U.S. imported roughly 7.86 million barrels of petroleum per dayso lets say we have 7.86mil barrels per day, at a cost of $110 a barrel for last weeks prices, so the US is spending $864,600,000 thats $865 million per day buying oil.
Of that $865 million, we give Russia about 5% of it so about $43,350,000 or about $43 million dollars goes to Russia.
Lets just hypothetically say Russian oil doubled, and we still bought from them, Russian oil went to $220 a barrel and we still bought, that means we would "theoretically" give Russia $86,500,000 thats $86 million dollars for the same amount of oil we previously were purchasing. Assuming nothing else changed and OPEC still sold us oil at $110, but the Russian oil went to $220, that would increase our total spending to $907,250,00 or $907 million.
$907 million divided by 7,860,000 barrels, means our AVERAGE price would go up to $115.43 which is up about 4.8% over the original $110 purchase price.
Russia can double its price, and it only raises our price about 5%... Where is the other 150% price increase coming from? Its all a fookin show, distraction, hurt people in their pocketbooks and make them forget the Kung Flu