Biden blocks oil drilling on 10M acres in Alaska, including leases Trump sold
politico.com
Former President Donald Trump had bragged about his success in opening the region to oil production after decades of political fighting over the resources locked under the tundra there.
You are viewing a single comment
Yep, that's because the major oil buying nations realized they couldn't survive without buying some Russian oil, and signed an agreement to only buy it for I think it was exactly 25% under current market value. So if this war ever ends I'm sure Russian oil will rebound. If countries had stuck to their promise to never buy Russian oil it would be way lower than that.
This is a bold claim to actually bet money on. Too risky for my blood but do you. If you believe it, this is definitely the dip to buy in at.
Oh i'm not in Russian oil, I'm in US companies. I think BP has done just as well though. Investing in dictator run countries is certainly too risky for me too.