Kanada und 31 Nationen vereinbaren die Freigabe von 400 Millionen Barrel Notöl
Canada, 31 nations agree to release 400M barrels of emergency oil
Kanada und 31 Nationen vereinbaren die Freigabe von 400 Millionen Barrel Notöl
Canada, 31 nations agree to release 400M barrels of emergency oil
19 Kommentare
Crude oil prices still went up today which means the market expects this is a short term band-aid and uncertainty of the Iran war is still there.
Besides we’re all going to pay for this eventually. These nations need to replenish their supplies later which means elevated prices in the foreseeable future.
I’m not a fan of all these countries having to release oil reserves just because Trump didn’t think more than a step ahead with his bombing campaign.
We really need to electrify our economy as much as possible to avoid these shocks. That doesn’t mean ending the oil sands, by the way. I’m just talking about building up EV infrastructure and getting that high-speed rail done since it’s electric.
Edit: Fixed some grammar.
It doesn’t matter if Canada promises more oil barrels to the world, their current infrastructure cannot simply “send more oil”.
The supply chains are already at maximum output, there’s no high speed rail or even enough railways in use to increase the sale and distribution.
Our refinement is also largely dependent on other nations, including the United States.
Factually, these are promises the government can’t keep.
Just because I want and say, my Kia will win a nascar race
doesn’t make it so.
*nooo!, not our Maple Syrup!*
Equivalent of 4 days worth of oil – are they banking on this finishing in the next 4 days?
This is a symbolic gesture but really accomplishes nothing re: pricing. Until normal traffic through the Strait resumes nothing else matters
Is US one of those nations?
Please tell me we 31 nations are not supplying USA and Israel
As long as our strategic reserves of maple syrup are not touched I’m okay with this.
Minor short term relief for long term higher prices. By selling off this, you then need to buy portions back over time.. This creates extra demand that will keep oil prices up. Only chance for lower price will be recession.
Canada doesn’t maintain a strategic petroleum reserve and our export capacity is functionally full with a little bit of wiggle room but not much. I kind of doubt we will be a significant contributor to this.
Stop violating international law and the sovereignity of other countries.
That’s easier, faster and we all benefit from it.
I want to know, what is with these gas price speculations? If we make enough gasoline for our own country, why do we care what OPEC sets as export prices?
Why is gas more expensive here than in the USA at this very moment?
How about let the taxes down?
No gas prices will go down right? Right??
40 year old that remembers the oil price shock of summer 2008.
We’ll get through this. Back then there were such few alternatives, but now we literally have inexpensive power stations, solar panels, e-bikes, & PHEV/EVs, etc.
Look like Iran is winning this lol.
Then what ? an other emergency release ?
So 4 days worth of world oil demand
Well thats 20 days worth. Then what? 20 million barrows a day are cut off.