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We don't import that much from Russia. It's little enough that finding other sources shouldn't take long. Oil and gas are highly fungible.
by mkr-hn 5y ago
We don't import that much from Russia. It's little enough that finding other sources shouldn't take long. Oil and gas are highly fungible.
- xedrac 5y agoUnfortunately the price of crude oil is dictated by the global supply and demand.
- GiorgioG 5y agoThe rest of the world does and thus the price of oil will go up for everyone.
- dragonwriter 5y agoDid, prior to sanctions. Now even though oil and gas aren't sanctioned, Russian oil is going without buyers. https://www.npr.org/2022/03/04/1084448619/russia-lowers-its-oil-prices-after-buyers-self-sanction https://www.npr.org/2022/03/04/1084448619/russia-lowers-its-...
- unmole 5y ago> Oil and gas are highly fungible. Crude oil isn't completely fungible. Refineries are built to handle specific grades.