Comments by "Far Centrist" (@far_centrist) on "EU agrees on Russian oil price cap: Will it make a difference? | DW News" video.

@SelfProclaimedEmperor that is not how market price works. Today's oil price in Europe is not $65. It was that much when it was buying from russian pipeline due to a contract, but not anymore. Currently the EU fulfills its energy needs from other nations selling it at market price (except hungary), while india and china is buying russian oil at a discount. This price cap assumes that russia will continue to sell them oil, which the russian will not, so i don't know how you came to a conclusion that EU oil price is at $65 a barrel. As to how the asian will profit, you can learn from the indians which bought russian crude at a discount, refine it, then resell it to the EU at the market price of a refined oil. China is doing the same thing except it's LNG.
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@SelfProclaimedEmperor "we ain't buying it" statistics shows otherwise. The EU has increasingly bought indian oil and chinese LNG. In fact, for LNG, they are buying it directly from russia. Currently they've bought 140% more russian LNG from last year. Seriously, look it up on google. Everything i just said is verifiable. Unlike your claims. US oil costs more because the company that sells it like shells, ExxonMobil, etc is putting up a high profit margin for various reasons. In fact, both macron and scholz complained about it recently. And when the energy costs too much, the company suffers because they've lost their competitive edge that they used to have, they can't sell their products for cheap like it was. Which will kill demands. This makes the US an unreliable supplier.
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