Quote:
Originally Posted by Captain Blood
I find curious that the most basic building block of the supply chain, fuel, is exorbitantly expensive, but there is no shortage. I remember in 2008, there seem to be actual shortages during the price spike. I have not seen any shortages during this price spike.
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I think there are weird dynamics due to Russia, which is still producing and selling at a discount where they can (China and India for example), with the rest of the producers benefitting from higher prices where Russian oil and nat gas are no longer welcome or getting phased out.