Don_Dickle@lemmy.world to No Stupid Questions@lemmy.world · 5 hours agoSince the US is now starting shit with Iran. And Syria changing Regimes. Also the Saudis quietelly back the US attack on Iran, and Russia still in a stalemate situation. What is OPEC going to do?message-squaremessage-square8fedilinkarrow-up111arrow-down10
arrow-up111arrow-down1message-squareSince the US is now starting shit with Iran. And Syria changing Regimes. Also the Saudis quietelly back the US attack on Iran, and Russia still in a stalemate situation. What is OPEC going to do?Don_Dickle@lemmy.world to No Stupid Questions@lemmy.world · 5 hours agomessage-square8fedilink
minus-squareneidu3@sh.itjust.workslinkfedilinkEnglisharrow-up10·edit-25 hours agoFuckall. Iran isn’t in a position to do much of anything, and the rest prefer stability and even benefit from a potential rise in crude prices.
minus-squareFurryMemesAccount@lemmy.blahaj.zonelinkfedilinkarrow-up1·1 hour agoAlso renewables are really cheap these days. If oil prices spike too much, more things will transition, leading to more long-term oil sale losses. They can’t afford to hike prices too much.
minus-squareVon LLuna@lemmy.worldlinkfedilinkEnglisharrow-up4·4 hours agoI’d be shocked if you end up wrong because this is a pretty accurate assessment of the situation currently.
Fuckall. Iran isn’t in a position to do much of anything, and the rest prefer stability and even benefit from a potential rise in crude prices.
Also renewables are really cheap these days.
If oil prices spike too much, more things will transition, leading to more long-term oil sale losses. They can’t afford to hike prices too much.
I’d be shocked if you end up wrong because this is a pretty accurate assessment of the situation currently.