02-17-2022, 09:27 PM
Supply and demand.
You want to buy a gallon of gas. Or turn on your furnace.
The #2 supplier in the world will no longer sell to you since you are at war with them.
Demand remains the same, and supply drastically drops. What happens to the cost?
And I would have to imagine there is a lot more global competition and dependence on oil and gas than there was at the time of the conflicts you noted.
You want to buy a gallon of gas. Or turn on your furnace.
The #2 supplier in the world will no longer sell to you since you are at war with them.
Demand remains the same, and supply drastically drops. What happens to the cost?
And I would have to imagine there is a lot more global competition and dependence on oil and gas than there was at the time of the conflicts you noted.
