Janet Yellen proposes a price cap on Russian oil

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#shorts #JanetYellen #oil
Treasury Secretary Yellen proposed a price cap on Russian oil in order to limit Putin’s economic power while relieving domestic inflation concerns in the U.S. Yellen spoke on July 12, 2022.

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It's concerning but not surprising to see that Yellin doesn't understand markets.

agaluch
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they'll just sell it to someone else at market prices..what kind of idea is that?

ProblemSolverUS
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Oil is a global market, we can't set the price. We can't enforce the price. We can't make this stick.

dementeduncle
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"There will never be another crisis in our lifetime." Janet Felon

peterwilson
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What mushrooms she has been eating? lol

zfvr
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😂😎 She's saying to circumvent the Cartel whose leader Joe just fist bumped 😎😂

ssuwandi
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How if - instead inventing new economic concept - you remove unfair, illegal and one-sided sanctions and let countries like Iran and Venezuela sell their oil to the market?!

chakavak
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We want inflated gas prices or gas shortages?

monstaclutch
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yes and your wars money comes from selling weapons, shall that also be put on sanctions

parasgudhka
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How about not buying any?
Pay Texans for oil.

egillis
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I don't care about Canada or Trudeau's punishment.
I am interested in the truth alone.
That is all I ask of you Mama. Nothing else.

jacobzaranyika
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Funny enough gas prices went down 20 cents this week and 15cents last week. At least where I'm at its going down.

marioStortuga