ian oil

News reports say that Putin blinked as he moved some troops away from the border. Starting in early March of 2021 Russia began to shift troops to the Ukraine border when the price of oil was $65 per barrel. Over the next year the price rose to $95 per barrel. During that time Russia exported 214 million barrels which means Putin brought an extra $6 billion dollars. The news reports this as a failure on the part of Putin. The price is still hovering around $94 and that may continue well into the summer months. The other winners are the big oil companies and the big losers are the American people who are now spending a dollar more for gasoline. My mother used to say the rich get richer and the poor get poorer. Seems in this case she was right.