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Why inflation can stop quickly.
sgbuffett

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#1

24-06-2022, 11:54 AM
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Yesterday I was revealed that India and China were buying lots of Russian oil.

Then question is who is OPEC selling to what about US shale producers. Shale break even is below $60 now.

Oil is over priced after the war started because investors thought Russian oil will have no buyers. This turned out to be untrue.

Once oil price adjust downwards....inflation pressures will disappear fast.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
(This post was last modified: 24-06-2022, 11:56 AM by sgbuffett.)
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cityhantam

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#2

24-06-2022, 12:27 PM
Not so simple.

Oil is just one of the many factors causing inflation.
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