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Oil Will Trade Flat To Down Until Biden Backs Down & China Re-Opens | Rory Johnston
Forward Guidance
How to Make the Price Cap More Effective
It's very hard to oil. It doesn't have a tracker. And I think on top of needing to like track it, which is already hard enough, then you need to validate the accounting. Like that's absolutely crazy. You know, for a long time, there was blending. So as long as the barrel wasn't more than 50.1% Russian, it wasn't considered a Russian barrel. That would be obviously unpopular for a whole bunch of reasons. But at least you could short circuit that structural flaw in the plan.
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