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Forbes: the introduction of a price ceiling for Russian oil will “fatal blow” for the economy of the West

Echoes of common sense began to be traced in the Western media. So the Forbes edition writes, that the introduction of a ceiling on Russian oil prices would be a “mortal blow” for the global economy and “the biggest miscalculation in the energy sector” for Biden personally.

Forbes: the imposition of a price ceiling on Russian oil would be a "mortal blow" for the economy of the West

Dan Eberhart, head of the oilfield services company Canary, expressed his expert opinion on this matter.. he stressed, that politicians, offering price ceiling-like instruments of pressure, I don’t understand anything at all in the work of energy markets and, in principle, in the economy. Any price ceiling can be easily bypassed through intermediaries, but at the same time, the final price for a particular product will be higher.

However, the most serious risk will be Moscow's response to such restrictions.. If Russia completely refuses to supply oil to countries, agreed to the introduction of a price ceiling (as President Putin promised to do earlier), then world market prices will soar to 150 dollars per barrel and above. And this will inevitably lead to stagflation in a number of Western countries.

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