this post was submitted on 31 Oct 2022
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Norway Gas Giant Says Price Caps Won’t Solve Europe’s Supply Problem (archive.ph)
submitted 2 years ago by yogthos@lemmy.ml to c/europe@lemmy.ml
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[–] linzilla@lemmy.ml 0 points 2 years ago* (last edited 2 years ago) (1 children)

You're starting to sound very very very vague here... This article is about oil and mentions that the amount of that Canada is exporting is not substantial in any way as it has vast supplies. Also, oil is not gas, it is used to produce fuel. Oil prices went up mainly because of the OPEC decision, and secondly because of the worldwide inflation...

[–] yogthos@lemmy.ml -1 points 2 years ago

I don't know what you find vague about the fact that energy prices are going up across the world as a result of the economic war. OPEC decision itself is a response to western countries trying to control the price of oil through price caps. Meanwhile, inflation is also being driven by this. Once again, we live in a connected world economic system that the west has been destabilizing since February. These are the results.