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Message: <blockquote data-quote="bacha29" data-source="post: 5436866" data-attributes="member: 58386">Exactly, Oil is a GLOBAL commodity and come 12-5 the full cutoff of Russian oil from the UE will be complete. The trouble is nobody knows for certain if or when it will again flow to the UE.Right now  UE LNG storage is at 93% of capacity and there are currently 60 loaded LNG tankers waiting offshore for a chance to offload. And if you noticed the price has gone from $9 down to $5.50.In the meantime oil is and for the time being oil will remain a global commodity and if you don't want to pay pay the going rate.....somebody else will. And US oil companies will continue to stockpile record profits from the current geopolitical showdown for as long as it lasts.</blockquote>