Hochstein said references to contractual amounts are an "excuse" because those levels should be the "floor, not a ceiling" in terms of appropriate energy supply.
The fact that prices went up to historic highs means that there's demand that's not being met, and producers should bring on supply "above and beyond" contractual obligations to bring prices down, he said. He added that Russia, as an energy supplier, has a responsibility to increase supply to help importers sustain normal economic activity so that GDP growth will not be affected by high oil or gas prices.
Russia cannot claim to be a "reliable supplier" but stick to delivering contractual levels only, he said. They have not broken any laws, Hochstein acknowledged. But he said it seems that Moscow's energy policy has been to "never let a good crisis go to waste."— CNBC's Sam Meredith, Holly Ellyatt, Chloe Taylor, Silvia Amaro contributed to this report.
Source: Energy Industry News (energyindustrynews.net)
Do we understand that it is a zero sum game out there? Not every country is as naive as the US
How many civilians were killed? How many were killed in Afghanistan? America has no moral standing in the world.
Ask that towards the European citizens.. I’m sure their bills have gone down. Maybe the U.S. should of stepped in after printing trillions of dollars these past 2 years.🤫
There's no greater joy than having financial freedom and a life free debts 😊, that's why I keep posting a comment about Mrs Nichelle_1111
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