> Russian oil was about 8% of the US supply. This comment betrays a deep lack of...

		BaseballPhysics on April 12, 2022 \| parent \| context \| favorite \| on: Consumer prices rose 8.5% in March – highest since... > Russian oil was about 8% of the US supply. This comment betrays a deep lack of understanding about how pricing works for fungible commodities. Russian oil is a huge chunk of the world supply, and oil is sold on a global market.