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A comment on Consumer electricity prices in Germany climb to record high: 45-80 Cents/kwh. Parent comment

Re:Consumer electricity prices in Germany climb to record hi... by rad_gruchalski on Thursday December 30, 2021 @03:55PM (#29741321)
> If the Saudis and Iran stop pumping oil then all developed economies will be in the shit.

Oil is 70% of KSA export earnings. If they stop selling, they are also in shit. Iran is 5% of worldwide supply, biggest buyer is China.

[ Parent | on HN ]
Re:Consumer electricity prices in Germany climb to record hi... by LatteLazy on Friday December 31, 2021 @07:10AM (#29747292)
Saudi cut their pumps last year didn't they? After 40 odd years of OPEC prices they can afford to just pour money out like a fire hose for a long time...
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