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Shooting the Moon: Will Ukraine's Refinery Campaign Lower Gas Prices? - William Spaniel
As Ukraine's bombing campaign against Russian refineries continues, a concern has grown in the West that it will lead to higher gas prices. However, there is a growing and vocal contingent that argues that it may actually do the opposite. This video explores how this may be possible and whether the real world meets the conditions where it could happen.
0:00 Destroy Refineries, Lower Gas Prices?
0:33 The Basics of Supply and Demand in the Oil Industry
2:46 How Basic Price Laws Can Be Broken
4:43 Gasoline in an Isolated Market
6:02 Is There Spare Refinery Capacity?
8:40 Is Russia Importing Gasoline?
11:11 Is There Spare Tanker Capacity?