A cap on supplies.

"Oil prices rose about 3% on Monday (yesterday), as OPEC+ members agreed to a small production cut of 100,000 barrels per day to bolster prices." Reuters. The benchmark Brent crude is trading at $94.93 per barrel this morning, while the West Texas Intermediate is at $88.57 per barrel. oilprice.com. "Prices had climbed nearly $4 dollars earlier in the session, but were tamed by comments from the White House that US President Joe Biden was committed to taking all steps necessary to shore up energy supplies and lower prices." What steps? "Group of Seven (G7) finance ministers agreed...to impose a price cap on Russian oil aimed at slashing revenues for Moscow's war in Ukraine while keeping crude flowing to avoid price spikes, but their statement left out key details of the plan." BS. "Russian oil would be purchased at a discount from prevailing market prices, to limit Moscow's profits as it prosecutes its war against Ukraine: but it would keep the price above the cost of production to ensure incentive for its exports." ET. They are trying a variation of the infamous 'Oil for Food Program' that Western nations imposed on Iraq, wherein they stole Iraqi oil in return for food and medicines. law.nyu.edu. "Oil for Food was the biggest humanitarian program since the Marshall Plan," said Paul Volcker. So humanitarian was the program that half a million Iraqi children died of starvation. "I think that is a very hard choice, but the price, we think, the price is worth it," then Secretary of State Madeleine said calmly. But, Russia is no Iraq, so "Russia's deputy price minister Alexander Novak warned...that Moscow would not sell petroleum products to countries capping their price, Russian news agencies reported." The US does not care because it is producing over 11 million barrels of crude oil per day. eia.gov. "Canadian crude oil production has grown considerably over the last 30 years, from 1.7 million barrels per day (b/d) in 1990 to 4.7 million b/d in 2019." CER. In 2019, Canada exported crude worth $84.3 billion, "representing 14.1% of total Canadian exports". On top of that, "Russian oil is still making its way to the US and other countries that have imposed some form of sanctions on Moscow by way of India, according to a report from Petro-Logistics." BI. However, Europe and Japan have to import oil and gas, which means their people are going to suffer enormously. "An estimated 70,000 people protested in Prague against the Czech government..., calling on the ruling coalition to do more to control soaring energy prices and voicing opposition to the European Union and NATO." Reuters. "European gas prices surged, stocks slid and the euro sank on Monday after Russia halted gas flows via a major pipeline, sending another shock wave through economies in the region still struggling to recover from the pandemic." Reuters. And, winter is yet to come. Hopefully, this would be the final end of Western colonialism.