In terms of the price of Russian oil, the West wants to have it all, as reported by Foreign Policy.
Steep discountsWhen Western leaders announced on Dec. 2 that they had agreed on a $60 price cap on Russian oil exports, they trumpeted it as a bold multinational achievement in energy diplomacy.
After all, Russian oil has sold at prices in the $60 range for much of the last several years.
When countries such as India and China snapped up the surplus, they negotiated...