How are things at the Troll Farm today? I ask just because I know that is where you work. If not, you should prove it which would be quite easy.
Yes, it is awesome that Russia is getting record high prices for oil out of a situation they created. Even more awesome is that Europe won't cut off Russian oil and gas so in effect, they are financing their own invasion.
People who are doing well will just be inconvenienced by fuel prices. I am still going to drive 6 hours for a day trip tomorrow. Next week I'll drive 14 hrs each way to get in some skiing. The people who are going to be hurt the most are in the developing countries. They will be hurt by fuel prices but also due to the fact that food will become scarce. 2 reasons for that. One is the Haber-Bosch process - it supports 3/4 of the world's population - that means 3/4 of the worlds population is fed due to inorganic fertilizer use. The main feed stock for anhydrous ammonia is natural gas - the cost of fertilizer and DEF is about to get stupid. The other ag input that will go silly is potash - it is mined in only a few places - Carlsbad, NM, Esterhazy, Canada, Russia, and Ukraine.
Personally, I am holding on to my turbo diesel cars but I am looking forward to $6 and $7 diesel so I can buy a 3/4 ton 4x4 diesel truck.