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  • All bets are off if Putin weaponizes oil

    From cnn.com

    Russia faces the specter of a full-blown financial meltdown. Punishing sanctions leveled by the West have sent the ruble crashing to record lows, shuttered Moscow's stock market and made Russian assets toxic on the world stage. The White House has even taken aim at Vladimir Putin's financial fortress, removing access to at least a chunk of Russia's $630 billion rainy-day fund that was designed to cushion the economic blow of this very crisis. Now comes the big question: How will Putin — who is also facing sanctions on his personal wealth from the West — fire back in what is rapidly morphing into economic warfare? ... (full story)

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The west is already thinking on release from Strategic Reserves to counter the impact, so it wont matter if Putin uses oil as a weapon.
The USSR tried Communism and it didnt work, now under a Dictatorship Putin wants to take back the countries he lost when the USSR failed.
The timing for the USA is bad as the current leadership is hell bent on Socialism and Green New Deal, which gives the upper hand and advantage to Putin,
Biden is complicit in the current Oil problem in the west. He was the one who cancelled the Canadian pipeline project.
He's so stupid that he doesn't even realise that a pipeline is simply a delivery system to the refineries in the US. In his (tiny ) mind, he thinks that shutting down the pipeline helps the climate change issue. Shutting it down has the opposite effect. The oil has to be refined, so it goes by road and rail instead thus adding to cost, pollution and use of fuel.
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  • Story Stats
  • Posted: Mar 1, 2022 9:15am
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 3  /  Views: 2,086

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