And Putin has to sell it to China and India at an additional 30% discount. The oil income freefall for Russia continues.
Low oil prices could motivate other big oil producers to beg Trump (behind the scenes of course), to slap those big secondary sanctions on Russian oil sales, so the rest of them can make up some the revenue lost on the price drop.
Could be in for even more Geopolitical excitement!
Honey Badger don't care.