Is he intentionally trying to destroy Europe?! The only reason to ban it would be to prevent Europe getting power this winter.
Henry Kissinger: “To be an enemy of the US is dangerous, but to be a friend is fatal”?
“Is he intentionally trying to destroy Europe?! The only reason to ban it would be to prevent Europe getting power this winter.”
*****
Getting ready for war. US Mil will need the fuel to defend Western Europe.
Western Europeans have to get used to living with a lot less. Cheap Russian fuel and cheap Chinese manufacturing is going away.
No, the idea is to lower prices in the US and still kowtow to greenies.
The Dems internal poll numbers must really be looking bad.
Europe (and many millions of even more vulnerable poor around the world) be damned. But, it’s even worse than that because the whole global economy is already lurching toward a recession, the most immediate reason being the global energy shortage.
It took me a while to figure this out: We have a fundamental mismatch between OPEC+ suppliers and their customers: Producers like Saudi Arabia and Russia need oil prices of $90/ barrel or more to fund their governments. Consumers who are heavy importers like Europe, China & Japan need prices of $70 or less for their economies to prosper. A similar mismatch is occurring with natural gas.
The US is in a bit different “spot” since we don’t import a lot & most of our own oil and gas expenditure gets plowed back into our economy, but we are still much better off with prices similar to the Trump years (except COVID), roughly $60-$70, than $90.
With such a mismatch and a lengthy supply shortage as well in place, supply and demand doesn’t work quite as it should. Then add all the BS green policy further limiting supply. This creates a situation where neither supply nor demand can suitably respond, and as that causes industries and economies to fail, demand falls further, while the oil exporter’s need for revenue continues.
Eventually, “something’s gotta give”.