Wednesday, March 9, 2022

Warmed..

 

The White House had initially shrugged off calls to ban Russian oil, arguing that the impact on global markets would be destabilizing to the West. 

But Biden clearly warmed to the idea, even as some Democrats worried that they would pay a political price in November’s midterm elections for public frustrations about high gas prices. 

It is the first time the U.S. has gotten ahead of its European allies in sanctioning Russia. 

Europe relies far more heavily on Russian energy imports and has been more reluctant to join in a ban. The U.S. imports accounting for less than 3% of the nation’s energy supply. Europe imports more than 4 million barrels a day of Russian fuel.

A minor reduction in Russia's oil import count for 40% increase in Gas prices?

Does anyone in the current democracy cares for poor people around the globe? Or this is time for Revenge. Just a thought.

No comments:

Post a Comment