Saturday, March 23, 2024

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Ukraine recently found a Russian weak spot targeting its oil and gas industry in long-range missile and drone attacks.
The attacks have reduced Russia's oil processing capacity by 7%, Reuters reported, seriously impacting an industry Russia relies on heavily to fund its invasion of Ukraine.
But according to The Financial Times, pushback on the attacks is coming from an unexpected corner: Kyiv's most important ally, the US.    
US officials are said to be concerned that the attacks could drive up oil prices and provoke retaliation. They want Ukraine to ease up, per the report.
The audacious attacks, targeting refineries, storage depots, and other sites, badly dented Russia's oil industry.
Oil prices have already increased sharply, bringing wider economic pain. A further increase would diminish President Joe Biden's chances of reelection.
Comment:
Many want Joe Biden to stay in office, and keep the war simmering, the border wide open, the inflation as high as possible and the future is as promising as Biden's remembers it.  Just a thought. 

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