Oil price drop hurting Russia more than sanctions

Oil price slide and sanctions 'cost Russia $140bn'
The oil price decline is costing the Russians $100 billion a year and the sanctions are adding another $40 billion in lost economic activity.  They may try to prop up the price by reducing production by 300,000 barrels a day.  

The US should open up more of its federally controlled sites to production easily making up the difference and keeping the pressure on the petro tyrants running Russia.


Popular posts from this blog

The plot against the President

While blocking pipeline for US , Biden backs one for Taliban

Sharpie ballots in Arizona discarded?