The warning signs are all over the media….
Increasing numbers of Ukraine POW’s….
Most of the Ukraine diging out and trying to get back to normal…
European countries running short of energy ….
America seeing record gas prices….
Russia making more money on gas/oil exports….
While the Russian consumer is getting pinched?
One must remember…
Russia is not a democracy….
Putin isn’t under the political pressure the Western leaders and even Zelensky is increasingly under….
President Bi9den is not confrontational ….
His efforts to hurt Russia are increasingly beginning to hurt other Western nation’s and America…
He needs to get on a plane and go to meet the Ukrainian leader and promise him the world IF he would just negotiate a ceasefire with Putin…
This conflict cannot go on for years….
The Western nation’s people’s will NOT stand for it after a while….
The German government moved closer to rationing natural gas on Thursday after Russia cut deliveries to the country last week in an escalation of the economic war triggered by Moscow’s invasion of Ukraine.
Berlin triggered the second of its three-step plan to deal with gas shortages after the Kremlin-controlled energy giant Gazprom, the country’s biggest gas exporter, throttled delivery via the Nordstream pipeline by around 60% last week. Germany’s gas reserves are at 58% capacity, and the government now expects a gas shortage by December if supplies don’t pick up, Economy Minister Robert Habecksaid.
The second step, dubbed the “alarm level” is a prerequisite for the government to enforce some of the gas-saving measures it announced at the weekend, including substituting coal to gas for power generation and creating financial incentives for companies that consume less gas.
Rationing, which would come in the third step, would focus on industry and could severely impact companies that use gas as fuel or as a raw material for production, likely pushing Europe’s biggest economy into recession, economists and company executives have warned….
Russia’s throttling of gas supplies has raised fears across Europe that several nations could be faced with a fuel shortage in the winter. It has also increased gas prices, putting additional pressure on economies that are already struggling with high inflation….
Phillip Braun, professor of finance at Northwestern’s Kellogg School of Management, is available to speak with media and explain the trajectory of oil prices in the United States and beyond.
He can be reached by contacting Haley Rebecca Robinson at firstname.lastname@example.org.
How important is Russia in the global oil supply?
Said Braun: “Russia is the third largest supplier of oil in the world, after the U.S. and Saudi Arabia. It produces 12% of the world’s oil supply, including 8% of the U.S.’s supply.
“The market for oil is global, and the removal of Russia from the global supply chain has and will continue to push the price of oil up. The spot price for Brent crude oil peaked today at $113.94 per barrel, its highest price since June 2014, before falling back to $109. U.S. retail gasoline prices for regular now average around $3.52 per gallon, its highest average price since the summer of 2012, and the price is still climbing.”…