Business as usual? Ukraine taken by Russia. Does the world continue buying natural gas and oil from Russia as if nothing happened?
If not, that takes a lot of oil off the global market.Boston (ISO NE) burns a lot of Russian oil, as just one example.Would Biden ban Russian oil imports to the US? The US imports more oil from Russia than the Soviet Union.
A few added bullets to the blog's post:
- Top stories?
- Ukraine coming to a head: it's "go" time for Putin. Now or never. It certainly looks like he's taking a page out of Schwarzenegger's playbook for "shock and awe."
- look at the forces being assembled on the border;
- no logistical obstacles;if Putin goes, this will be over in 24 hours.
- the most interesting thing: "everyone" is looking at what the US will do; has anyone asked what Germany or France will do? LOL. France won't do a thing. Germany knows NATO is a paper tiger.
- 40% of Europe's natural gas comes from Russia; a lot of winter left.
- Biden's military option: US troops in eastern Europe, but not Ukraine
- headlines: US sends troops to Latvia; Russia takes Ukraine -- which headline does The New York Times lead with?
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