"The earlier U.S. sanctions on Russia were fairly tame and Europe showed almost no willingness to go along. However, engineering an oil price decline is something that hits (Russian President) Putin where it hurts without hurting Europe in the process because Europe actually benefits from lower oil prices. If this escalates much further, Putin may need to use his two most powerful weapons: shutting off natural gas to Europe and shutting down the New York Stock Exchange with cyber warfare...either will be disastrous for the global economy. So, we may see much worse to come."
Monday, October 20, 2014
Engineering an Oil Price Decline
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