And oil is a fungible product. While transportation certainly plays into the equation, the net result of Euro and US virtue-signaling Russia bans will be minimal, as those markets buy and consume Russian production, which obviously affects worldwide price.
The biggest effect will be that those transaction will no longer be in dollars. This could be a terrible result for the US. And it may be intentional by those running Biden.
“The biggest effect will be that those transaction will no longer be in dollars. This could be a terrible result for the US. And it may be intentional by those running Biden.”
Wouldn’t be the first time that the idiots in the deep state couldn’t see the writing on the wall.
Deep state missed:
* 500,000 ChiComms massed at the Korean border.
* Tet offensive
* Fall of the Berlin Wall
* 9-11
The idiot deep state is filled with morons.