[kabar]

Oil is fungible. The Saudis have some flexibility and can up production. The bigger problem is getting the logistics worked out. The US also could help by tapping into the strategic reserve.

The Russian economy is not doing well at all. A major cut in revenue will make things much worse. Anyone who thinks that Russia holds all the cards doesn't understand how vulnerable Russia is to sanctions.

[tcrlaf]

The point is not how vulnerable the Russian economy is, it’s that this administration is trapped, ideologically.

If they move to lower energy prices, their radical base will go nuts when their hypocrisy is exposed, and the alternative energy cronies/Dem Party funders, like GE, will go bust, big-time.

We can do lots of things to lower energy costs, creating jobs, helping the U.S. economy, while hurting Russia.
But we won’t.