[tcrlaf]

“Europe has some leverage as well.”

Until it gets cold....

Europe nearly ran out of gas this winter, with Russia pumping everything they could.

At one point this winter, the UK was down to just SIX DAYS of gas reserves.

Norway has said several times that they can’t up production, and the econazi’s in the UK won’t let them go for it, either.

[dfwgator]

Until it gets cold....

We dealt with this before....

[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.