U.S. Exposure to Putin's Energy Machinations

Thomas Friedman: "So add all of this up and then suppose, come December, Putin announces he is halting all Russian oil and gas exports for 30 or 60 days to countries supporting Ukraine, rather than submit to the European Union’s fixing of his oil price. He could afford that for a short while. That would be Putin’s energy bomb and Christmas present to the West. In this tight market, oil could go to $200 a barrel, with a commensurate rise in the price of natural gas. We’re talking $10 to $12 a gallon at the pump in the United States.

"The beauty for Putin of an energy bomb is that unlike setting off a nuclear bomb — which would unite the whole world against him — setting off an oil price bomb would divide the West from Ukraine."


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