Graham calls to 'destroy' ruble, 'crush the Russian oil and gas sector' in response to Putin aggression

[basquebromance]

An econ lesson Senator: Russia produces 10 million barrels of oil daily. Sanctions drive oil higher, increase Russian reserves, strengthen the ruble.

Graham calls to 'destroy' ruble, 'crush the Russian oil and gas sector' in response to Putin aggression

Graham made the call in a tweet thread after Putin’s national address in which he recognized the independence of the Donetsk People's Republic and Luhansk People's Republic areas of Ukraine.

www.foxbusiness.com

 

[Darkwind]

An econ lesson Senator: Russia produces 10 million barrels of oil daily. Sanctions drive oil higher, increase Russian reserves, strengthen the ruble.

Graham calls to 'destroy' ruble, 'crush the Russian oil and gas sector' in response to Putin aggression

Graham made the call in a tweet thread after Putin’s national address in which he recognized the independence of the Donetsk People's Republic and Luhansk People's Republic areas of Ukraine.

www.foxbusiness.com

Um, not if they can't sell it anywhere but China.

Embargo all Russian oil exports and for fucks sake, stop buying Russia's oil, Biden.

That makes us the financier of this adventure.

 

[sealybobo]

An econ lesson Senator: Russia produces 10 million barrels of oil daily. Sanctions drive oil higher, increase Russian reserves, strengthen the ruble.

Graham calls to 'destroy' ruble, 'crush the Russian oil and gas sector' in response to Putin aggression

Graham made the call in a tweet thread after Putin’s national address in which he recognized the independence of the Donetsk People's Republic and Luhansk People's Republic areas of Ukraine.

www.foxbusiness.com

I don’t think we should ever work with Russia again. Not this Russia. We don’t work with bad actors. Have free and fair elections we’ll talk.

 

[basquebromance]

 

[excalibur]

Thought: If we cut off Russian energy from world markets, and oil in particular, the price per barrel will hit $150+, and certainly touch close to $200 per barrel. Inflation will, skyrocket.