Unfortunately, Russia (and SA) complicate the matter. Russia earns based on the price of oil and if the US stops producing it that price goes up along with it. The world still will buy Oil and Europe especially relies on US Oil at the moment as they ween themselves off Russia’s. Oil is the main economic driver of Russia, and you can’t combat that without producing MORE. SA’s also in the mix as they have no real other (major) economic sectors to support their country and they know Oil is going away. All of this plus Climate change leave no good options on the board to choose from at this moment except to promote and support green infrastructure…which Biden has done. It all sucks.
this post was submitted on 11 Sep 2023
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