FAST FIVE: The Real Reason Behind The EU's Drive To Embargo Russian Oil

Published by on

But only if you think in conventional terms of doing the right thing for their people.

They are actively working to make oil and gas prices volatile to the point of destroying investment in the industry.

Similar to what Trump did in 2018 against Iran, the shock-and-awe campaign of sanctions froze many oil trading firms in their tracks, not knowing what the future would hold, and refused to do business with Russia for fear of running afoul of sanctions.

But I think that story is more of the “Made for TV” version than it is an accurate representation of reality.

Deepened trade between Russia and the EU would have eventually ground out the animosity and the US's insistence on arming Ukraine would have become an albatross politically while Europe would be staring at a potential renaissance, instead of an economic black hole.

Categories: ZH