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4) There is a risk of a global energy crisis. Russia is the largest natural gas exporter in the world and the second-largest exporter of crude oil behind Saudi Arabia, according to the International Energy Agency. Replacing Russian gas will not be easy. Europe will have to buy gas on the open market, which means if they buy from countries like Qatar or the US they will have to pay more. It also means that the gas they buy will not go somewhere else. The result will be higher gas prices everywhere as countries outbid each other for limited supplies.

4) There is a risk of a global energy crisis. Russia is the largest natural gas exporter in the world and the second-largest exporter of crude oil behind Saudi Arabia, according to the International Energy Agency. Replacing Russian gas will not be easy. Europe will have to buy gas on the open market, which means if they buy from countries like Qatar or the US they will have to pay more. It also means that the gas they buy will not go somewhere else. The result will be higher gas prices everywhere as countries outbid each other for limited supplies.

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[–] • 3 pts

I think the EU / G7 / Europe, et. al. will blink before Russia does. They'll use rubles and apologies to the US for abandoning the dollar. The US will have to accept it.

[–] • 2 pts

I agree. Obviously the west didn't think more than 15 minutes into the future when they were cooking up these sanctions after Russia went in and cut off Biden's, Pelosi's, Hillary's, and Romney's income streams from Ukraine.

[–] • 1 pt

Certainly no one within the Biden Junta was thinking clearly...

[–] • 2 pts

Probably but wouldn't bank on it. The US petrodollar is the basis behind the global jewish banking cartels. If Europeans start paying rubles then their entire empire is at risk. Which will almost certainly spread to other countries. Eventually in the middle east and Africa.

Interesting to see who blinks and for how long.

[–] • 2 pts

Interesting to see who blinks and for how long.

It'll be interesting, alright.