Oil and Gas Today with Chris Faulkner – Podcast #454

If the United States truly wants to deter further Russian military action in Ukraine and Eastern Europe, it must hit Moscow where it hurts: Russia’s lucrative and politically influential oil and gas exports to Europe.

In recent weeks, the White House put together a sanctions package that limits the travel of key Russian officials and imposes some limits on the international transactions of a Russian bank, but quite honestly so far I think they’ve had very little effect.

Instead of focusing on limited measures against a handful of people, we need to be able to use our energy supplies as part of our foreign policy.

Not only would energy exports to Ukraine and Europe serve to potentially weaken the Russian position in the region and hurt its economy, but American companies would also benefit.

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