Tornado Alley (PROG)

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Putin’s energy war will get intense in Winter

Intent upon driving a wedge between USA and Europe, Putin still has some fuel in his armoury to drive the Energy War, even has his forces suffer a setback on the Ukraine battleground.

As Oil prices are showing signs of a fall, Russia with OPEC are toying with the idea of cutting production to raise prices.

Europe coming together to cap Russian Oil price, besides the sanctions imposed, has had a deep impact on the Russian economy.

A collateral damage has been rising energy prices and inflation flaring up.
With a global battle of nerves playing out, seeds of a second Cold War have been sown and the China - Russia duo play is what needs to watched.

Resilience of the Western alliance is what will be tested during the winter months.

“His best shot at this point is to break the resolve of the Western alliance by precipitating an energy crisis,” Craig Kennedy of Harvard’s Davis Center for Eurasian and Russian Studies said at an Brookings event. “He’s starting with gas, but I wouldn’t be surprised to see him winding down oil production as well.”

[url][/url][tag]https://finance.yahoo.com/news/whats-coming-next-in-putins-energy-war-202125366.html[/tag]