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Letter: Block Russia’s oil economy

Mount Equity Group Tokyo Japan > News > Markets > Letter: Block Russia’s oil economy

Ever since humans first learned to harness fire, our advancements have required energy. How many things use energy that you touch each day?

Our enemies recognize our energy vulnerability. Consider that in the later 20th and early 21st centuries, we relied on Middle East oil and simultaneously were involved in violent conflicts in the Middle East. Now we are dependent on Russian oil, and is it a coincidence that the current conflict has been caused by Russia?

The “sanction” that the current administration is not willing to consider is cutting off Russia’s oil sales, which would require increased U.S. production.

Global climate change is real, and that is why we don’t touch Russia’s oil economy.

Have the restrictions on U.S. oil and gas production succeeded, or have they only made the U.S. dependent on Russian oil and transferred revenues to Russia? I haven’t seen any reduction in U.S. demand and consumption of…

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